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Optimal consumption with stochastic income
7 references·13 citing·48 second hop
Optimal consumption with stochastic income (1984)Optimal consumption with stochastic incomeThe Life-Cycle Hypothesis and the Consumption Behavior of the Elderly (1982)The Life-Cycle Hypothesis and…The Adjustment of Consumption to Changing Expectations About Future Income (1981)The Adjustment of Consumption…The Sensitivity of Consumption to Transitory Income: Estimates from Panel Data on Households (1980)The Sensitivity of Consumptio…The effect on optimal consumption of increased uncertainty in labor income in the multiperiod case (1976)The effect on optimal consump…Permanent and transitory income effects in a model of optimal consumption with wage income uncertainty (1975)Permanent and transitory inco…Optimum consumption and portfolio rules in a continuous-time model (1971)Optimum consumption and portf…A Theory of the Consumption Function (1960)A Theory of the Consumption F…Liquidity Constraints of the Middle Class (2019)Liquidity Constraints of the …Housing, Credit and Consumer Expenditure (2007)Housing, Credit and Consumer …Agency Conflicts, Investment, and Asset Pricing (2007)Agency Conflicts, Investment,…Risk, Return and Portfolio Allocation Under Alternative Pension Systems with Incomplete and Imperfect Financial Markets (2006)Risk, Return and Portfolio Al…Heterogeneity and Aggregation (2005)Heterogeneity and AggregationLife Cycle Time Allocation and Saving in an Imperfect Capital Market (2004)Life Cycle Time Allocation an…Should Monetary Policy be Different in a Greyer World? (2002)Should Monetary Policy be Dif…Saving behavior and wealth accumulation in a pure lifecycle model with income uncertainty (2001)Saving behavior and wealth ac…A Theory of the Consumption Function, With and Without Liquidity Constraints (Expanded Version) (2001)A Theory of the Consumption F…Taxation and Savings: A Survey (1994)Taxation and Savings: A SurveyConsumption and the timing of income risk (1994)Consumption and the timing of…Terms of trade uncertainty, savings, and the production structure (1992)Terms of trade uncertainty, s…Precautionary Saving and Consumption Smoothing Across Time and Possibilities (1992)Precautionary Saving and Cons…Lifetime Portfolio Selection By Dynamic Stochastic Programming (1969)Lifetime Portfolio Selection under Uncertainty: The Continuous-Time Case (1969)An Intertemporal Capital Asset Pricing Model (1973)LIFETIME PORTFOLIO SELECTION BY DYNAMIC STOCHASTIC PROGRAMMING (1975)An equilibrium characterization of the term structure (1977)A Theory of the Term Structure of Interest Rates (1985)A Theory of the Consumption Function (1958)THE LIFE CYCLE HYPOTHESIS OF SAVING: AGGREGATE IMPLICATIONS AND TESTS (1963)Stochastic Implications of the Life Cycle-Permanent Income Hypothesis: Theory and Evidence (1978)No news is good news (1992)Capital markets research in accounting (2001)Consumption, Aggregate Wealth, and Expected Stock Returns (2001)Saving and Uncertainty: The Precautionary Demand for Saving (1968)Increasing risk II: Its economic consequences (1971)Taxation and Savings - A Neoclassical Perspective (1984)Aggregate precautionary savings: when is the third derivative irrelevant? (2001)Precautionary Wealth Accumulation (2004)Co-Integration and Error Correction: Representation, Estimation, and Testing (1987)MAXIMUM LIKELIHOOD ESTIMATION AND INFERENCE ON COINTEGRATION — WITH APPLICATIONS TO THE DEMAND FOR MONEY (1990)19 The World Distribution of Household Wealth (2008)Personal Wealth from a Global Perspective (2008)Global Housing Cycles (2012)An Almost Ideal Demand System (1980)Changes in Relative Wages, 1963-1987: Supply and Demand Factors (1992)Estimation of ergodic agent-based models by simulated minimum distance (2014)Modeling human behavior in economics and social science (2017)American Economic Review (2019)Patience and Comparative Development (2021)The General Theory of Employment, Interest and Money. (1936)The General Theory of Employment, Interest and Money. (1936)Inheritance and Saving (2006)Delaying Retirement to Pay for College (2011)Efficient Capital Markets: A Review of Theory and Empirical Work (1970)Alternative Explanations of the Money-Income Correlation (1986)Golden Eggs and Hyperbolic Discounting (1997)How do house prices affect consumption? Evidence from micro data (2006)Income, Saving and the Theory of Consumer Behavior. (1950)Theory of the Consumption Function (1957)Reviving Keynes’s Revolution (1984)Gaining Ground: Poverty in the Postwar United States (1993)Wealth Inequality in the United States (2000)De gustibus non est disputandum (2010)Precautionary savings under income uncertainty: a cross-sectional analysis (1991)Quantitative Macroeconomics with Heterogeneous Households (2009)PRECAUTIONARY SAVING: A REVIEW OF THE EMPIRICAL LITERATURE (2018)Econometric policy evaluation: A critique (1976)Trends and random walks in macroeconmic time series (1982)Business conditions and expected returns on stocks and bonds (1989)
this work references cited by second hop

References

  • 1971Optimum consumption and portfolio rules in a continuous-time model5,966 cited
  • 1960A Theory of the Consumption Function2,232 cited
  • 1981The Adjustment of Consumption to Changing Expectations About Future Income1,326 cited
  • 1980The Sensitivity of Consumption to Transitory Income: Estimates from Panel Data on Households650 cited
  • 1982The Life-Cycle Hypothesis and the Consumption Behavior of the Elderly157 cited
  • 1975Permanent and transitory income effects in a model of optimal consumption with wage income uncertainty80 cited
  • 1976The effect on optimal consumption of increased uncertainty in labor income in the multiperiod case74 cited

Cited by

  • 2005Heterogeneity and Aggregation220 cited
  • 2007Housing, Credit and Consumer Expenditure140 cited
  • 2001A Theory of the Consumption Function, With and Without Liquidity Constraints (Expanded Version)66 cited
  • 1992Precautionary Saving and Consumption Smoothing Across Time and Possibilities45 cited
  • 1994Consumption and the timing of income risk42 cited
  • 2007Agency Conflicts, Investment, and Asset Pricing41 cited
  • 2019Liquidity Constraints of the Middle Class40 cited
  • 1994Taxation and Savings: A Survey

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36 cited
  • 2006Risk, Return and Portfolio Allocation Under Alternative Pension Systems with Incomplete and Imperfect Financial Markets26 cited
  • 2002Should Monetary Policy be Different in a Greyer World?17 cited
  • 2004Life Cycle Time Allocation and Saving in an Imperfect Capital Market17 cited
  • 2001Saving behavior and wealth accumulation in a pure lifecycle model with income uncertainty15 cited
  • 1992Terms of trade uncertainty, savings, and the production structure13 cited