Can Rational Individuals Keep Money under Their Mattresses Forever?

B-Tier
Journal: Economic Theory
Year: 1993
Volume: 3
Issue: 2
Pages: 373-77

Score contribution per author:

2.011 = (α=2.01 / 1 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

Conditions are given for an infinite horizon consumption-savings model under which savings are bounded away from O with probability 1 even in the long-run. That is, with probability 1 there exists a time T and a minimum level of savings S [underlined] such for t [greater than] T savings will always be greater than S [underlined].

Technical Details

RePEc Handle
repec:spr:joecth:v:3:y:1993:i:2:p:373-77
Journal Field
Theory
Author Count
1
Added to Database
2026-01-29