A simple model of optimum life-cycle consumption with earnings uncertainty

DOI10.1016/0022-0531(89)90072-0MaRDI QIDQ1124502zbMATH OpenOpenAlexFDO

Authors Eytan Sheshinski

Publication date 1989

Published in Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL http://hdl.handle.net/1721.1/64193

zbMATH Keywords

consumer behaviorinfinite horizonexpected discounted utilityoptimum consumption path

Mathematics Subject Classification ID

Group preferences (91B10) Economic growth models (91B62)

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Cites work

• A law of large numbers in the theory of consumer's choice under uncertainty
• An income fluctuation problem
• The permanent income hypothesis and long-run economic stability
• The permanent income hypothesis: A theoretical formulation

Cited in

(8)

• The Markov consumption problem
• Optimum responses of the current account when income is uncertain
• The life-cycle model of saving with uncertain lifetime and borrowing constraint; characterization and sensitivity analysis
• Labor income, borrowing constraints, and equilibrium asset prices
• Consumption Over the Life Cycle
• Neoclassical life-cycle consumption: A textbook example
• Optimal consumption and savings with stochastic income and recursive utility
• The effects of uncertainty on optimal consumption

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