LIFE CYCLE AND ECONOMICS OF AGING
LIFE CYCLE AND ECONOMICS OF AGING

Author(s): Dražen Barković
Subject(s): Supranational / Global Economy, Social Theory, Demography and human biology, Gerontology, Socio-Economic Research
Published by: Sveučilište Josipa Jurja Strossmayera u Osijeku, Ekonomski fakultet u Osijeku
Keywords: aging; saving; consumption; life-cycle;
Summary/Abstract: The contribution of economists in the scientific debate over aging and its impact on society and the economy comes in the form of various theoretical models, particularly from the macroeconomic point of view. The aging problems have been dealt with by using a common approach to problem-solving and interdisciplinarity. In this paper, we took a more straightforward model approach from macroeconomics, Modigliani’s Life-Cycle Hypothesis, whose content can be incorporated into the concept of life cycle theory. In this way, the theory shows how resources are transferred at different times to the outcome logically and rigorously.

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