Relative Risk Aversion: Increasing or Decreasing?
While there is no abstract for this paper, it makes an argument that relative risk aversion is decreasing in wealth rather than increasing in wealth as hypothesized by Arrow, using the money demand findings of Friedman.
(This abstract was borrowed from another version of this item.)
Volume (Year): 14 (1979)
Issue (Month): 02 (June)
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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Milton Friedman, 1959.
"The Demand for Money: Some Theoretical and Empirical Results,"
National Bureau of Economic Research, Inc, number frie59-1, 07.
- Milton Friedman, 1959. "The Demand for Money: Some Theoretical and Empirical Results," NBER Chapters, in: The Demand for Money: Some Theoretical and Empirical Results, pages 1-29 National Bureau of Economic Research, Inc.
- Milton Friedman, 1959. "The Demand for Money: Some Theoretical and Empirical Results," Journal of Political Economy, University of Chicago Press, vol. 67, pages 327.
- Graves, Philip E., 1976.
"Wealth and cash asset proportions,"
19912, University Library of Munich, Germany.
- Graves, Philip E, 1978.
"New Evidence on Income and the Velocity of Money,"
Western Economic Association International, vol. 16(1), pages 53-68, January.
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