Precautionary wealth accumulation: A positive third derivative is not enough

DOI10.1016/S0165-1765(02)00061-7zbMath1011.91031MaRDI QIDQ1608825

Edouard Vidon, Mark Huggett

Publication date: 13 August 2002

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

zbMATH Keywords

earnings riskprecautionary wealthsavings function

Mathematics Subject Classification ID

Auctions, bargaining, bidding and selling, and other market models (91B26)

Related Items (2)

Wealth inequality and dynamic stability ⋮ Precautionary wealth accumulation: A positive third derivative is not enough

Cites Work

• Permanent and transitory income effects in a model of optimal consumption with wage income uncertainty
• The effect on optimal consumption on increased uncertainty in labor income in the multiperiod case
• An income fluctuation problem
• Precautionary wealth accumulation: A positive third derivative is not enough
• Optimal Consumption Policy under Uncertain Income
• Optimal Consumption with a Stochastic Income Stream
• On the Concavity of the Consumption Function
• Precautionary Savings and the Permanent Income Hypothesis

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