Despite clear evidence of correlations between financial and medical statuses and
decisions, most models treat financial and health-related choices separately. This article …

We employ a model of precautionary saving to study why household saving rates are high in
China and low in the United States. The use of recursive preferences gives a convenient …

Dynastic models common in macroeconomics use a single parameter to control the
willingness of individuals to substitute consumption both intertemporally, or across periods …

In this paper, we compare growth and welfare effects of various budget rules within an
endogenous growth model with productive public capital, utility enhancing public …

This paper employs an endogenous growth model to study the growth and welfare effects of
the golden rule of public finance. Two versions are compared, whereby government deficits …

Jumlah produksi jagung yang lebih besar dibandingkan dengan konsumsi jagung
menunjukkan bahwa tidak pernah terjadi ketimpangan antara produksi dan konsumsi …

This paper investigates the implications of aggregation in empirical analyses of Euler
equations for consumption. We compare the results obtained after estimating the same …

Prudence is a behavioral attitude that is broadly applicable to settings involving risk. It has
particular importance in intertemporal choice theory, where it can be interpreted as the …

This paper characterizes the saving rate in the Ramsey–Cass–Koopmans model analytically
with a general production function when there exist both exogenous and endogenous …

This note aims to shed light on the relationship between interest rates and household
savings in Norway. To this end, I use a simple life-cycle model that accounts for actual debt …