A tractable model of precautionary saving in continuous time
Author
Abstract
Suggested Citation
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Deaton, Angus, 1991.
"Saving and Liquidity Constraints,"
Econometrica, Econometric Society, vol. 59(5), pages 1221-1248, September.
- Deaton, A., 1989. "Saving And Liquidity Constraints," Papers 153, Princeton, Woodrow Wilson School - Public and International Affairs.
- Angus Deaton, 1989. "Saving and Liquidity Constraints," NBER Working Papers 3196, National Bureau of Economic Research, Inc.
- Gary Chamberlain & Charles A. Wilson, 2000. "Optimal Intertemporal Consumption Under Uncertainty," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 3(3), pages 365-395, July.
- Christopher D. Carroll, 1992. "The Buffer-Stock Theory of Saving: Some Macroeconomic Evidence," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 23(2), pages 61-156.
- Merton, Robert C., 1971.
"Optimum consumption and portfolio rules in a continuous-time model,"
Journal of Economic Theory, Elsevier, vol. 3(4), pages 373-413, December.
- R. C. Merton, 1970. "Optimum Consumption and Portfolio Rules in a Continuous-time Model," Working papers 58, Massachusetts Institute of Technology (MIT), Department of Economics.
- Christopher D. Carroll, 2001.
"A Theory of the Consumption Function, with and without Liquidity Constraints,"
Journal of Economic Perspectives, American Economic Association, vol. 15(3), pages 23-45, Summer.
- Christopher D. Carroll, 2001. "A Theory of the Consumption Function, With and Without Liquidity Constraints (Expanded Version)," NBER Working Papers 8387, National Bureau of Economic Research, Inc.
- Christopher D. Carroll, 2001. "Codes for A Theory of the Consumption Function, With and Without Liquidity Constraints," QM&RBC Codes 37, Quantitative Macroeconomics & Real Business Cycles.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Christopher D. Carroll, 2004.
"Theoretical Foundations of Buffer Stock Saving,"
Economics Working Paper Archive
517, The Johns Hopkins University,Department of Economics.
- Christopher D. Carroll, 2009. "Theoretical Foundations of Buffer Stock Saving," 2009 Meeting Papers 210, Society for Economic Dynamics.
- Carroll, Christopher D., 2011. "Theoretical foundations of buffer stock saving," CFS Working Paper Series 2011/15, Center for Financial Studies (CFS).
- Christopher Carroll, 2004. "Theoretical Foundations of Buffer Stock Saving," NBER Working Papers 10867, National Bureau of Economic Research, Inc.
- Edouard Challe & Xavier Ragot, 2016.
"Precautionary Saving Over the Business Cycle,"
Economic Journal, Royal Economic Society, vol. 126(590), pages 135-164, February.
- Xavier Ragot & Edouard Challe, 2011. "Precautionary Saving over the Business Cycle," 2011 Meeting Papers 517, Society for Economic Dynamics.
- Edouard Challe & Xavier Ragot, 2016. "Precautionary Saving Over the Business Cycle," PSE-Ecole d'économie de Paris (Postprint) halshs-01313771, HAL.
- Edouard Challe & Xavier Ragot, 2016. "Precautionary Saving Over the Business Cycle," Post-Print halshs-01313771, HAL.
- Edouard Challe & Xavier Ragot, 2016. "Precautionary Saving Over the Business Cycle," PSE - Labex "OSE-Ouvrir la Science Economique" halshs-01313771, HAL.
- Edouard Challe & Xavier Ragot, 2016. "Precautionary Saving Over the Business Cycle," Sciences Po publications info:hdl:2441/54k1p7hdq38, Sciences Po.
- Edouard Challe & Xavier Ragot, 2016. "Precautionary Saving Over the Business Cycle," SciencePo Working papers Main halshs-01313771, HAL.
- Edouard Challe & Xavier Ragot, 2013. "Precautionary Saving over the Business Cycle," Working Papers hal-00843150, HAL.
- Ragot, Xavier & CHALLE, Edouard, 2013. "Precautionary Saving over the Business Cycle," CEPR Discussion Papers 9608, C.E.P.R. Discussion Papers.
- Edouard Challe & Xavier Ragot, 2013. "Precautionary Saving over the Business Cycle," PSE Working Papers hal-00843150, HAL.
- Flórez, Luz A., 2017. "Informal sector under saving: A positive analysis of labour market policies," Labour Economics, Elsevier, vol. 44(C), pages 13-26.
