On the concavity of the consumption function

被引:213
作者
Carroll, CD [1 ]
Kimball, MS [1 ]
机构
[1] UNIV MICHIGAN,DEPT ECON,ANN ARBOR,MI 48109
关键词
D O I
10.2307/2171853
中图分类号
F [经济];
学科分类号
02 ;
摘要
One of the more surprising discoveries in macroeconomic theory over the past ten years has been how much the solution to the optimal intertemporal consumption problem can change when income uncertainty is introduced into the problem.
引用
收藏
页码:981 / 992
页数:12
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