In this paper the effects on aggregate consumption of changes in the age distribution of the population are analysed … empirically. Economic theories predict that age influences individuals’ saving and consumption behaviour. Despite this, age … structure effects are rarely controlled for in empirical consumption functions. Our findings suggest that they should. By …

China's growth is characterized by massive capital accumulation, made possible by high and increasing domestic savings …. In this paper we develop a model with the aim of explaining why savings rates have been high and increasing, and we … investigate the general equilibrium effects on capital accumulation and growth. We show that increased savings and capital …