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Population Dynamics and Life-Cycle Consumption

  • Pietro Senesi

    ()

    (University of Rome II - Faculty of Economics)

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    This paper presents a model where aggregate consumption depends on both the level of wealth and the age structure of population. The explicit consideration of an endogenous rate of time preference permits to analyze the important role of population ageing as a determinant of aggregate saving.

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    File URL: ftp://www.ceistorvergata.it/repec/rpaper/No-02--Senesi.pdf
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    Paper provided by Tor Vergata University, CEIS in its series CEIS Research Paper with number 2.

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    Length: 9
    Date of creation: 31 Jan 2003
    Date of revision:
    Handle: RePEc:rtv:ceisrp:2
    Contact details of provider: Postal: CEIS - Centre for Economic and International Studies - Faculty of Economics - University of Rome "Tor Vergata" - Via Columbia, 2 00133 Roma
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    Order Information: Postal: CEIS - Centre for Economic and International Studies - Faculty of Economics - University of Rome "Tor Vergata" - Via Columbia, 2 00133 Roma
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    1. Epstein, Larry G & Hynes, J Allan, 1983. "The Rate of Time Preference and Dynamic Economic Analysis," Journal of Political Economy, University of Chicago Press, vol. 91(4), pages 611-35, August.
    2. Weil, Philippe, 1989. "Overlapping families of infinitely-lived agents," Journal of Public Economics, Elsevier, vol. 38(2), pages 183-198, March.
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