We document systematic and significant time variation in US lifecycle non-durable consumption profiles. Consumption … profiles have consistently become flatter: differences in consumption across generations have decreased. Pooling data across …-shaped consumption age profiles. The main driver behind lifecycle consumption variations are lifecycle income changes, which display …

an AK technology, a model of balanced growth. In this context we investigate status preference, demographic, and pension … policy shocks. We find that a higher degree of KUJ lowers economic growth, while, in contrast, a decrease in the fertility … that the growth rate is higher under PAYG. We also consider the implications of an increase in the retirement date under …

We examine the impact of demographic structure, the proportion of the population in each age group, on growth, savings …

grow considerably faster than HCE of survivors. We explore the impact of these findings on the simulation of future HCE and …

The paper uses a continuous-time overlapping-generations model with endogenous growth and pollution accumulation over …