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

DOI10.1016/0165-1765(94)00608-5zbMATH Open0900.90205OpenAlexW2089148360MaRDI QIDQ672907FDOQ672907

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

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
• An interpretation of the condition for precautionary saving: the case of greater higher-order interest rate risk
• Revisiting precautionary saving under ambiguity
• Precautionary saving: a taxonomy of prudence

zbMATH Keywords

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

Mathematics Subject Classification ID

Cites Work

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

Cited In (1)

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

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