Matches in SemOpenAlex for { <https://semopenalex.org/work/W3123981523> ?p ?o ?g. }
Showing items 1 to 91 of
91
with 100 items per page.
- W3123981523 abstract "Abstract The derivation of a closed-form solution for consumption based on the constant elasticity utility function in the presence of stochastic labor income has proved to be intractable. This paper derives a closed-form equilibrium relationship between consumption and wealth, one that holds along a balanced growth path in a stochastic Romer endogenous growth model. By employing more general recursive preferences, we can disentangle the coefficient of relative risk aversion from the intertemporal elasticity of substitution. The effects of key structural parameters on equilibrium consumption and its tradeoff with leisure are analyzed. A significant aspect of our analysis concerns the extent to which current risk in the economy is shared between labor and capital. This plays an important role in determining the impact of risk on the economy in general, and on consumption in particular. Formal analysis is supplemented with extensive numerical simulations." @default.
- W3123981523 created "2021-02-01" @default.
- W3123981523 creator A5027693628 @default.
- W3123981523 creator A5057293659 @default.
- W3123981523 date "2004-10-01" @default.
- W3123981523 modified "2023-09-27" @default.
- W3123981523 title "Equilibrium Consumption and Precautionary Savings in a Stochastically Growing Economy" @default.
- W3123981523 hasPublicationYear "2004" @default.
- W3123981523 type Work @default.
- W3123981523 sameAs 3123981523 @default.
- W3123981523 citedByCount "0" @default.
- W3123981523 crossrefType "posted-content" @default.
- W3123981523 hasAuthorship W3123981523A5027693628 @default.
- W3123981523 hasAuthorship W3123981523A5057293659 @default.
- W3123981523 hasConcept C121854251 @default.
- W3123981523 hasConcept C129915516 @default.
- W3123981523 hasConcept C139719470 @default.
- W3123981523 hasConcept C144024400 @default.
- W3123981523 hasConcept C144237770 @default.
- W3123981523 hasConcept C149782125 @default.
- W3123981523 hasConcept C159985019 @default.
- W3123981523 hasConcept C162324750 @default.
- W3123981523 hasConcept C175444787 @default.
- W3123981523 hasConcept C190430219 @default.
- W3123981523 hasConcept C192562407 @default.
- W3123981523 hasConcept C195742910 @default.
- W3123981523 hasConcept C205649164 @default.
- W3123981523 hasConcept C205706631 @default.
- W3123981523 hasConcept C2776195949 @default.
- W3123981523 hasConcept C2776943663 @default.
- W3123981523 hasConcept C2777601356 @default.
- W3123981523 hasConcept C2778348673 @default.
- W3123981523 hasConcept C2780138423 @default.
- W3123981523 hasConcept C2983335520 @default.
- W3123981523 hasConcept C30772137 @default.
- W3123981523 hasConcept C36289849 @default.
- W3123981523 hasConcept C50522688 @default.
- W3123981523 hasConcept C58640448 @default.
- W3123981523 hasConcept C97684219 @default.
- W3123981523 hasConceptScore W3123981523C121854251 @default.
- W3123981523 hasConceptScore W3123981523C129915516 @default.
- W3123981523 hasConceptScore W3123981523C139719470 @default.
- W3123981523 hasConceptScore W3123981523C144024400 @default.
- W3123981523 hasConceptScore W3123981523C144237770 @default.
- W3123981523 hasConceptScore W3123981523C149782125 @default.
- W3123981523 hasConceptScore W3123981523C159985019 @default.
- W3123981523 hasConceptScore W3123981523C162324750 @default.
- W3123981523 hasConceptScore W3123981523C175444787 @default.
- W3123981523 hasConceptScore W3123981523C190430219 @default.
- W3123981523 hasConceptScore W3123981523C192562407 @default.
- W3123981523 hasConceptScore W3123981523C195742910 @default.
- W3123981523 hasConceptScore W3123981523C205649164 @default.
- W3123981523 hasConceptScore W3123981523C205706631 @default.
- W3123981523 hasConceptScore W3123981523C2776195949 @default.
- W3123981523 hasConceptScore W3123981523C2776943663 @default.
- W3123981523 hasConceptScore W3123981523C2777601356 @default.
- W3123981523 hasConceptScore W3123981523C2778348673 @default.
- W3123981523 hasConceptScore W3123981523C2780138423 @default.
- W3123981523 hasConceptScore W3123981523C2983335520 @default.
- W3123981523 hasConceptScore W3123981523C30772137 @default.
- W3123981523 hasConceptScore W3123981523C36289849 @default.
- W3123981523 hasConceptScore W3123981523C50522688 @default.
- W3123981523 hasConceptScore W3123981523C58640448 @default.
- W3123981523 hasConceptScore W3123981523C97684219 @default.
- W3123981523 hasLocation W31239815231 @default.
- W3123981523 hasOpenAccess W3123981523 @default.
- W3123981523 hasPrimaryLocation W31239815231 @default.
- W3123981523 hasRelatedWork W1479984335 @default.
- W3123981523 hasRelatedWork W1520377808 @default.
- W3123981523 hasRelatedWork W1568228009 @default.
- W3123981523 hasRelatedWork W1971544565 @default.
- W3123981523 hasRelatedWork W1971786443 @default.
- W3123981523 hasRelatedWork W1998402852 @default.
- W3123981523 hasRelatedWork W2007196713 @default.
- W3123981523 hasRelatedWork W2016056892 @default.
- W3123981523 hasRelatedWork W2026435519 @default.
- W3123981523 hasRelatedWork W2052111784 @default.
- W3123981523 hasRelatedWork W2114426094 @default.
- W3123981523 hasRelatedWork W2129474672 @default.
- W3123981523 hasRelatedWork W2133854120 @default.
- W3123981523 hasRelatedWork W2135192112 @default.
- W3123981523 hasRelatedWork W2326553403 @default.
- W3123981523 hasRelatedWork W2355185672 @default.
- W3123981523 hasRelatedWork W3022081586 @default.
- W3123981523 hasRelatedWork W3124801758 @default.
- W3123981523 hasRelatedWork W3125548796 @default.
- W3123981523 hasRelatedWork W3126102354 @default.
- W3123981523 isParatext "false" @default.
- W3123981523 isRetracted "false" @default.
- W3123981523 magId "3123981523" @default.
- W3123981523 workType "article" @default.