Show simple item record

Precautionary Saving and Consumption Smoothing across Time and Possibilities

dc.contributor.authorKimball, Miles S.en_US
dc.contributor.authorWeil, Philippeen_US
dc.date.accessioned2010-06-01T18:44:30Z
dc.date.available2010-06-01T18:44:30Z
dc.date.issued2009-03en_US
dc.identifier.citationKIMBALL, MILES; WEIL, PHILIPPE (2009). "Precautionary Saving and Consumption Smoothing across Time and Possibilities." Journal of Money, Credit and Banking 41(2-3): 245-284. <http://hdl.handle.net/2027.42/71939>en_US
dc.identifier.issn0022-2879en_US
dc.identifier.issn1538-4616en_US
dc.identifier.urihttps://hdl.handle.net/2027.42/71939
dc.format.extent541042 bytes
dc.format.extent3109 bytes
dc.format.mimetypeapplication/pdf
dc.format.mimetypetext/plain
dc.publisherBlackwell Publishing Incen_US
dc.rights© 2009 The Ohio State Universityen_US
dc.subject.otherD8en_US
dc.subject.otherD91en_US
dc.subject.otherE21en_US
dc.subject.otherPrecautionary Savingen_US
dc.subject.otherRisk Aversionen_US
dc.subject.otherIntertemporal Substitutionen_US
dc.titlePrecautionary Saving and Consumption Smoothing across Time and Possibilitiesen_US
dc.typeArticleen_US
dc.subject.hlbsecondlevelEconomicsen_US
dc.subject.hlbtoplevelBusinessen_US
dc.description.peerreviewedPeer Revieweden_US
dc.contributor.affiliationum* Miles Kimball is at the Department of Economics, University of Michigan, Ann Arbor, MI 48109-1220 and NBER (E-mail: mkimball@umich.edu ).en_US
dc.contributor.affiliationother† Philippe Weil is from the UniversitÉ Libre de Bruxelles (ECARES), SciencesPo (OFCE), NBER, and CEPR (E-mail: philippe.weil@gmail.com ).en_US
dc.identifier.pmid20676240en_US
dc.description.bitstreamurlhttp://deepblue.lib.umich.edu/bitstream/2027.42/71939/1/j.1538-4616.2009.00205.x.pdf
dc.identifier.doi10.1111/j.1538-4616.2009.00205.xen_US
dc.identifier.sourceJournal of Money, Credit and Bankingen_US
dc.identifier.citedreferenceBarsky, R. B. ( 1986 ) “ Why Don't the Prices of Stocks and Bonds Move Together ?” American Economic Review, 79, 1132 – 45.en_US
dc.identifier.citedreferenceBarsky, R. B., F. T. Juster, M. S. Kimball, and M. D. Shapiro. ( 1997 ) “ Preference Parameters and Behavioral Heterogeneity: An Experimental Approach in the Health and Retirement Study.” Quarterly Journal of Economics, 112, 537 – 79.en_US
dc.identifier.citedreferenceBarsky, R. B., N. G. Mankiw, and S. P. Zeldes. ( 1986 ) “ Ricardian Consumers with Keynesian Propensities.” American Economic Review, 76, 676 – 91.en_US
dc.identifier.citedreferenceBishop, Thomas W. ( 2004 ) “ Precautionary Saving with Kreps-Porteus Preferences: How Uncertainty and Risk Preferences Affect Saving.” Dissertation, University of Michigan.en_US
dc.identifier.citedreferenceCaballero, R. ( 1990 ) “ Consumption Puzzles and Precautionary Savings.” Journal of Monetary Economics, 25, 113 – 36.en_US
dc.identifier.citedreferenceDrÈze, J. H., and F. Modigliani. ( 1972 ) “ Consumption Decisions under Uncertainty.” Journal of Economic Theory, 5, 308 – 35.en_US
dc.identifier.citedreferenceEpstein, L., and S. Zin. ( 1989 ) “ Substitution, Risk Aversion, and the Temporal Behaviour of Consumption and Asset Returns I: Theoretical Framework.” Econometrica, 57, 937 – 69.en_US
dc.identifier.citedreferenceFarmer, R. ( 1990 ) “ RINCE Preferences.” Quarterly Journal of Economics, 105, 43 – 60.en_US
dc.identifier.citedreferenceHall, R. ( 1988 ) “ Intertemporal Substitution in Consumption.” Journal of Political Economy, 96, 339 – 57.en_US
