Precautionary saving demand and consumption dynamics with the spirit of capitalism and regime switching

DOI10.1016/j.jmateco.2016.03.006zbMath1368.91151OpenAlexW2320093928MaRDI QIDQ298369

Hai-Jun Wang

Publication date: 20 June 2016

Published in: Journal of Mathematical Economics (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jmateco.2016.03.006

zbMATH Keywords

learningregime switchingconsumption dynamicsprecautionary saving demandthe spirit of capitalism

Mathematics Subject Classification ID

Economic growth models (91B62) Applications of stochastic analysis (to PDEs, etc.) (60H30) Portfolio theory (91G10)

Cites Work

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• Dynamic portfolio choice under ambiguity and regime switching mean returns
• Optimal portfolio choice for unobservable and regime-switching mean returns
• Stochastic growth with social-status concern: the existence of a unique stable distribution
• On contiguity of probability measures corresponding to semimartingales
• Status, risk-taking and intertemporal substitution in an endogenous growth model
• Relative wealth, consumption taxation, and economic growth
• Direct preferences for wealth, the risk premium puzzle, growth, and policy effectiveness

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