Consumption Over the Life Cycle
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Publication:5477771
DOI10.1111/1468-0262.00269zbMATH Open1137.91519OpenAlexW3122924543MaRDI QIDQ5477771FDOQ5477771
Authors: Pierre-Olivier Gourinchas, Jonathan A. Parker
Publication date: 29 June 2006
Published in: Econometrica (Search for Journal in Brave)
Full work available at URL: http://www.nber.org/papers/w7271.pdf
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- Second-, third-, and higher-order consumption functions: a precautionary tale
- The contribution of improved joint survival conditions to living standards: an equivalent consumption approach
- Age-dependent investing: optimal funding and investment strategies in defined contribution pension plans when members are rational life cycle financial planners
- A life-cycle model with ambiguous survival beliefs
- Does the labor-income process contain a unit root? Evidence from individual-specific time series
- Asset allocation over the life cycle: how much do taxes matter?
- Revisiting the effect of household size on consumption over the life-cycle
- Risk pooling, precautionary saving and consumption growth.
- A rank-dependent utility model of uncertain lifetime
- International portfolio choice, liquidity constraints and the home equity bias puzzle
- Social security reform and intertemporal smoothing
- Reducing government debt in the presence of inequality
- Simulation-based estimation of dynamic models with continuous equilibrium solutions
- Income risk, macroeconomic and demographic change, and economic inequality in Japan
- Intertemporal preference with loss aversion: consumption and risk-attitude
- Growth and distribution in a model with endogenous time preferences and borrowing constraints
- Equilibrium consumption and precautionary savings in a stochastically growing economy
- The individual life-cycle, annuity market imperfections and economic growth
- Labor supply and the optimality of social security
- Sunspots and credit frictions
- Risk aversion in a model of endogenous growth
- Neoclassical life-cycle consumption: A textbook example
- Optimal consumption and savings with stochastic income and recursive utility
- Equilibrium in securities markets with heterogeneous investors and unspanned income risk
- Aggregating heterogeneous-agent models with permanent income shocks
- Optimal irrational behavior in continuous time
- Short-run fiscal policy: welfare, redistribution and aggregate effects in the short and long-run
- Life-cycle stock market participation in taxable and tax-deferred accounts
- Public versus private provision of liquidity: is there a trade-off?
- The housing cost disease
- Correlated income shocks and excess smoothness of consumption
- Is wealth accumulation a luxury good?
- Price index dispersion and utilitarian social evaluation
- How important is discount rate heterogeneity for wealth inequality?
- Information shocks and precautionary saving
- Optimal life-cycle consumption and investment decisions under age-dependent risk preferences
- Life insurance decisions under recursive utility
- Occupational choice and the private equity premium puzzle
- Housing over time and over the life cycle: a structural estimation
- Estimating the rational expectations model of speculative storage: a Monte Carlo comparison of three simulation estimators
- The annuity puzzle and consumption hump under ambiguous life expectancy
- Life-cycle consumption and life insurance: empirical evidence from Italian survey
- Transitory consumption, durability and different approaches to test the life cycle model
- Numerical simulation of nonoptimal dynamic equilibrium models
- SAVINGS, INTERGENERATIONAL TRANSFERS, AND THE DISTRIBUTION OF WEALTH
- On the effects of changing mortality patterns on investment, labour and consumption under uncertainty
- Age-period-cohort decompositions using principal components and partial least squares
- Robust comparative statics for the elasticity of intertemporal substitution
- Lifecycle consumption under different income profiles: evidence and theory
- Life insurance and life settlement markets with overconfident policyholders
- The age-time-cohort problem and the identification of structural parameters in life-cycle models
- Exploring the optimal design of an employer-sponsored sickness-disability compensation insurance plan when sickness presenteeism is penalized
- Consumption and time use over the life cycle
- Health shock risk, critical illness insurance, and housing services
- Asset bubbles in an overlapping generations model with endogenous labor supply
- Life-cycle asset allocation with annuity markets
- Equivalent representations of non-exponential discounting models
- Short-term planning and the life-cycle consumption puzzle
- Consumption and portfolio decisions with uncertain lifetimes
- Intertemporal choice with health-dependent discounting
- The asset location puzzle: Taxes matter
- Consumption habits and humps
- Longevity-linked assets and pre-retirement consumption/portfolio decisions
- Indeterminacy in stochastic overlapping generations models: real effects in the long run
- Personal finance and life insurance under separation of risk aversion and elasticity of substitution
- Integrating long-term care insurance purchase decisions with saving and investment for retirement
- Non-stationary additive utility and time consistency
- Expectations-based reference-dependent life-cycle consumption
- Late career job loss and the decision to retire
- Consumption and hours in the United States and Europe
- Overreaction to capital taxation in saving decisions
- Optimal retirement savings over the life cycle: a deterministic analysis in closed form
- Life cycle asset allocation in the presence of housing and tax-deferred investing
- Statistical Learning for Individualized Asset Allocation
- Hedging recessions
- Prevention as a Giffen good
- Reconciling Trends in U.S. Male Earnings Volatility: Results from Survey and Administrative Data
- Working, consuming, and dying: quantifying the diversity in the American experience
- Loss aversion and consumption plans with stochastic reference points
- Solving life-cycle problems with biometric risk by artificial insurance markets
- Consistency properties of a simulation-based estimator for dynamic processes
- Discussion of “Transparency in Structural Research” by Isaiah Andrews, Matthew Gentzkow, and Jesse Shapiro
- Transparency in Structural Research
- Revolving credit lines and targeted search
- Doubly enhanced annuities (DEANs) and the impact of quality of long-term care under a multi-state model of activities of daily living (ADL)
- Congiuntura economica, struttura demografica e decisioni di spesa: il caso dell'Italia nella recessione del'93
- Lifetime consumption and investment with housing, deferred annuities and home equity release
- Bounded rationality and optimal retirement age
- Optimal life insurance and annuity demand under hyperbolic discounting when bequests are luxury goods
- Single moms and deadbeat dads: the role of earnings, marriage market conditions, and preference heterogeneity
- LIFE CYCLE OF PRODUCTS AND CYCLES
- Efficient nonparametric three-stage estimation of fixed effects varying coefficient panel data models
- Capital income taxation with housing
- Optimal annuitization under stochastic interest rates
- Spousal labor supply, caregiving, and the value of disability insurance
- CONSEQUENCES OF MODELING HABIT PERSISTENCE
- Accounting for social security claiming behavior
- Consumption tax cuts in a recession
- The Markov consumption problem
- How the future shapes consumption with time-inconsistent preferences
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