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

DOI10.1016/0165-1765(94)00608-5zbMath0900.90205OpenAlexW2089148360MaRDI QIDQ672907

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

Precautionary savingNon-expected preferencesPrecautionary premium for interest rate uncertaintyPrudence and risk aversion

Mathematics Subject Classification ID

Related Items (1)

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

Cites Work

• The consumption function and the precautionary demand for savings
• Temporal Resolution of Uncertainty and Dynamic Choice Theory
• 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
• Substitution, Risk Aversion, and the Temporal Behavior of Consumption and Asset Returns: A Theoretical Framework
• Precautionary Savings and the Permanent Income Hypothesis
• 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

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