The marginal propensity to consume and multidimensional risk

DOI10.1016/J.ECONLET.2013.02.002MaRDI QIDQ2437186zbMATH OpenOpenAlexFDO

Authors Clotilde Napp, Elyès Jouini, Diego C. Nocetti

Publication date 3 March 2014

Published in Economics Letters (Search for Journal in Brave)

Full work available at URL https://halshs.archives-ouvertes.fr/halshs-00927262

zbMATH Keywords

prudencemultivariate riskmarginal propensity to consume

Mathematics Subject Classification ID

Consumer behavior, demand theory (91B42)

Recommendations

• On the Concavity of the Consumption Function
• Capital risk and consumption puzzles: A pedagogical note
• Multivariate Risk Aversion and Consumer Choice
• Increasing risk and consumption-saving decisions. Some comparative statics results
• The distribution of wealth and the marginal propensity to consume

Cites work

• Correlated risks, bivariate utility and optimal choices
• On multivariate prudence
• On the Concavity of the Consumption Function
• Precautionary saving in the presence of other risks
• Precautionary saving in the presence of other risks: a comment
• Risk Aversion in the Small and in the Large

Cited in

(3)

• The distribution of wealth and the marginal propensity to consume
• Quantifying the Cost of Risk in Consumption
• The marginal propensity to earn and consume out of unearned income: evidence using an unusually large cash grant reform

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