Macroeconomics 12th Edition by Rudiger Dornbusch ,Stanley Fischer,Richard Startz

تمرين 6

The United States, during the 1980s, found its rate of personal saving to be particularly low. It also, during that time, had a demographic blip-the baby-boomer generation, then in its late 20s to early 30s.
a. Does the life-cycle hypothesis suggest a reason that these two facts might be connected
b. What does this hypothesis suggest we should see as this generation ages