Information shocks and precautionary saving

DOI10.1016/J.JEDC.2008.04.008zbMATH Open1181.91123OpenAlexW2091697916MaRDI QIDQ2654435FDOQ2654435

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

Recommendations

• A Closed-form Solution for a Model of Precautionay Saving
• Precautionary saving in the presence of other risks
• The consumption function and the precautionary demand for savings
• A tractable model of precautionary saving in continuous time
• Precautionary saving in the presence of labor income and interest rate risks

zbMATH Keywords

Euler equationlife-cycle modelprecautionary savingconsumption humpconsumption growthtiming of revelation of information

Mathematics Subject Classification ID

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

Cites Work

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

Cited In (16)

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

This page was built for publication: Information shocks and precautionary saving

Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q2654435)