Precautionary Wealth Accumulation

S-Tier
Journal: Review of Economic Studies
Year: 2004
Volume: 71
Issue: 3
Pages: 769-781

Score contribution per author:

8.043 = (α=2.01 / 1 authors) × 4.0x S-tier

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

Abstract

When does an individual's expected wealth accumulation profile increase as earnings risk increases? This paper answers this question for multi-period models where earnings shocks are independent over time. Sufficient conditions are stated in terms of properties of a decision rule for savings and, alternatively, in terms of properties of preferences. Copyright 2004, Wiley-Blackwell.

Technical Details

RePEc Handle
repec:oup:restud:v:71:y:2004:i:3:p:769-781
Journal Field
General
Author Count
1
Added to Database
2026-02-02