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Consumption and saving with habit formation and durability. - MaRDI portal

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Consumption and saving with habit formation and durability. (Q1605268)

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scientific article; zbMATH DE number 1768142
Language Label Description Also known as
English
Consumption and saving with habit formation and durability.
scientific article; zbMATH DE number 1768142

    Statements

    title
    Consumption and saving with habit formation and durability. (English)
    0 references
    author
    William T. Smith
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    publication date
    15 July 2002
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    review text
    This paper develops a model of precautionary saving with habit formation and durability. Durability offsets the effects of habit formation on both consumption growth and the precautionary premium. Empirical tests of habit formation and durability on consumption growth might exploit their parallel effects on the precautionary premium.
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    zbMATH Keywords
    Habit formation
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    Durability
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    Consumption
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    Saving
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    Identifiers

    zbMATH DE Number
    1768142
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    OpenAlex ID
    W2004598657
    0 references
     
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