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

Euler equationlife-cycle modelprecautionary savingconsumption humpconsumption growthtiming 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

(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

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