What people are saying - Write a review
We haven't found any reviews in the usual places.
Studies in savingspast and present
A general microtheory of optimal allocation of consumption
Appendix A to chapter
13 other sections not shown
according age-class analysis applied asset price levels assumed basic model change in personal chapter coefficients coefficients of variation component consumption and savings consumption functions depend derived desired final personal diagonal differences discount factors dissavings effects of varying empirical estimates expected value final personal wealth first-order conditions future income hand hence household implies income effect income recipients increase individuals initial personal wealth interest rates latter least lifetime budget equation main diagonal marginal propensities marginal utility matrix maximizing means micro-model negative negative-definite Netherlands occupational optimal optimum parameters point estimates rate of interest respectively savings behaviour savings functions savings model savings rates Savings Survey savings theory second-order conditions specific standard errors substitution effect sumption survival rates theoretical time-series time-series analysis tion urgency to consume utility function variables variance variations versions wealth accumulation wealth effect zero