Show simple item record

dc.contributor.author
Bommier, Antoine
dc.contributor.author
Le Grand, François
dc.date.accessioned
2017-06-12T18:30:09Z
dc.date.available
2017-06-12T18:30:09Z
dc.date.issued
2016-07
dc.identifier.other
10.2139/ssrn.2809553
dc.identifier.uri
http://hdl.handle.net/20.500.11850/126435
dc.description.abstract
We study how risk aversion affects precautionary savings when considering monotone recursive Kreps-Porteus preferences. In a general infinite-horizon setting, we prove that risk aversion unambiguously increases precautionary savings. The result is derived without specifying income uncertainty, which can follow any kind of stochastically monotone process, and accounting for possibly binding borrowing constraints.
dc.language.iso
en
dc.publisher
Elsevier
dc.subject
Risk aversion
dc.subject
Precautionary savings
dc.subject
Recursive models
dc.subject
Monotonicity
dc.subject
JEL Classification: D80, D91, E21
dc.title
Risk Aversion and Precautionary Savings in Dynamic Settings
dc.type
Working Paper
ethz.journal.title
SSRN
ethz.size
15 p.
ethz.notes
.
ethz.publication.place
S.l.
ethz.publication.status
published
ethz.leitzahl
ETH Zürich::00002 - ETH Zürich, direkt::00012 - Lehre und Forschung, direkt::00007 - Departemente, direkt::02120 - Departement Management, Technologie und Ökonomie / Department of Management, Technology, and Economics::03877 - Bommier, Antoine
ethz.leitzahl.certified
ETH Zürich::00002 - ETH Zürich, direkt::00012 - Lehre und Forschung, direkt::00007 - Departemente, direkt::02120 - Departement Management, Technologie und Ökonomie / Department of Management, Technology, and Economics::03877 - Bommier, Antoine
ethz.identifier.url
http://dx.doi.org/10.2139/ssrn.2809553
ethz.relation.isPreviousVersionOf
handle/20.500.11850/210387
ethz.date.deposited
2017-06-12T18:30:32Z
ethz.source
ECIT
ethz.identifier.importid
imp5936551fcaf2652206
ethz.ecitpid
pub:189173
ethz.eth
yes
ethz.availability
Metadata only
ethz.rosetta.installDate
2017-07-12T18:02:37Z
ethz.rosetta.lastUpdated
2017-07-12T18:02:38Z
ethz.rosetta.versionExported
true
ethz.COinS
ctx_ver=Z39.88-2004&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.atitle=Risk%20Aversion%20and%20Precautionary%20Savings%20in%20Dynamic%20Settings&rft.jtitle=SSRN&rft.date=2016-07&rft.au=Bommier,%20Antoine&Le%20Grand,%20Fran%C3%A7ois&rft.genre=preprint&rft_id=info:doi/10.2139/ssrn.2809553
 Search via SFX

Files in this item

FilesSizeFormatOpen in viewer

There are no files associated with this item.

Publication type

Show simple item record