Quarterly Journal of Business and Economics, Vol. 27, No. 1 (Winter, 1988), pp. 83-103 (21 pages) In this review essay, the successes and failures of the life cycle model of wealth accumulation at ...

The key insight of the life cycle model in economics is that a household’s consumption at any given time is determined not so much by its current income as by the total income available to the ...

Business theorists have observed that companies go through identifiable life stages, just like individuals do. The life cycle theory also applies to products, product lines and entire industries.

also provides insights about their personal leadership abilities. The life-cycle approach encourages nonprofit executives to figure out whether their organization is in a stage of infancy, maturity, ...