Life cycle theories of savings and consumption

Anita Richert-Kaźmierska

doi:10.1007/978-3-319-69892-2

Life cycle theories of savings and consumption

Abstract

Life cycle theories of savings and consumption are the economics theories explaining the changes in saving and consumption in the subsequent phases of the human life cycle. There are two main approaches: (1) indicating the dependence of the level of savings and consumption on the average level of income over a long period of human life (life cycle hypothesis; LCH) or (2) on psychological factors, in particular self-control and willpower, mental accounting, and framing effect (behavioral life cycle hypothesis; BLCH).

Citations

4 0

CrossRef
0

Web of Science
0

Scopus

Author (1)

Anita Richert-Kaźmierska dr inż.

Cite as

Full text

full text is not available in portal

Keywords

Details

Category:: Monographic publication
Type:: rozdział, artykuł w książce - dziele zbiorowym /podręczniku w języku o zasięgu międzynarodowym
Language:: English
Publication year:: 2019
Bibliographic description:: Richert-Kaźmierska A.: Life cycle theories of savings and consumption// Encyclopedia of Gerontology and Population Aging/ : , 2019,
DOI:: Digital Object Identifier (open in new tab) 10.1007/978-3-319-69892-2
Verified by:: Gdańsk University of Technology