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The effect of population growth on wealth and saving in the Modigliani-Brumberg life cycle model

Authors
Publisher
Elsevier B.V.
Publication Date
Volume
1
Issue
1
Identifiers
DOI: 10.1016/0165-1765(78)90093-9

Abstract

Abstract The effect of a change in the rate of population growth on the aggregate savings-income ratio and on the aggregate wealth-income ratio is evaluated in a life cycle model of capital accumulation and growth. It is shown that the former will increase and the latter will decrease when the rate of population growth increases.

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