What did Modigliani's life-cycle hypothesis focus on?
Investment
Consumer Behavior
International Trade
Healthcare Economics
Answer
The life-cycle hypothesis proposed by Franco Modigliani focuses on consumer behaviour over their lifetime. It states that individuals seek to smooth their consumption over time, taking into account their lifetime income and wealth. In the early stages of their life cycle, individuals accumulate wealth and save for retirement.
Mastermind of Modern Economics: The Franco Modigliani Quiz
More Questions
Modigliani’s research in economics focused on which aspect of financial markets?
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Modigliani was a core member of which of these economic schools of thought?
Modigliani proposed that a firm’s value is independent of its..?
What was a significant area of study for Modigliani besides economics?
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