Life-Cycle Hypothesis ·
Borrow, Save, Dissave
un
seel
.com · Modigliani-Brumberg 1954 · C ≈ (R·Y)/T
Age
—
Phase
—
Beat
—
Income (hump)
Consumption (flat)
Saving region
Dissaving region
▶ Play
←
→
🔇 Unmute
Reset
Un
seel
.com · Life-Cycle Hypothesis