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Kotlikoff, Laurence J. - 1987

savings? Is it primarily accumulation for retirement as claimed by Albert Ando, Richard Brumberg, and Franco Modigliani in … their celebrated Life Cycle Model of Savings? Is it primarily intentional accumulation for intergenerational transfers? Or … is it primarily precautionary savings, much of which may be bequeathed because of imperfections in annuity markets? This …

Persistent link: https://www.econbiz.de/10012476831

Does Saving Anticipate Declining Labor Income? An Alternative Test of the Permanent Income Hypothesis

Campbell, John Y. - 1986

The permanent income hypothesis implies that people save because they rationally expect their labor income to decline; they save "for a rainy day". It follows that saving should be at least as good a predictor of declines in labor income as any other forecast that can be constructed from publicly...

Persistent link: https://www.econbiz.de/10012477272

Precautionary Saving and Partially Observed Income

Wang, Neng - 2011

larger wealth accumulated from savings for estimation risk. The utility cost of ignoring estimation risk is also quantified …

Persistent link: https://www.econbiz.de/10012757190

Liquidity constraints and precautionary saving

Carroll, Chris; Holm, Martin Blomhoff; Kimball, Miles S. - In: Journal of economic theory 195 (2021), pp. 1-21

Persistent link: https://www.econbiz.de/10012813296

The savings multiplier

Mehlum, Halvor; Torvik, Ragnar; Valente, Simone - In: Journal of monetary economics 83 (2016), pp. 90-105

Persistent link: https://www.econbiz.de/10011709498

Does the selfish life-cycle model apply in the case of Japan?

Horioka, Charles - 2020

Persistent link: https://www.econbiz.de/10012395578

The wealth decumulation behavior of the retired elderly in Italy : the importance of bequest motives and precautionary saving

Ventura, Luigi; Horioka, Charles - 2020

Persistent link: https://www.econbiz.de/10012395598

Is the selfish life-cycle model more applicable in Japan and, if so, why? : a literature survey

Horioka, Charles - 2020

Persistent link: https://www.econbiz.de/10012395648

Measuring Business Cycles by Saving for a Rainy Day

Crucini, Mario J. - 2010

that the represenative consumer changes savings in response to temporary deviations of income from its stochastic trend …

Persistent link: https://www.econbiz.de/10012462580

Risk Sharing in Private Information Models with Asset Accumulation : Explaining the Excess Smoothness of Consumption

Attanasio, Orazio - 2007

We derive testable implications of model in which first best allocations are not achieved because of a moral hazard problem with hidden saving. We show that in this environment agents typically achieve more insurance than that obtained under autarchy via saving, and that consumption allocation...

Persistent link: https://www.econbiz.de/10012465662