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The Volatility Trap : Precautionary Saving, Investment, and Aggregate Risk
Cherif, Reda - 2012
We study the effects of permanent and temporary income shocks on precautionary saving and investment in a ""store-or-sow"" model of growth. High volatility of permanent shocks results in high precautionary saving in the safe asset and low investment, or a ""volatility trap."" Namely, big savers...
Persistent link: https://www.econbiz.de/10014396572
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Income volatility and saving decisions : experimental evidence
Wang-Ly, Nathan; Newell, Benjamin R. - In: Journal of behavioral and experimental finance 43 (2024), pp. 1-19
Persistent link: https://www.econbiz.de/10015076695
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International capital flows, external assets and output volatility : conference paper
Hoffmann, Mathias; Krause, Michael; Tillmann, Peter - 2014 - Preliminary version: March 1, 2014
increases households' precautionary savings. In the model, the combination of income risk and the precautionary savings motive …
Persistent link: https://www.econbiz.de/10010487744
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Precautionary Savings and Global Imbalances in World General Equilibrium
Sandri, Damiano - 2011
In this paper we assess the implications of precautionary savings for global imbalances by considering a world economy …
Persistent link: https://www.econbiz.de/10013123991
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Precautionary Savings and Global Imbalances in World General Equilibrium
Sandri, Damiano - 2011
In this paper we assess the implications of precautionary savings for global imbalances by considering a world economy …
Persistent link: https://www.econbiz.de/10014399356
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Asset pricing in OLG economies with borrowing constraints and idiosyncratic income risk
Harenberg, Daniel - 2018
This paper analyzes how the combination of borrowing constraints and idiosyncratic risk affects the equity premium in … idiosyncratic risk increases the equity premium by 70 percent, which means that the mechanism described in Constantinides, Donaldson … the zero-borrowing constraint is a lot weaker. More surprisingly, when I introduce idiosyncratic labor income risk in an …
Persistent link: https://www.econbiz.de/10011900994
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Optimal VIX-linked structure for the target benefit pension plan
Lv, Chen; Li, Danping; Wang, Yumin; Zhu, Xiaobai - In: ASTIN bulletin : the journal of the International … 54 (2024) 1, pp. 75-93
Persistent link: https://www.econbiz.de/10014485596
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Three essays in applied microeconomics and labor economics
Nargis, Nigar - 2003
Persistent link: https://www.econbiz.de/10003623898
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Political uncertainty, the formation of new activities and growth
Aizenman, Joshua - In: The political dimension of economic growth : …, (pp. 154-170). 1998
Persistent link: https://www.econbiz.de/10001323773
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Capital and inequality
Mirrlees, James A. - In: Contemporary economic policy : a journal of Western … 34 (2016) 3, pp. 399-402
Persistent link: https://www.econbiz.de/10011684752