A tractable model of precautionary saving in continuous time

DOI10.1016/J.ECONLET.2004.10.015zbMath1254.91442OpenAlexW1999744526MaRDI QIDQ1927819

Patrick Toche

Publication date: 2 January 2013

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

Full work available at URL: https://doi.org/10.1016/j.econlet.2004.10.015

zbMATH Keywords

precautionary savingoptimal consumptionlabour income risk

Mathematics Subject Classification ID

Applications of optimal control and differential games (49N90) Economic growth models (91B62)

Related Items (2)

A closed-form solution for the continuous-time consumption model with endogenous labor income ⋮ The Markov consumption problem

Cites Work

• Optimum consumption and portfolio rules in a continuous-time model
• Buffer-Stock Saving and the Life Cycle/Permanent Income Hypothesis

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