Optimal consumption, the interest rate and wage uncertainty

DOI10.1016/0165-1765(86)90180-1zbMath1328.91174OpenAlexW2057466334MaRDI QIDQ899836

David S. Sibley, David Levhari

Publication date: 1 January 2016

Published in: Economics Letters (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/0165-1765(86)90180-1

Mathematics Subject Classification ID

Interest rates, asset pricing, etc. (stochastic models) (91G30) Consumer behavior, demand theory (91B42)

Cites Work

• Optimum consumption and portfolio rules in a continuous-time model
• Permanent and transitory income effects in a model of optimal consumption with wage income uncertainty
• A law of large numbers in the theory of consumer's choice under uncertainty
• The permanent income hypothesis: A theoretical formulation
• Capital Accumulation under Uncertainty
• Optimal Consumption with a Stochastic Income Stream

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