- Aihua Zhang, 2010. "A closed-form solution for the continuous-time consumption model with endogenous labor income," Decisions in Economics and Finance, Springer;Associazione per la Matematica, vol. 33(2), pages 149-167, November.
- Jeanne, Olivier & Carroll, Christopher, 2009.
"A Tractable Model of Precautionary Reserves, Net Foreign Assets, or Sovereign Wealth Funds,"
CEPR Discussion Papers
7449, C.E.P.R. Discussion Papers.
- Carroll, Christopher D. & Jeanne, Olivier, 2009. "A tractable model of precautionary reserves, net foreign assets, or sovereign wealth funds," CFS Working Paper Series 2009/15, Center for Financial Studies (CFS).
- Christopher D. Carroll & Olivier Jeanne, 2009. "A Tractable Model of Precautionary Reserves, Net Foreign Assets, or Sovereign Wealth Funds," NBER Working Papers 15228, National Bureau of Economic Research, Inc.
- Christopher D. Carroll & Olivier Jeanne, 2009. "A Tractable Model of Precautionary Reserves, Net Foreign Assets, or Sovereign Wealth Funds," Working Paper Series WP09-10, Peterson Institute for International Economics.
- Lucas Bretschger & Alexandra Vinogradova, 2014.
"Growth and Mitigation Policies with Uncertain Climate Damage,"
CEEES Paper Series
CE3S-02/14, European University at St. Petersburg, Department of Economics.
- Lucas Bretschger & Alexandra Vinogradova, 2014. "Growth and Mitigation Policies with Uncertain Climate Damage," CESifo Working Paper Series 5085, CESifo.
- Jeremy Lise, 2006.
"On-the-Job Search and Precautionary Savings: Theory and Empirics of Earnings and Wealth Inequality,"
2006 Meeting Papers
137, Society for Economic Dynamics.
- Jeremy Lise, 2011. "On-the-Job Search and Precautionary Savings: Theory and Empirics of Earnings and Wealth Inequality," IFS Working Papers W11/16, Institute for Fiscal Studies.
- Sattinger, Michael, 2011.
"The Markov consumption problem,"
Journal of Mathematical Economics, Elsevier, vol. 47(4-5), pages 409-416.
- Michael Sattinger, 2010. "The Markov Consumption Problem," Discussion Papers 10-02, University at Albany, SUNY, Department of Economics.
- Michael Sattinger, 2010. "The Markov Consumption Problem," Discussion Papers 10-03, University at Albany, SUNY, Department of Economics.
- Christian Bayer & Klaus Wälde, 2010.
"Matching and Saving in Continuous Time: Theory,"
CESifo Working Paper Series
3026, CESifo.
- Christian Bayer & Klaus Wälde, 2010. "Matching and Saving in Continuous Time: Theory," Working Papers 1004, Gutenberg School of Management and Economics, Johannes Gutenberg-Universität Mainz, revised 13 Jan 2010.
- Christian BAYER & Klaus WALDE, 2010. "Matching and Saving in Continuous Time: Theory," LIDAM Discussion Papers IRES 2010013, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
- Luz A. Flórez & Catalina Granda, 2019. "Retirement choice in a frictionless labor market," Economics Bulletin, AccessEcon, vol. 39(1), pages 734-740.
- repec:hal:spmain:info:hdl:2441/54k1p7hdq38odb1k39k1rdm8di is not listed on IDEAS
- Christopher D. Carroll & Patrick Toche, 2009.
"A Tractable Model of Buffer Stock Saving,"
NBER Working Papers
15265, National Bureau of Economic Research, Inc.
- Carroll, Christopher D. & Toche, Patrick, 2009. "A tractable model of buffer stock saving," CFS Working Paper Series 2009/14, Center for Financial Studies (CFS).
- Lucas Bretschger & Alexandra Vinogradova, 2016. "Preservation of Agricultural Soils with Endogenous Stochastic Degradation," CER-ETH Economics working paper series 16/232, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich.
- Alexandra Vinogradova, 2014. "Legal and illegal immigrants: an analysis of optimal saving behavior," Journal of Population Economics, Springer;European Society for Population Economics, vol. 27(1), pages 201-224, January.
- Carroll, Christopher D. & Kimball, Miles S., 2006.
"Precautionary Saving and Precautionary Wealth,"
CFS Working Paper Series
2006/02, Center for Financial Studies (CFS).
- Christopher D. Carroll & Miles S. Kimball, 2006. "Precautionary Saving and Precautionary Wealth," Economics Working Paper Archive 530, The Johns Hopkins University,Department of Economics.
- Christian Bayer & Klaus Waelde, 2011.
