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n developed countries the phenomenon of population aging is happening because of longer life expectancy as well as lower birth rates and lower population growth rates. Eelborate how the life-cycle

n developed countries the phenomenon of population aging is happening because of longer life expectancy as well as lower birth rates and lower population growth rates.

  1. Eelborate how the life-cycle theory can be used to deduce that while longer expected life increases individual and aggregate savings, a lower population growth rate may increase per capita saving in the short run but reduces it in the long run.
  2. Explain How does the LC theory suggest that immigration from developing countries maybe favorable for increasing aggregate consumption and savings in developed countries?

Apr 19 2021 View more View Less

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