L’ipotesi del ciclo vitale, la politica fiscale e la previdenza sociale

Moneta e Credito, 2005, vol. 58, issue 230-231, 187-202

Abstract: The paper summarizes the main implications of the life cycle hypothesis regarding the individual and aggregate saving, fiscal policy and social security, focusing on the most important contributions of Modigliani on these issues. Although it is not easy to reconcile some recent empirical results with the hypothesis of the life cycle, especially the aspects of inertia, myopia and irrational behavior documented in the literature behavioral, the studies of Modigliani still represent the basis of reference for the study of individual savings decisions and to make policy choices.

Keywords: ciclo vitale; risparmio; modigliani; politica economica (search for similar items in EconPapers)
JEL-codes: D91 (search for similar items in EconPapers)
Date: 2005
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