A simple model of optimum life-cycle consumption with earnings uncertainty

DOI10.1016/0022-0531(89)90072-0zbMath0678.90003OpenAlexW2062468018MaRDI QIDQ1124502

Eytan Sheshinski

Publication date: 1989

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: http://hdl.handle.net/1721.1/64193

zbMATH Keywords

infinite horizonconsumer behaviorexpected discounted utilityoptimum consumption path

Mathematics Subject Classification ID

Economic growth models (91B62) Group preferences (91B10)

Related Items (3)

Labor income, borrowing constraints, and equilibrium asset prices ⋮ The Markov consumption problem ⋮ The life-cycle model of saving with uncertain lifetime and borrowing constraint; characterization and sensitivity analysis

Cites Work

• The permanent income hypothesis and long-run economic stability
• A law of large numbers in the theory of consumer's choice under uncertainty
• An income fluctuation problem
• The permanent income hypothesis: A theoretical formulation

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