Fatás, Enrique; Lacomba, Juan A.; Lagos, Francisco; … - In: SERIEs : Journal of the Spanish Economic Association 4 (2013) 4, pp. 393-413
an inter-temporal decision-making setting. Subjects make consumption and saving decisions in an environment with two … than consuming too much during their income periods, subjects show a persistent precautionary saving behavior and over …This article examines the potential risks on consumption behavior of lumpsum payments. As a pension, lump-sum payments …
