The challenges of sustaining those levels of consumption in an era of population aging are what the report and the project are all about.
Tuesday, October 4, 2011
NTA Project: Old Folks are Doing OK Worldwide
A new book by the folks behind the National Transfer Account Project has a bunch of findings, but one in particular that stood out was mentioned by Ron Lee and Andy Mason at the book's launching in Manhattan last month. Contrary to what they thought they'd find, average consumption does not seem to fall appreciably in old age even in developing countries.
