Insurance and saving: some further results (Q795460)
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| Language | Label | Description | Also known as |
|---|---|---|---|
| English | Insurance and saving: some further results |
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Insurance and saving: some further results (English)
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1984
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An economical model is presented that allows for a joint treatment of decisions concerning saving and insurance. Conditions are given under which a separation theorem between consumption, insurance and deposits holds, and it is shown that under decreasing temporal risk aversion deposits and insurance are pure substitutes in the ''Hicksian'' sense.
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substitutes
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saving
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separation theorem
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consumption
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insurance
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deposits
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risk aversion
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