The effects of uncertainty on optimal consumption

DOI10.1016/S0165-1889(99)00073-1zbMath0956.91047WikidataQ57943594 ScholiaQ57943594MaRDI QIDQ1583316

R. Smith

Publication date: 26 October 2000

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

zbMATH Keywords

Euler equationmarginal utilityasset return uncertaintypure labour income

Mathematics Subject Classification ID

Related Items (1)

A closed-form solution for the continuous-time consumption model with endogenous labor income

Cites Work

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• An analytical approximate solution to the problem of precautionary savings
• Solution of nonlinear rational expectations models with applications to finite-horizon life-cycle models of consumption
• On the Concavity of the Consumption Function
• Precautionary Savings and the Permanent Income Hypothesis
• A Closed-form Solution for a Model of Precautionay Saving

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