Title of article
The effect of future income uncertainty in savings decision
Author/Authors
F?bio Augusto Reis Gomes، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2008
Pages
6
From page
269
To page
274
Abstract
This paper analyzes consumption and savings decisions in a two-period consumption setting, supposing that future income is uncertain in the sense of Knight (Knight, F., 1921. Risk, uncertainty, and profit (Boston: Houghton Mi2in)). The results imply that uncertainty averse agents save more than risk averse agents.
Keywords
Consumption , Savings , Uncertainty Aversion
Journal title
Economics Letters
Serial Year
2008
Journal title
Economics Letters
Record number
436398
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