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Franco Modigliani: Another Nobel Laureate in Economics Who Was Focused on 401(k) Plans
Plan Sponsor Council of America [PSCA] 
Dec. 5, 2017 "Franco Modigliani [was] the 1985 winner of the Alfred Nobel Memorial Prize in Economic Sciences for his pioneering analyses of saving, and specifically his life-cycle hypothesis of household saving.... Modigliani and Brumberg's model is a micro-economic study of savings behavior. Since consumption is distributed over a lifetime, they argued that workers naturally build up a stock of wealth while active that would be consumed during old age." MORE >> |
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