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Income Distribution, Consumption, and Economic Growth in Italy: Kaldor's Theory versus the Life Cycle Hypothesis, 1960s and 1970s.

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    • Abstract:
      The article highlights the income distribution, consumption, and economic growth in Italy. It mentions the analyses of saving and of financial markets that referred to the great impact of the life cycle model on the development of later theoretical and empirical research and also highlights that the life cycle hypothesis encountered very cold reactions in Italy.