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Population Dynamics and Life-Cycle Consumption

Author

Listed:
  • Pietro Senesi

    (University of Rome II - Faculty of Economics)

Abstract

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.

Suggested Citation

  • Pietro Senesi, 2003. "Population Dynamics and Life-Cycle Consumption," CEIS Research Paper 2, Tor Vergata University, CEIS.
    • Handle: RePEc:rtv:ceisrp:2
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    File URL: https://ceistorvergata.it/RePEc/rpaper/No-02--Senesi.pdf
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    References listed on IDEAS

    as
    1. Weil, Philippe, 1989. "Overlapping families of infinitely-lived agents," Journal of Public Economics, Elsevier, vol. 38(2), pages 183-198, March.
    2. 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 611-635, August.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Lei He & Shuyi Zhou & Zilan Liu, 2020. "How is aggregate household consumption affected jointly by longevity, pension, and aging? Theory and evidence," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 67(4), pages 499-512, December.
    2. Xuyang Li & Tongping Li & Hui Li & Junmei Qi & Linjie Hu, 2019. "Research on the Online Consumption Effect of China’s Urbanization under Population Aging Background," Post-Print hal-03007148, HAL.
    3. Xuyang Li & Tongping Li & Hui Li & Junmei Qi & Linjie Hu, 2019. "Research on the Online Consumption Effect of China’s Urbanization under Population Aging Background," Sustainability, MDPI, vol. 11(16), pages 1-14, August.
    4. Lei He & Shuyi Zhou & Zilan Liu, 0. "How is aggregate household consumption affected jointly by longevity, pension, and aging? Theory and evidence," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 0, pages 1-14.

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    More about this item

    Keywords

    population dynamics; consumption; endogenous time preference;
    All these keywords.

    JEL classification:

    • D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth

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