Mych04b - Chapter 4 Saving, Consumption, and Investment...

Info iconThis preview shows pages 1–4. Sign up to view the full content.

View Full Document Right Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Chapter 4 Saving, Consumption, and Investment (cont.) 1 We continue to go through the basic theory, from static equilibrium to comparative statics, to policy implications. But then we branch out into a broad range of individual and distinct applications which are valuable to the real world, and illustrate how theory and policy practice meet, but leave out much of the historical evidence in the text. Birth rate High High Low Death rate High Low Low Falling Death Rate Falling Birth Rate Time Life Cycle Saving - Implication on Economic Development Demographic transition : 2 3 Japan Korea Taiwan China 1960 1200 240 3600 480 60 0 0-4 5-9 10-14 15-19 20-24 25-29 30-34 35-39 40-44 45-49 50-54 55-59 60-64 65-69 70-74 75-79 80-84 85-89 90-94 95-99 100+ 1200 2400 3600 4800 6000 500 1000 1500 2000 2500 0-4 5-9 10-14 15-19 20-24 25-29 30-34 35-39 40-44 45-49 50-54 55-59 60-64 65-69 70-74 75-79 80-84 85-89 90-94 95-99 100+ 500 1000 1500 2000 2500 240 480 720 960 1200 0-4 5-9 10-14 15-19 20-24 25-29 30-34 35-39 40-44 45-49 50-54 55-59 60-64 65-69 70-74 75-79 80-84 85-89 90-94 95-99 100+ 240 480 720 960 1200 1400 28000 4200 56000 700 0 0-4 5-9 10-14 15-19 20-24 25-29 30-34 35-39 40-44 45-49 50-54 55-59 60-64 65-69 70-74 75-79 80-84 85-89 90-94 95-99 100+ 14000 28000 42000 56000 70 00 AGE → 1980 1200 2400 3600 4800 6000 0-4 5-9 10-14 15-19 20-24 25-29 30-34 35-39 40-44 45-49 50-54 55-59 60-64 65-69 70-74 75-79 80-84 85-89 90-94 95-99 100+ 1200 2400 3600 4800 6000 50 1000 150 200 2500 0-4 5-9 10-14 15-19 20-24 25-29 30-34 35-39 40-44 45-49 50-54 55-59 60-64 65-69 70-74 75-79 80-84 85-89 90-94 95-99 100+ 500 1000 1500 2000 2500 240 480 720 960 1200 0-4 5-9 10-14 15-19 20-24 25-29 30-34 35-39 40-44 45-49 50-54 55-59 60-64 65-69 70-74 75-79 80-84 85-89 90-94 95-99 100+ 240 480 720 960 1200 14000 28000 42000 56000 70000 0-4 5-9 10-14 15-19 20-24 25-29 30-34 35-39 40-44 45-49 50-54 55-59 60-64 65-69 70-74 75-79 80-84 85-89 90-94 95-99 100+ 14000 28000 42000 56000 70000 2000 1200 2400 3600 4800 6000 0-4 5-9 10-14 15-19 20-24 25-29 30-34 35-39 40-44 45-49 50-54 55-59 60-64 65-69 70-74 75-79 80-84 85-89 90-94 95-99 100+ 1200 2400 3600 4800 6000 500 1000 1500 200 2500 0-4 5-9 10-14 15-19 20-24 25-29 30-34 35-39 40-44 45-49 50-54 55-59 60-64 65-69 70-74 75-79 80-84 85-89 90-94 95-99 100+ 500 10 0 1500 200 250 240 480 720 960 1200 0-4 5-9 10-14 15-19 20-24 25-29 30-34 35-39 40-44 45-49 50-54 55-59 60-64 65-69 70-74 75-79 80-84 85-89 90-94 95-99 100+ 240 480 720 960 1200 1400 28000 4200 56000 700 0 0-4 5-9 10-14 15-19 20-24 25-29 30-34 35-39 40-44 45-49 50-54 55-59 60-64 65-69 70-74 75-79 80-84 85-89 90-94 95-99 100+ 14000 28000 42000 56000 70 00 2005 1200 2400 3600 4800 6000 0-4 5-9 10-14 15-19 20-24 25-29 30-34 35-39 40-44 45-49 50-54 55-59 60-64 65-69 70-74 75-79 80-84 85-89 90-94 95-99 100+ 1200 2400 3600 4800 6000 500 1000 1500 2000 2500 0-4 5-9 10-14 15-19 20-24 25-29 30-34 35-39 40-44 45-49 50-54 55-59 60-64 65-69 70-74 75-79 80-84 85-89 90-94 95-99 100+ 500 1000 1500...
View Full Document

This note was uploaded on 03/10/2010 for the course ECON 3140 taught by Professor Mbiekop during the Spring '07 term at Cornell.

Page1 / 40

Mych04b - Chapter 4 Saving, Consumption, and Investment...

This preview shows document pages 1 - 4. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online