Showing 1 - 8 of 8
Persistent link: https://www.econbiz.de/10002116209
Persistent link: https://www.econbiz.de/10003333380
Persistent link: https://www.econbiz.de/10002127385
Persistent link: https://www.econbiz.de/10001987677
Persistent link: https://www.econbiz.de/10001851284
Persistent link: https://www.econbiz.de/10001739271
Persistent link: https://www.econbiz.de/10001921618
This paper studies a discrete-time utility maximization problem of an infinitely-lived quasi-geometric consumer whose labour income is subject to uninsurable idiosyncratic productivity shocks. We restrict attention to a first-order Markov recursive solution. We show that under the assumption of...
Persistent link: https://www.econbiz.de/10014072717