A new interpretation of the condition for precautionary saving in the presence of an interest-rate risk

DOI10.1007/S00712-016-0496-2zbMath1402.91833OpenAlexW3123407798MaRDI QIDQ1652840

Marco Magnani

Publication date: 16 July 2018

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

Full work available at URL: https://doi.org/10.1007/s00712-016-0496-2

zbMATH Keywords

precautionary savinginterest rate risk

Mathematics Subject Classification ID

Interest rates, asset pricing, etc. (stochastic models) (91G30) Individual preferences (91B08)

Related Items (5)

The interest rate for saving as a possibilistic risk ⋮ New results on precautionary saving and nonlinear risks ⋮ Precautionary retirement and precautionary saving ⋮ Changes in multiplicative risks and optimal portfolio choice: new interpretations and results ⋮ An interpretation of the condition for precautionary saving: the case of greater higher-order interest rate risk

Cites Work

• New results on precautionary saving under two risks
• Multiplicative risk apportionment
• The values of relative risk aversion and prudence: a context-free interpretation
• Precautionary saving under many risks
• Precautionary saving in the presence of labor income and interest rate risks
• A new interpretation for the precautionary saving motive: a note
• Prudence in bargaining: The effect of uncertainty on bargaining outcomes
• The Effects of Shifts in a Return Distribution on Optimal Portfolios

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