dissave

Definitions

To spend more than one earns.

Equivalents

Examples

“The ith consumer's choice set⟳ is depicted in Figure⟳ 3.3 as a single point⟳. It is not possible for the consumer to exploit gains from trade⟳ between dates (by saving/dissaving) within the constraints imposed by the spot market economy.”

“In chapter 21, we shall follow⟳ Cole and Kocherlakota (2001) by allowing the household to save⟳ (but not to dissave) a risk-free asset that bears fixed gross interest⟳ rate R#61;#92;beta#123;-1#125;. [emphasis in original]”

“In [the Diamond overlapping-generations model⟳], each individual saves early in life and dissaves later in life. As a result⟳, at any time some individuals have⟳ saved and not yet dissaved.”

CEFR level