Uninsured Idiosyncratic Risk and Aggregate Saving
Abstract
The author presents a qualitative and quantitative analysis of the standard growth model modified to include precautionary saving motives and liquidity constraints. He addresses the impact on the aggregate saving rate, the importance of asset trading to individuals, and the relative inequality of wealth and income distributions. Copyright 1994, the President and Fellows of Harvard College and the Massachusetts Institute of Technology.Download Info
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Bibliographic Info
Article provided by MIT Press in its journal Quarterly Journal of Economics.
Volume (Year): 109 (1994)
Issue (Month): 3 (August)
Pages: 659-84
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Web page: http://mitpress.mit.edu/journals/
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Web: http://mitpress.mit.edu/journal-home.tcl?issn=00335533
Related research
Keywords:Other versions of this item:
- S. Rao Aiyagari, 1993. "Uninsured idiosyncratic risk and aggregate saving," Working Papers 502, Federal Reserve Bank of Minneapolis.
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As found by EconAcademics.org, the blog aggregator for Economics research:- Why recent tax rebates did not work
by Economic Logician in Economic Logic on 2010-05-18 13:57:00
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As found on the RePEc Biblio, the curated bibliography for Economics:- > Schools of Economic Thought, Epistemology of Economics > Economic Methodology > Dynamic Stochastic General Equilibrium
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