dc.identifier.citedreferenceHansen, L. P., T. J. Sargent, and T. D. J. Tallarini. ( 1999 ) “ Robust Permanent Income and Pricing.” Review of Economic Studies, 66, 873 – 907.en_US
dc.identifier.citedreferenceHardy, G. H., J. E. Littlewood, and G. Polya. ( 1952 ) Inequalities, 2nd ed. Cambridge, UK: Cambridge University Press.en_US
dc.identifier.citedreferenceKimball, M. S. ( 1990a ) “ Precautionary Saving and the Marginal Propensity to Consume.” Working Paper 3403, NBER.en_US
dc.identifier.citedreferenceKimball, M. S. ( 1990b ) “ Precautionary Saving in the Small and in the Large.” Econometrica, 58, 53 – 73.en_US
dc.identifier.citedreferenceKimball, M. S. ( 1992 ) “ Precautionary Motives for Holding Assets.” In The New Palgrave Dictionary of Money and Finance, edited by Peter Newman, Murray Milgate, and John Eatwell, pp. 158 – 61. New York: Grove's Dictionaries Inc.en_US
dc.identifier.citedreferenceKimball, M. S. ( 1993 ) “ Standard Risk Aversion.” Econometrica, 61, 589 – 611.en_US
dc.identifier.citedreferenceKimball, M. S., and N. G. Mankiw. ( 1989 ) “ Precautionary Saving and the Timing of Taxes.” Journal of Political Economy, 97, 863 – 79.en_US
dc.identifier.citedreferenceKreps, D., and E. Porteus. ( 1978 ) “ Temporal Resolution of Uncertainty and Dynamic Choice Theory.” Econometrica, 46, 185 – 200.en_US
dc.identifier.citedreferencePratt, J. W. ( 1964 ) “ Risk Aversion in the Small and in the Large.” Econometrica, 32, 122 – 36.en_US
dc.identifier.citedreferencePratt, J. W. ( 1988 ) “ Aversion to One Risk in the Presence of Others.” Journal of Risk and Uncertainty, 1, 395 – 413.en_US
dc.identifier.citedreferenceSelden, L. ( 1978 ) “ A New Representation of Preferences over ‘Certain × Uncertain’ Consumption Pairs: The ‘Ordinal Certainty Equivalent’ Hypothesis.” Econometrica, 46, 1045 – 60.en_US
dc.identifier.citedreferenceSelden, L. ( 1979 ) “ An OCE Analysis of the Effect of Uncertainty on Saving under Risk Independence.” Review of Economic Studies, 73 – 82.en_US
dc.identifier.citedreferenceSkinner, J. ( 1988 ) “ Risky Income, Life-Cycle Consumption and Precautionary Savings.” Journal of Monetary Economics, 22, 237 – 55.en_US
dc.identifier.citedreferencevan der Ploeg, F. ( 1993 ) “ A Closed-Form Solution for a Model of Precautionary Saving.” Review of Economic Studies, 60, 385 – 95.en_US
dc.identifier.citedreferenceWeil, Philippe. ( 1989 ) “ The Equity Premium Puzzle and the Riskfree Rate Puzzle.” Journal of Monetary Economics, 24, 401 – 21.en_US
dc.identifier.citedreferenceWeil, P. ( 1990 ) “ Non-Expected Utility in Macroeconomics.” Quarterly Journal of Economics, 105, 29 – 42.en_US
dc.identifier.citedreferenceWeil, P. ( 1993 ) “ Precautionary Savings and the Permanent Income Hypothesis.” Review of Economic Studies, 60, 367 – 84.en_US
dc.identifier.citedreferenceZeldes, S. ( 1989 ) “ Optimal Consumption with Stochastic Income.” Quarterly Journal of Economics, 104, 275 – 98.en_US
dc.owningcollnameInterdisciplinary and Peer-Reviewed


Files in this item

Show simple item record

Remediation of Harmful Language

The University of Michigan Library aims to describe library materials in a way that respects the people and communities who create, use, and are represented in our collections. Report harmful or offensive language in catalog records, finding aids, or elsewhere in our collections anonymously through our metadata feedback form. More information at Remediation of Harmful Language.

Accessibility

If you are unable to use this file in its current format, please select the Contact Us link and we can modify it to make it more accessible to you.