A measure of the sensitivity of saving to interest rate uncertainty with non-expected preferences

DOI10.1016/0165-1765(94)00608-5MaRDI QIDQ672907zbMATH OpenOpenAlexFDO

Authors Eric Langlais

Publication date 28 February 1997

Published in Economics Letters (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/0165-1765(94)00608-5

zbMATH Keywords

Non-expected preferencesPrecautionary premium for interest rate uncertaintyPrecautionary savingPrudence and risk aversion

Mathematics Subject Classification ID

Recommendations

• Precautionary saving in the presence of labor income and interest rate risks
• A new interpretation of the condition for precautionary saving in the presence of an interest-rate risk
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• Revisiting precautionary saving under ambiguity
• Precautionary saving: a taxonomy of prudence

Cites work

• A Closed-form Solution for a Model of Precautionay Saving
• A Consumption-Oriented Theory of the Demand for Financial Assets and the Term Structure of Interest Rates
• A New Representation of Preferences over "Certain x Uncertain" Consumption Pairs: The "Ordinal Certainty Equivalent" Hypothesis
• An OCE Analysis of the Effect of Uncertainty on Saving Under Risk Preference Independence
• Precautionary Savings and the Permanent Income Hypothesis
• Substitution, Risk Aversion, and the Temporal Behavior of Consumption and Asset Returns: A Theoretical Framework
• Temporal Resolution of Uncertainty and Dynamic Choice Theory
• The consumption function and the precautionary demand for savings

Cited in

(1)

• Comparative risk aversion: a formal approach with applications to saving behavior

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