Consumption Over the Life Cycle

From MaRDI portal
Publication:5477771

DOI10.1111/1468-0262.00269zbMath1137.91519OpenAlexW3122924543MaRDI QIDQ5477771

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




Related Items

Intertemporal preference with loss aversion: consumption and risk-attitudeSimulation-based estimation of dynamic models with continuous equilibrium solutionsOptimal life-cycle consumption and investment decisions under age-dependent risk preferencesRisk aversion in a model of endogenous growthWorking, consuming, and dying: quantifying the diversity in the American experienceOptimal consumption and savings with stochastic income and recursive utilityLife-cycle stock market participation in taxable and tax-deferred accountsAge–period–cohort decompositions using principal components and partial least squaresGrowth and distribution in a model with endogenous time preferences and borrowing constraintsLifetime consumption and investment with housing, deferred annuities and home equity releaseCONSUMPTION AND TIME USE OVER THE LIFE CYCLEReducing government debt in the presence of inequalityThe housing cost diseaseLabor supply and the optimality of social securityA rank-dependent utility model of uncertain lifetimePublic versus private provision of liquidity: is there a trade-off?Life-cycle asset allocation with annuity marketsInformation shocks and precautionary savingConsumption habits and humpsLongevity-linked assets and pre-retirement consumption/portfolio decisionsRevolving credit lines and targeted searchOptimal irrational behavior in continuous timeShort-run fiscal policy: welfare, redistribution and aggregate effects in the short and long-runOptimal life insurance and annuity demand under hyperbolic discounting when bequests are luxury goodsIs wealth accumulation a luxury good?On the effects of changing mortality patterns on investment, labour and consumption under uncertaintyPrice index dispersion and utilitarian social evaluationLoss Aversion and Consumption Plans with Stochastic Reference PointsLife-cycle consumption and life insurance: empirical evidence from Italian surveyRobust comparative statics for the elasticity of intertemporal substitutionOptimal retirement savings over the life cycle: a deterministic analysis in closed formConsumption and portfolio decisions with uncertain lifetimesCapital income taxation with housingBounded rationality and optimal retirement ageHOUSING OVER TIME AND OVER THE LIFE CYCLE: A STRUCTURAL ESTIMATIONDoubly Enhanced Annuities (DEANs) and the Impact of Quality of Long-Term Care under a Multi-State Model of Activities of Daily Living (ADL)How the future shapes consumption with time-inconsistent preferencesEquilibrium in securities markets with heterogeneous investors and unspanned income riskStatistical Learning for Individualized Asset AllocationThe Markov consumption problemUnnamed ItemIncome risk, macroeconomic and demographic change, and economic inequality in JapanThe individual life-cycle, annuity market imperfections and economic growthLife insurance and life settlement markets with overconfident policyholdersAsset bubbles in an overlapping generations model with endogenous labor supplySINGLE MOMS AND DEADBEAT DADS: THE ROLE OF EARNINGS, MARRIAGE MARKET CONDITIONS, AND PREFERENCE HETEROGENEITYThe annuity puzzle and consumption hump under ambiguous life expectancyIntegrating long-term care insurance purchase decisions with saving and investment for retirementIntertemporal choice with health-dependent discountingPrevention as a Giffen goodEquivalent representations of non-exponential discounting modelsNUMERICAL SIMULATION OF NONOPTIMAL DYNAMIC EQUILIBRIUM MODELSInternational portfolio choice, liquidity constraints and the home equity bias puzzleIndeterminacy in stochastic overlapping generations models: real effects in the long runDoes the labor-income process contain a unit root? Evidence from individual-specific time seriesCorrelated income shocks and excess smoothness of consumptionAggregating heterogeneous-agent models with permanent income shocksAsset allocation over the life cycle: how much do taxes matter?Revisiting the effect of household size on consumption over the life-cycleLife cycle asset allocation in the presence of housing and tax-deferred investingSecond-, third-, and higher-order consumption functions: a precautionary taleAge-dependent investing: optimal funding and investment strategies in defined contribution pension plans when members are rational life cycle financial plannersOccupational choice and the private equity premium puzzleEquilibrium consumption and precautionary savings in a stochastically growing economySUNSPOTS AND CREDIT FRICTIONSSocial security reform and intertemporal smoothingLife insurance decisions under recursive utilityConsistency properties of a simulation-based estimator for dynamic processesThe asset location puzzle: Taxes matterExploring the Optimal Design of an Employer-Sponsored Sickness-Disability Compensation Insurance Plan When Sickness Presenteeism Is PenalizedA life-cycle model with ambiguous survival beliefsShort-term planning and the life-cycle consumption puzzleNon-stationary additive utility and time consistencyHealth shock risk, critical illness insurance, and housing servicesLATE CAREER JOB LOSS AND THE DECISION TO RETIREHow important is discount rate heterogeneity for wealth inequality?CONSEQUENCES OF MODELING HABIT PERSISTENCESAVINGS, INTERGENERATIONAL TRANSFERS, AND THE DISTRIBUTION OF WEALTHEstimating the rational expectations model of speculative storage: a Monte Carlo comparison of three simulation estimatorsHedging recessionsConsumption and hours in the United States and EuropeOverreaction to capital taxation in saving decisionsSolving life-cycle problems with biometric risk by artificial insurance marketsPersonal finance and life insurance under separation of risk aversion and elasticity of substitutionThe contribution of improved joint survival conditions to living standards: an equivalent consumption approach




This page was built for publication: Consumption Over the Life Cycle