dissave

present singular third person dissaves · participle present dissaving · participle past dissaved · past dissaved

1. To spend more than one earns.

   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.

   2019, David Romer, Advanced Macroeconomics, 5th edition, McGraw-Hill, page 665

   2 more 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.

   1997, Jürgen Eichberger, Ian R. Harper, Financial Economics, Oxford University Press, page 94

   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]

   2018, Lars Ljungqvist and Thomas J. Sargent, Recursive macroeconomic theory, 4th edition, MIT Press, page 25