Concave consumption function and precautionary wealth accumulation
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- Richard M. H. Suen, 2011. "Concave Consumption Function and Precautionary Wealth Accumulation," Working papers 2011-23, University of Connecticut, Department of Economics.
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More about this item
Keywords
Consumption function; borrowing constraints; precautionary saving;JEL classification:
- D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
- D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
- E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
NEP fields
This paper has been announced in the following NEP Reports:- NEP-ALL-2011-11-28 (All new papers)
- NEP-DGE-2011-11-28 (Dynamic General Equilibrium)
- NEP-UPT-2011-11-28 (Utility Models & Prospect Theory)
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