The "Life Cycle" Hypothesis of Saving: Aggregate Implications and Tests

By A. Ando, F. Modigliani. 2007

2,035 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/09a6cdf6c7b224e78ae76628b2b0496a43b1695d

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Citations in the corpus

Sustaining Small and Medium Enterprises through Financial Service Utilization: Does Financial Literacy Matter? (2011, background): “Based on the life cycle hypothesis by Ando and Modigliani (1963), economic agents derive utility from consumption/savings over their lifetime.”
Wealth Effects on Consumption - Evidence from the Euro Area (2009, unknown): “Wealth can influence economic activity through four major channels: (i) the (wealth) effect on consumption (Ando and Modigliani, 1963; Modigliani and Tarantelli, 1975); (ii) the Q effect on investment (Tobin, 1969); (iii) the credit channel (Roosa, 1951; Bernanke and Gertler, 1995); and (iv) the…”
Access to Finance (2010, unknown): “The lifecycle hypothesis (Modigliani, 1986; Ando and Modigliani, 1963) remains the most influential model of savings.”
The New Palgrave Dictionary of Economics Online (2008, background): “Additional asset price channels are highlighted by Tobin's (1969) q-theory of investment and Ando and Modigliani's (1963) life-cycle theory of consumption.”
Utilizing the Theory of Planned Behavior to Understand Convenience Use of Credit Cards (2009, unknown): “However, Kim and DeVaney (2001) found that age follows the life-cycle hypothesis pattern (Ando & Modigliani, 1963) and as a result has a curvilinear relationship with outstanding credit balances.”
Wage-led versus profit-led demand regimes: the long and the short of it (2016, background): “This difference was the basis for many of the classic theories of the consumption function, including Duesenberry’s (1949) ‘relative income’ hypothesis, Friedman’s (1957) ‘permanent income’ hypothesis, and Ando and Modigliani’s (1963) ‘life-cycle’ hypothesis.”
The Co-Evolution of Organizational Value Capture, Value Creation and Sustainable Advantage (2009, unknown): “I @ B 8 - 3 6 8 # 7 F 6”
Effect of Personal Financial Knowledge on College Students’ Credit Card Behavior (2009, background): “According to the life-cycle hypothesis, individuals strive to have a constant consumption path through life (See Ando & Modigliani (1963) for a formal discussion of this hypothesis).”
Antecedents and consequences of Personal Financial Management Behavior: a systematic literature review and future research agenda (2021, background): “Further, the life cycle hypothesis of savings explains the PFMB by assuming that individuals consume a uniform portion of their income over the life cycle and are not born with inheritance and die without leaving a bequest (Ando and Modigliani, 1963).”
The impact of migrant remittances on household welfare in Ghana (2006, result): “This argument is supported by the life-cycle hypothesis, which postulates that demographic variables affect consumption or welfare (Ando and Modigliani, 1963).”