金融学教学课件bodie2echapter05.ppt

Chapter 5:  Household Saving and Investment Decisions Contents 5.1 A Life-Cycle Model of Savings 5.2 Taking Account of Social Security 5.3 Deferring Taxes through Voluntary Retirement Plans 5.4 Should you Invest in a Professional Degree? 5.5 Should you Buy or Rent? Objectives How much to save for retirement Whether to defer taxes or pay them now Whether to get a professional degree Whether to buy or rent an apartment 5.1 A Life-Cycle Model of Saving Assume that you are currently 35 years old, expect to retire in 30 years at 65, and then live for 15 more years until 80 Your real labor inc