WebNov 5, 2016 · In the short run, however, it will vary pro-cyclically over the business cycle. Modigliani and Brumberg (1980) argue that over the business and life-cycle, … WebMar 6, 2024 · About Press Copyright Contact us Creators Advertise Developers Terms Privacy Policy & Safety How YouTube works Test new features NFL Sunday Ticket Press Copyright ...
The Chinese Saving Puzzle and the Life-Cycle Hypothesis
WebModigliani’s life-cycle theory is a fine piece of theory, supported by many years of empirical work, both by supporters and detractors. But it is more than that. It is life-cycle theory … WebSep 25, 2003 · Franco Modigliani was awarded the Economic Sciences Prize for his pioneering research in several fields of economic theory that had practical applications. One of these was his analysis of personal … make slideshow fit to music
What Is Franco Modigliani Best Known for? - Investopedia
WebFranco Modigliani, (born June 18, 1918, Rome, Italy—died September 25, 2003, Cambridge, Massachusetts, U.S.), Italian-born American economist and educator who received the Nobel Prize for Economics in 1985 for his work on household savings and the dynamics of financial markets. Modigliani was the son of a Jewish physician. He initially … WebFranco Modigliani. (Italian-American economist and the recipient of the 1985 Nobel Memorial Prize in Economics.) Franco Modigliani was an Italian-American economist considered the originator of the “Life Cycle Hypothesis of Saving”, a model that tries to explain the consumption patterns of individuals. He served as a professor at MIT Sloan ... WebThe estimation results suggest that demography plays a very important role in gross savings for Mauritius. Models based on Modigliani’s life cycle hypothesis predict that saving follows an inverted U-shape pattern, i.e., saving rate is high at middle age, and low at young and old ages. Societies during the peak of demographic transitions (when the proportion … make slideshow from search engine