The life-cycle model of saving with uncertain lifetime and borrowing constraint; characterization and sensitivity analysis

DOI10.1016/S0165-4896(01)00067-1zbMath1047.91047OpenAlexW1531101764MaRDI QIDQ5946259

Siu Fai Leung

Publication date: 12 January 2003

Published in: Mathematical Social Sciences (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/s0165-4896(01)00067-1

zbMATH Keywords

Sensitivity analysisLife-cycle modelSavingUncertain lifetimeWealth depletion

Mathematics Subject Classification ID

Applications of optimal control and differential games (49N90) Economic growth models (91B62) Consumer behavior, demand theory (91B42)

Related Items (2)

The existence, uniqueness, and optimality of the terminal wealth depletion time in life-cycle models of saving under uncertain lifetime and borrowing constraint ⋮ A rank-dependent utility model of uncertain lifetime

Cites Work

• A simple model of optimum life-cycle consumption with earnings uncertainty
• A law of large numbers in the theory of consumer's choice under uncertainty
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