"Describing the Dynamics of Distributions in Search and Matching Models by Fokker-Planck Equations,"
Working Papers
1110, Gutenberg School of Management and Economics, Johannes Gutenberg-Universität Mainz, revised 21 Jul 2011.
- Wälde, Klaus & Bayer, Christian, 2011. "Describing the Dynamics of Distribution in Search and Matching Models by Fokker-Planck Equations," VfS Annual Conference 2011 (Frankfurt, Main): The Order of the World Economy - Lessons from the Crisis 48736, Verein für Socialpolitik / German Economic Association.
- Lucas Bretschger & Alexandra Vinogradova, 2014. "Going beyond tradition:Growth and Mitigation Policies with Uncertain Climate Damage," CER-ETH Economics working paper series 14/202, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich.
- Lucas Betschger & Alexandra Vinogradova, 2014.
"Growth and Mitigation Policies with Uncertain Climate Change,"
OxCarre Working Papers
145, Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Emilio Fernandez-Corugedo, 2004. "Consumption Theory," Handbooks, Centre for Central Banking Studies, Bank of England, number 23, April.
- Apps, Patricia & Rees, Ray, 2004.
"Life Cycle Time Allocation and Saving in an Imperfect Capital Market,"
IZA Discussion Papers
1036, Institute of Labor Economics (IZA).
- Patricia Apps & Ray Rees, 2004. "Life Cycle Time Allocation and Saving in an Imperfect Capital Market," CEPR Discussion Papers 475, Centre for Economic Policy Research, Research School of Economics, Australian National University.
- Arna Olafsson & Michaela Pagel, 2018. "The Liquid Hand-to-Mouth: Evidence from Personal Finance Management Software," Review of Financial Studies, Society for Financial Studies, vol. 31(11), pages 4398-4446.
- Carroll, Christopher D., 2009.
"Precautionary saving and the marginal propensity to consume out of permanent income,"
Journal of Monetary Economics, Elsevier, vol. 56(6), pages 780-790, September.
- Christopher D. Carroll, 2001. "Precautionary Saving and the Marginal Propensity to Consume out of Permanent Income," NBER Working Papers 8233, National Bureau of Economic Research, Inc.
- Christopher D Carroll, 2001. "Precautionary Saving and the Marginal Propensity To Consume Out of Permanent Income," Economics Working Paper Archive 445, The Johns Hopkins University,Department of Economics, revised Aug 2009.
- Carroll, Christopher D., 2009. "Precautionary saving and the marginal propensity to consume out of permanent income," CFS Working Paper Series 2009/16, Center for Financial Studies (CFS).
- Yu-Fu Chen & Hassan Molana, 2022. "Solving the Life-Cycle Model with Labour Income Uncertainty: Some Implications of Income Volatility for Consumption Plan," Dundee Discussion Papers in Economics 303, Economic Studies, University of Dundee.
- Markus K. Brunnermeier & Thomas M. Eisenbach & Yuliy Sannikov, 2012.
"Macroeconomics with Financial Frictions: A Survey,"
Levine's Working Paper Archive
786969000000000384, David K. Levine.
- Markus K. Brunnermeier & Thomas M. Eisenbach & Yuliy Sannikov, 2012. "Macroeconomics with Financial Frictions: A Survey," NBER Working Papers 18102, National Bureau of Economic Research, Inc.
- Allen, Todd W. & Carroll, Christopher D., 2001.
"Individual Learning About Consumption,"
Macroeconomic Dynamics, Cambridge University Press, vol. 5(02), pages 255-271, April.
- Todd W Allen & Christopher D Carroll, 2001. "Individual Learning About Consumption," Economics Working Paper Archive 444, The Johns Hopkins University,Department of Economics.
- Todd W. Allen & Christopher D. Carroll, 2001. "Individual Learning About Consumption," NBER Working Papers 8234, National Bureau of Economic Research, Inc.
- Atif Mian & Amir Sufi, 2014.
"House Price Gains and U.S. Household Spending from 2002 to 2006,"
NBER Working Papers
20152, National Bureau of Economic Research, Inc.
- Atif R. Mian & Amir Sufi, 2014. "House Price Gains and U.S. Household Spending from 2002 to 2006," Working Papers 2014-2, Princeton University. Economics Department..
- Gaobo Pang & University of Maryland, 2006. "Tax-Deferred Savings and Early Retirement," Computing in Economics and Finance 2006 31, Society for Computational Economics.
