Saving Behavior in a Pure Life-cycle Model with Income Uncertainty
Author | : Ian Irvine |
Publisher | : Department of Economics, Concordia University |
Total Pages | : 38 |
Release | : 1995 |
Genre | : Finance, Personal |
ISBN | : |
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Author | : Ian Irvine |
Publisher | : Department of Economics, Concordia University |
Total Pages | : 38 |
Release | : 1995 |
Genre | : Finance, Personal |
ISBN | : |
Author | : Ian Irvine |
Publisher | : |
Total Pages | : 0 |
Release | : 2003 |
Genre | : |
ISBN | : |
Several models of economic behavior currently compete for an explanation of individual wealth accumulation and savings patterns. In this paper we focus in particular upon the role of income uncertainty, and the role played by a retirement period, during which time expected earnings are zero. We find that income uncertainty can alter savings patterns over the lifecycle significantly, with the greatest influence on the wealth of young individuals. However, its influence on the aggregate stock of wealth is less than earlier theoretical work indicates.
Author | : Ian Irvine |
Publisher | : Department of Economics, Concordia University |
Total Pages | : 44 |
Release | : 1995 |
Genre | : Finance, Personal |
ISBN | : |
Author | : Arthur B. Kennickell |
Publisher | : |
Total Pages | : 508 |
Release | : 1984 |
Genre | : Consumer behavior |
ISBN | : |
Author | : Betsy Buttrill White |
Publisher | : |
Total Pages | : 312 |
Release | : 1976 |
Genre | : Consumption (Economics) |
ISBN | : |
Author | : B. Douglas Bernheim |
Publisher | : University of Chicago Press |
Total Pages | : 408 |
Release | : 1991-05 |
Genre | : Business & Economics |
ISBN | : 9780226044040 |
"... Papers presented at a conference held at the Stouffer Wailea Hotel, Maui, Hawaii, January 6-7, 1989. ... part of the Research on Taxation program of the National Bureau of Economic Research." -- p. ix.
Author | : Franco Modigliani |
Publisher | : |
Total Pages | : 0 |
Release | : 1959 |
Genre | : Consumption (Economics) |
ISBN | : |
Author | : You-Hyun Cho |
Publisher | : |
Total Pages | : 244 |
Release | : 1992 |
Genre | : Saving and investment |
ISBN | : |