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Saving and Consumption Decisions

Name: Saving and Consumption Decisions
Brand: LAP Lambert Academic Publishing
SKU: 12628659
Price: 14041 HUF
Availability: InStock
Author: Sara Paralta
ISBN: 9783659886225

Life-cycle Theory

Sara Paralta

Language

English

Book Paperback

Libristo code: 12628659

Publishers LAP Lambert Academic Publishing, November 2015

This book contains a survey of the Life-cycle Theory and presents a summary of the saving function f... Full description

Libristo code: 12628659

94 b

14 041 Ft

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This book contains a survey of the Life-cycle Theory and presents a summary of the saving function framework. The life-cycle theory explains the consumption and saving decisions in function of the different phases in life. During childhood, the individual consumes and receives his education. In a second stage, the individual actively consumes, produces and saves. In a third phase, the individual uses his accumulated net wealth, including the amount of social security wealth, to finance his consumption of life-cycle during retirement. This textbook is tailored to suit the needs of students who are pursuing macroeconomics course.