- Açıkgöz, Ömer T., 2018. "On the existence and uniqueness of stationary equilibrium in Bewley economies with production," Journal of Economic Theory, Elsevier, vol. 173(C), pages 18-55.
- Sattinger, Michael, 2011.
"The Markov consumption problem,"
Journal of Mathematical Economics, Elsevier, vol. 47(4-5), pages 409-416.
- Michael Sattinger, 2010. "The Markov Consumption Problem," Discussion Papers 10-02, University at Albany, SUNY, Department of Economics.
- Michael Sattinger, 2010. "The Markov Consumption Problem," Discussion Papers 10-03, University at Albany, SUNY, Department of Economics.
- Muellbauer, John & Geiger, Felix & Rupprecht, Manuel, 2016. "The housing market, household portfolios and the German consumer," Working Paper Series 1904, European Central Bank.
- Fulford, Scott L., 2015.
"The surprisingly low importance of income uncertainty for precaution,"
European Economic Review, Elsevier, vol. 79(C), pages 151-171.
- Scott Fulford, 2014. "The surprisingly low importance of income uncertainty for precaution," Boston College Working Papers in Economics 862, Boston College Department of Economics.
- Padula, Mario, 2010.
"An approximate consumption function,"
Journal of Economic Dynamics and Control, Elsevier, vol. 34(3), pages 404-416, March.
- Mario Padula & Università di Salerno, 2006. "An approximate consumption function," Computing in Economics and Finance 2006 133, Society for Computational Economics.
- Mario Padula, 2008. "An approximate consumption function," Working Papers 2008_24, Department of Economics, University of Venice "Ca' Foscari".
- Mario Padula, 2008. "An Approximate Consumption Function," CSEF Working Papers 199, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.
- Andreas Tryphonides, 2023.
"Identifying Preferences when Households are Financially Constrained,"
Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 51, pages 521-546, December.
- Andreas Tryphonides, 2020. "Identifying Preferences when Households are Financially Constrained," Papers 2005.02010, arXiv.org, revised Feb 2023.
- Andreas Tryphonides, 2023. "Online Appendix to "Identifying Preferences when Households are Financially Constrained"," Online Appendices 21-242, Review of Economic Dynamics.
- Andreas Tryphonides, 2023. "Code and data files for "Identifying Preferences when Households are Financially Constrained"," Computer Codes 21-242, Review of Economic Dynamics.
- Luis M. Viceira, 2001.
"Optimal Portfolio Choice for Long‐Horizon Investors with Nontradable Labor Income,"
Journal of Finance, American Finance Association, vol. 56(2), pages 433-470, April.
- Luis M. Viceira, 1999. "Optimal Portfolio Choice for Long-Horizon Investors with Nontradable Labor Income," NBER Working Papers 7409, National Bureau of Economic Research, Inc.
- Tullio Jappelli & Mario Padula & Luigi Pistaferri, 2008.
"A Direct Test of The Buffer-Stock Model of Saving,"
Journal of the European Economic Association, MIT Press, vol. 6(6), pages 1186-1210, December.
- Tullio Jappelli & Mario Padula & Luigi Pistaferri, 2005. "A Direct Test of the Buffer-Stock Model of Saving," CSEF Working Papers 150, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.
- Jappelli, Tullio & Padula, Mario & Pistaferri, Luigi, 2007. "A direct test of the buffer-stock model of saving," CFS Working Paper Series 2007/29, Center for Financial Studies (CFS).
- Jappelli, Tullio & Pistaferri, Luigi & Padula, Mario, 2007. "A Direct Test of the Buffer Stock Model of Saving," CEPR Discussion Papers 6576, C.E.P.R. Discussion Papers.
- Flórez, Luz A., 2017. "Informal sector under saving: A positive analysis of labour market policies," Labour Economics, Elsevier, vol. 44(C), pages 13-26.
- Alfonso Palacio Vera, 2008. "The "New consensus"and the Post-Keynesian approach to the analysis of liquidity traps," Documentos de trabajo de la Facultad de Ciencias Económicas y Empresariales 08-03, Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales.
- Francis, Johanna L., 2009.
"Wealth and the capitalist spirit,"
Journal of Macroeconomics, Elsevier, vol. 31(3), pages 394-408, September.
- Francis, Johanna L., 2007. "Wealth and the Capitalist Spirit," MPRA Paper 5985, University Library of Munich, Germany.
- Johanna Francis, 2008. "Wealth and the Capitalist Spirit," Fordham Economics Discussion Paper Series dp2008-10, Fordham University, Department of Economics.
Corrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:ecolet:v:87:y:2005:i:2:p:267-272. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/ecolet .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.