realizations is front loaded, a closed form aggregate consumption function with CRRA preferences is derived. To have a closed form … life-time wealth and then the optimal consumption path. The derived model captures precautionary saving, which is dependent ….S. consumption data. …

In this paper we examine the link between wage inequality and consumption inequality using a life cycle model that … incorporates household consumption and family labour supply decisions. We derive analytical expressions based on approximations for … the dynamics of consumption, hours, and earnings of two earners in the presence of correlated wage shocks, non …

. -- Consumption/Saving Forecast ; Credit Crunch ; Financial Crisis …

Various deviations from the Permanent Income consumption model with rational expectations have been discussed in the … literature, including loss aversion and liquidity constraints. In the existing literature, these two types of consumption … asymmetry are usually considered as mutually exclusive. Using a single data set for US personal consumption, income and wealth …

realizations is front-loaded, a closed form aggregate consumption function with CRRA preferences is derived. To have a closed form …-adjusted life-time wealth and then the optimal consumption path. The derived model captures precautionary saving, which is dependent ….S. consumption data …

in order to analyze the health-related risks of consumption and old age poverty. In particular, the model includes a …This paper proposes a dynamic life cycle model of health risks, employment, early retirement, and wealth accumulation … health process, the interaction between health and employment risks, and an explicit modeling of the German public insurance …

in order to analyze the health-related risks of consumption and old age poverty. In particular, the model includes a …This paper proposes a dynamic life cycle model of health risks, employment, early retirement, and wealth accumulation … health process, the interaction between health and employment risks, and an explicit modeling of the German public insurance …

Based on a dynamic life cycle model, this study analyzes health-related risks of consumption and old-age poverty. The … account for differences in the longevity risk by health status can effectively reduce the consumption risks, but only slightly … model allows for health effects on employment risks, on productivity, on longevity, the correlation between health risks …

Based on a dynamic life cycle model, this study analyzes health-related risks of consumption and old-age poverty. The … for differences in the longevity risk by health status can effectively reduce the consumption risks, but only slightly … model allows for health effects on employment risks, on productivity, on longevity, the correlation between health risks …