The optimal consumption-wealth relation and the permanent income-life cycle hypothesis under recursive preferences

DOI10.1016/0165-1765(94)90075-2zbMath0816.90040OpenAlexW2053275078MaRDI QIDQ1342662

Suezo Ishizawa, Hiroaki Hayakawa

Publication date: 6 February 1995

Published in: Economics Letters (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/0165-1765(94)90075-2

zbMATH Keywords

recursive preferencesoptimal consumption-wealth relationpermanent income-life cycle hypothesis

Mathematics Subject Classification ID

Economic growth models (91B62) Consumer behavior, demand theory (91B42)

Cites Work

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• On the rate of time preference under recursive preferences
• The fundamental principle of intertemporal optimization. Consumer behavior under recursive preferences
• On the role of generating functions when preferences are recursive
• Optimal Saving Programs under Intertemporally Dependent Preferences
• The Global Stability of Efficient Intertemporal Allocations

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