Short-term planning and the life-cycle consumption puzzle

DOI10.1016/J.JEDC.2006.05.002zbMath1201.91109OpenAlexW1993421961MaRDI QIDQ1017043

David Aadland, Frank N. Caliendo

Publication date: 18 May 2009

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jedc.2006.05.002

zbMATH Keywords

short-term planninglife-cycle consumption

Mathematics Subject Classification ID

Consumer behavior, demand theory (91B42)

Related Items (6)

Bounded rationality and optimal retirement age ⋮ How the future shapes consumption with time-inconsistent preferences ⋮ Time inconsistency and retirement planning ⋮ Equivalent representations of non-exponential discounting models ⋮ Resource prices and planning horizons ⋮ Emissions trading with rolling horizons

Cites Work

• Unnamed Item
• Fixed endpoint optimal control
• Buffer-Stock Saving and the Life Cycle/Permanent Income Hypothesis
• Wealth Accumulation and the Propensity to Plan
• Consumption Over the Life Cycle
• Inattentive Producers
• Neoclassical life-cycle consumption: A textbook example

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