Permanent and transitory income effects in a model of optimal consumption with wage income uncertainty

DOI10.1016/0022-0531(75)90039-3zbMath0308.90009OpenAlexW2082527658MaRDI QIDQ1218780

David S. Sibley

Publication date: 1975

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

Full work available at URL: https://doi.org/10.1016/0022-0531(75)90039-3

Mathematics Subject Classification ID

Trade models (91B60)

Related Items (5)

Optimal consumption, the interest rate and wage uncertainty ⋮ The structure of optimal consumption streams in general incomplete markets ⋮ Incomplete markets and volatility ⋮ The effect on optimal consumption on increased uncertainty in labor income in the multiperiod case ⋮ Precautionary wealth accumulation: A positive third derivative is not enough

Cites Work

• Optimum consumption and portfolio rules in a continuous-time model
• A law of large numbers in the theory of consumer's choice under uncertainty
• The Effects of Ad Valorem and Specific Taxes on Prices

This page was built for publication: Permanent and transitory income effects in a model of optimal consumption with wage income uncertainty