Demographic Economics: Studying the Changing Patterns of Consumption and Saving

3 min read

Fundamentally, a large part of the total income of an economy comprises the patterns of consumption and savings which is highly affected by the aging individuals and the constantly changing demographics of that country. All the world’s a stage,  And all the men and women merely players. That’s how William Shakespeare creates an unexampled analogy between the world and a stage, and its men and players. Coincidentally, even modern-day economics treats men and women as ‘rational players’. But do all ‘players’ contribute to the economy equally? If not, then how can we categorise them into groups? The answer to this…...

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Shereein Saraf Shereein Saraf is a student of economics interested in questions related to development, ranging from health and education to labour and insurance. As you might have guessed, she is one of those who can explain anything and everything using graphs and equations. However, she writes about the most perplexing development phenomena using none of these prominent economist's tools. She believes her work is coherent but at the same time develops a curiosity in the reader's mind to know much more about it and go beyond the scope of the article and the views presented in it. She is currently pursuing her undergraduate studies in economics at Shri ram College of Commerce, University of Delhi. Having interned as Government and Public Sector Consultant with PwC and volunteered at Goonj, an NGO based out of Delhi, she has gained an all-embracing experience. Hoping to proceed with her postgraduate studies in economics, she wants to build a better and more informed world around her.