Saving and Consumption Decisions: Life-cycle Theory - Tapa blanda

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.

Sara Paralta holds a Ph.D from the Paris-Dauphine University and a Master degree of Monetary and Financial Economics from ISEG. She is an assistant professor of Economics and Management at Atlântica. She has also published scientific articles and books. Her areas of interest are Macroeconomics, Pensions, Business Simulation and Accounting.