Several models of economic behavior currently compete for an explanation of individual wealth accumulation and savings …, during which time expected earnings are zero. We find that income uncertainty can alter savings patterns over the lifecycle …

Several models of economic behavior currently compete for an explanation of individual wealth accumulation and savings …, during which time expected earnings are zero. We find that income uncertainty can alter savings patterns over the lifecycle …

We study the effect on savings of an increase in the capital risk of the investment opportunities when the … individuals with high risk-aversion and time-separable, power utility increase their optimal savings when capital risk increases …