Exchange Currency

consumption smoothing

A financial planning process that seeks to achieve a balance between the desire for a high standard of living and the need to accumulate sufficient assets for a secure retirement by "smoothing" out consumption behavior during the earning years. The process combines a gradual reduction in standard of living over a period of time with a greater emphasis on retirement savings.

Related information about consumption smoothing:
  1. Consumption smoothing - Wikipedia, the free encyclopedia
    Consumption smoothing is the economic concept used to express the desire of people to have a stable path of consumption. Since Milton Friedman's permanent ...
     
  2. Consumption Smoothing Definition | Investopedia
    The ways in which people try to optimize their lifetime standard of living by ensuring a proper balance of spending and saving during the different phases of their ...
     
  3. Life-Cycle Consumption Smoothing | ESPlanner Inc.
    ESPlanner balances consuming in the present with consuming in the future. ESPlanner's annual discretionary spending recommendations help you attain a ...
     
  4. The Consumption Smoothing Benefits of Unemployment ... - JStor
    The Consumption Smoothing Benefits of Unemployment Insurance. By JONATHAN GRUBER *. Over the past 25 years, spending on social insurance programs ...
     
  5. The consumption smoothing benefits of unemployment insurance
    The consumption smoothing benefits of unemployment insurance. Jonathan Gruber. The American Economic Review; Mar 1997; 87, 1; ABI/INFORM Global pg.
     
  6. Exploring Consumption Smoothing: An Alternative Path To ...
    Oct 22, 2008 ... Note that consumption smoothing can be very different from what other traditional methods propose. For example, one traditional goal is to ...
     
  7. Consumption Smoothing and You: Save While the Saving's Good
    Jul 9, 2008 ... You've heard it all before... If you want to retire comfortably, you need to save a fixed percentage of your income year in and year out until the ...
     
  8. Consumption smoothing and the welfare consequences of social ...
    Consumption smoothing and the welfare consequences of social insurance in developing economies. Raj Chetty a,⁎. , Adam Looney b a UC-Berkeley and ...