Abstract
This paper reformulates Findlay's (1970) analysis by solving for life-cycle saving explicitly. The key parameters are the rate of population growth and the consumer's discount factor. It is shown that Findlay's result carries over even after the effect of population growth on the saving rate is taken into account.
Original language | English (US) |
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Pages (from-to) | 375-379 |
Number of pages | 5 |
Journal | Economics Letters |
Volume | 28 |
Issue number | 4 |
DOIs | |
State | Published - Jan 1 1988 |
ASJC Scopus subject areas
- Economics and Econometrics
- Finance