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


  • Leung, Siu Fai


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  • Leung, Siu Fai, 2001. "The life-cycle model of saving with uncertain lifetime and borrowing constraint;: characterization and sensitivity analysis," Mathematical Social Sciences, Elsevier, vol. 42(2), pages 179-201, September.
  • Handle: RePEc:eee:matsoc:v:42:y:2001:i:2:p:179-201

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    References listed on IDEAS

    1. repec:adr:anecst:y:1988:i:9:p:11 is not listed on IDEAS
    2. Leung, Siu Fai, 1994. "Uncertain Lifetime, the Theory of the Consumer, and the Life Cycle Hypothesis," Econometrica, Econometric Society, vol. 62(5), pages 1233-1239, September.
    3. Mirer, Thad W, 1994. "The Dissaving of Annuity Wealth and Marketable Wealth in Retirement," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 40(1), pages 87-97, March.
    4. Hurd, Michael D, 1989. "Mortality Risk and Bequests," Econometrica, Econometric Society, vol. 57(4), pages 779-813, July.
    5. Sheshinski, Eytan, 1989. "A simple model of optimum life-cycle consumption with earnings uncertainty," Journal of Economic Theory, Elsevier, vol. 49(1), pages 169-178, October.
    6. Hubbard, R Glenn & Judd, Kenneth L, 1987. "Social Security and Individual Welfare: Precautionary Saving, Borrowing Constraints, and the Payroll Tax," American Economic Review, American Economic Association, vol. 77(4), pages 630-646, September.
    7. Siu Fai Leung, 2000. "Why Do Some Households Save So Little? A Rational Explanation," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 3(4), pages 771-800, October.
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    1. Leung, Siu Fai, 2007. "The existence, uniqueness, and optimality of the terminal wealth depletion time in life-cycle models of saving under uncertain lifetime and borrowing constraint," Journal of Economic Theory, Elsevier, vol. 134(1), pages 470-493, May.

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