population dynamics;
consumption;
endogenous time preference;
D O I:
10.1007/s001480200127
中图分类号:
C921 [人口统计学];
学科分类号:
摘要:
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.