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Life-cycle theory makes its first appearance in two papers that Modigliani wrote in the early. 1950s with a graduate student, Richard Brumberg, Modigliani and Brumberg (1954) and. Modigliani and Brumberg (1980) . The implications of the theory were too rich to be easily.
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FRANCO MODIGLIANI. Sloan School of Management, Massachusetts Institute of Technology, Cam-bridge, MA. Introduction This paper provides a review of the theory of the determinants of individual and national thrift that has come to be known as the Life Cycle Hypothesis (LCH) of saving. Applications to some current policy issues are also discussed.
Franco Modigliani (18 June 1918 – 25 September 2003) [1] was an Italian-American economist and the recipient of the 1985 Nobel Memorial Prize in Economics. He was a professor at University of Illinois at Urbana–Champaign , Carnegie Mellon University , and MIT Sloan School of Management .
Oct 1, 2003 · Modigliani's final collaborator was his granddaughter Leah, a vice president with Morgan Stanley in New York. Modigliani's work in economics arose from the ideas of John Maynard Keynes. He contributed the "life-cycle hypothesis," a theory about how people save for retirement that has aided countries to formulate pension plans.
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Modigliani was born on June 18, 1918, in Rome, Italy. His father, Enrico Modigliani, was a prominent pediatrician and his mother, Olga Flaschel Modigliani, was a volunteer social worker. He described himself in his autobiography for the Nobel Prizecommittee as being a "good" student "though not outstanding." When he was 13 his father died unexpecte...
When it was apparent that Modigliani would not be returning to Europe for quite a long time, he enrolled at the New School for Social Research in New York City and was awarded with a free tuition scholarship by the Graduate Faculty of Political and Social Science. The New School had been newly created and provided an academic haven for many Europea...
Modigliani was announced as the recipient of the 1985 Nobel Prize for Economics in October 1985, the 13th American to win the prize since its establishment in 1969. David Warsh of the Boston Globe broke the story on the local honoree that was more than simply one expressing Modigliani's pleasure in receiving the nod. "After receiving news of the aw...
Boston Globe,October 16, 1985; December 5, 1985. CFO, The Magazine for Senior Financial Executives,November 2003. Economist,October 4, 2003. The Guardian,October 1, 2003. MIT News,September 25, 2003. Science,November 7, 1986.
" Adventures of an Economist, by Franco Modigliani," Texere Publishing website,http://www.etexere.com(January 16, 2004). "Dining With Nobel Laureate Franco Modigliani," Massachusetts Institute of Technology (MIT) News website,http://www-tech.mit.edu(January 16, 2004). "Franco Modigliani," New School for Social Research website,http://cepa.newschool...
Jul 27, 2023 · Moreover, at the end of 1946 Modigliani presented the first version of his 1949 paper at the AEA Conference, whose shorter version was published in Social Research the following year (see Modigliani Citation 1947a). The collaboration between Modigliani and Neisser is also documented by Modigliani’s acknowledgements of Neisser’s support and advice contained in his 1947a and 1949 articles.
I was born in Rome, Italy, the son of Enrico Modigliani and Olga Flaschel. My father was a leading pediatrician in the city and my mother was a volunteer social worker. My school performance in the early years was good though not outstanding. Then, in 1932, a major trauma occurred. My father died as a consequence of an operation.
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