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Consumption, Liquidity Constraints and Asset Accumulation in the Presence of Random Income Fluctuations - MaRDI portal

Consumption, Liquidity Constraints and Asset Accumulation in the Presence of Random Income Fluctuations (Q4203968)

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scientific article; zbMATH DE number 4123483
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Consumption, Liquidity Constraints and Asset Accumulation in the Presence of Random Income Fluctuations
scientific article; zbMATH DE number 4123483

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    Consumption, Liquidity Constraints and Asset Accumulation in the Presence of Random Income Fluctuations (English)
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    1987
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    optimal consumption behavior
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    intertemporal househould decision
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    risk aversion
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    random income fluctuations
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    borrowing
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    unique stationary probability
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