Information shocks and precautionary saving

DOI10.1016/J.JEDC.2008.04.008MaRDI QIDQ2654435zbMATH OpenOpenAlexFDO

Authors James A. Feigenbaum

Publication date 19 January 2010

Published in Journal of Economic Dynamics and Control (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.jedc.2008.04.008

zbMATH Keywords

consumption growthconsumption humpEuler equationlife-cycle modelprecautionary savingtiming of revelation of information

Mathematics Subject Classification ID

Consumer behavior, demand theory (91B42) Economic dynamics (91B55)

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Cites work

• Accuracy in Simulations
• Buffer-Stock Saving and the Life Cycle/Permanent Income Hypothesis
• Consumption Over the Life Cycle
• Second-, third-, and higher-order consumption functions: a precautionary tale

Cited in

(19)

• Precautionary saving and subjective earnings variance
• Precautionary portfolio behavior from a life-cycle perspective
• Retirement spending and biological age
• Labor supply and the optimality of social security
• A tractable model of precautionary saving in continuous time
• Correlated income shocks and excess smoothness of consumption
• Risk pooling, precautionary saving and consumption growth.
• Precautionary saving demand and consumption dynamics with the spirit of capitalism and regime switching
• The consumption function and the precautionary demand for savings
• Precautionary saving and aggregate demand
• Loss aversion and consumption plans with stochastic reference points
• Precautionary Wealth Accumulation
• Precautionary Saving under Liquidity Constraints: A Decomposition
• Dynastic precautionary savings
• Precautionary savings, illiquid assets, and the aggregate consequences of shocks to household income risk
• A Closed-form Solution for a Model of Precautionay Saving
• Higher-order income risk over the business cycle
• Second-, third-, and higher-order consumption functions: a precautionary tale
• An approximate consumption function

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