scholarly journals THE MODIGLIANI–ADDO–BRUMBERG LIFE-CYCLE MODEL: APPLYING TO UKRAINE’S ECONOMY

Ekonomika ◽  
2013 ◽  
Vol 92 (4) ◽  
pp. 73-81
Author(s):  
Olena V. Bazhenova ◽  
Kateryna I. Krytsun
Keyword(s):  
Life Cycle ◽  
The State ◽  
Life Cycle Model ◽  
Cycle Model ◽  
The Relationship

Abstract. The authors investigate and analyze the possibility of the Modigliani–Ando–Brumberg life-cycle model to describe the relationship among income, consumption, savings, and inheritance of individual households of Ukraine’s economy by using the state statistics data of Ukraine. The features and contradictions of the assumption that a person has the desire to stabilize consumption and make it uniform throughout his life to Ukrainian households are tested.Key words: life cycle model, savings, income, debt, retirement, consumption, wealth, inheritance, constant consumption

LIFE INSURANCE AND PENSION CONTRACTS II: THE LIFE CYCLE MODEL WITH RECURSIVE UTILITY

2015 ◽  
Vol 46 (1) ◽  
pp. 71-102 ◽  
Author(s):  
Knut K. Aase
Keyword(s):  
Life Cycle ◽  
Portfolio Choice ◽  
Life Insurance ◽  
Insurance Industry ◽  
Life Time ◽  
Recursive Utility ◽  
Life Cycle Model ◽  
Cycle Model ◽  
Pension Insurance ◽  
The Relationship

AbstractWe analyze optimal consumption and pension insurance during the life time of a consumer using the life cycle model, when the consumer has recursive utility. The relationship between substitution of consumption and risk aversion is highlighted, and clarified by the introduction of this type of preferences. We illustrate how recursive utility can be used to explain the empirical consumption puzzle for aggregates. This indicates a plausible choice for the parameters of the utility function, relevant for the consumer in the life cycle model. Optimal life insurance is considered, as well as the portfolio choice problem related to optimal exposures in risky securities. A major finding is that it is optimal for the typical insurance buyer to smooth adverse shocks to the financial market, unlike what is implied by the conventional model. This has implications for what type of contracts the life and pension insurance industry should offer.

Company life cycle model: The influence of interior and exterior factors

2020 ◽  
Author(s):  
Oleg Malafeyev ◽  
Irina Zaitseva ◽  
Sergey Sychev ◽  
Gennady Badin ◽  
Ilya Pavlov ◽  
...  
Keyword(s):  
Life Cycle ◽  
Life Cycle Model ◽  
Cycle Model

A Life-Cycle Model for Career Teachers

2001 ◽  
Vol 38 (1) ◽  
pp. 16-19 ◽  
Author(s):  
Betty E. Steffy ◽  
Michael P. Wolfe
Keyword(s):  
Life Cycle ◽  
Life Cycle Model ◽  
Cycle Model ◽  
Career Teachers

A Life Cycle Model of Labor Force Inequality

1998 ◽  
Vol 26 (4) ◽  
pp. 487-510 ◽  
Author(s):  
MARK D. HAYWARD ◽  
DANIEL T. LICHTER
Keyword(s):  
Life Cycle ◽  
Labor Force ◽  
Life Cycle Model ◽  
Cycle Model
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