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:
- 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 ...
- 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 ...
- 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 ...
- 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 ...
- 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.
- 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 ...
- 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 ...
- 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 ...