This book fills the gap between the classical supply-side theory of Malthus and the modern demand-side theory of economic demography. Specifically, it investigates the dynamic macroeconomic implications of various static microeconomic-family economic decisions. It is within this framework that Professor Chu studies the income distribution, the attitude composition, the job structure, and the savings (including pensions) of the population. Chu applies a mathematical apparatus, the theory of branching processes, to his problem, and supplies the reader with much detail and several discursive discussions on the topic. Graduate-level students, professors, and professional economists will be interested in Chu's efforts.
Reviews
An innovative study with clearly presented work which provides a useful contribution to the development of economic thought in this field - Aslib book guide, Vol 64 No. 5 May 1999



Book Information
ISBN 9780195121582
Author C. Y. Cyrus Chu
Format Hardback
Page Count 240
Imprint Oxford University Press Inc
Publisher Oxford University Press Inc
Weight(grams) 531g
Dimensions(mm) 162mm * 234mm * 21mm