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Opis

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.

Szczegóły książki

• Pełny tytuł: Saving and Consumption Decisions
• Podtytuł: Life-cycle Theory
• Autor: Sara Paralta
• Język: Angielski
• Oprawa: Miękka
• Liczba stron: 72
• EAN: 9783659886225
• ID: 12628659
• Wydawca: LAP Lambert Academic Publishing
• Waga: 124 g
• Wymiary: 220 × 150 × 4 mm
• Rok wydania: 2016

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