When do borrowing constraints bind? Some new results on the income fluctuation problem

DOI10.1016/S0165-1889(00)00042-7zbMath0990.91030MaRDI QIDQ5958703

Guillaume Rabault

Publication date: 3 March 2002

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

zbMATH Keywords

borrowing capacityliquidity constrained consumers

Mathematics Subject Classification ID

Consumer behavior, demand theory (91B42)

Related Items (9)

The existence, uniqueness, and optimality of the terminal wealth depletion time in life-cycle models of saving under uncertain lifetime and borrowing constraint ⋮ The income fluctuation problem and the evolution of wealth ⋮ Uniqueness of equilibrium in a Bewley-Aiyagari model ⋮ An impossibility theorem for wealth in heterogeneous-agent models with limited heterogeneity ⋮ On the existence and uniqueness of stationary equilibrium in Bewley economies with production ⋮ The wealth distribution in Bewley economies with capital income risk ⋮ Solving the income fluctuation problem with unbounded rewards ⋮ A theory of the saving rate of the rich ⋮ Asymptotic linearity of consumption functions and computational efficiency

Cites Work

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• Markov chains and stochastic stability
• Some results on An income fluctuation problem
• On the Behaviour of Commodity Prices
• Equilibrium in a Production Economy with an Income Tax
• Consumption, Liquidity Constraints and Asset Accumulation in the Presence of Random Income Fluctuations

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