Buffer-Stock Saving and the Life Cycle/Permanent Income Hypothesis
收藏NBER1996-10-01 更新2025-01-04 收录
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https://www.nber.org/papers/w5788
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资源简介：
This paper argues that the typical household's saving is better described by a "bufferstock" version than by the traditional version of the Life Cycle/Permanent Income Hypothesis (LC/PIH) model. Buffer-stock behavior emerges if consumers with important income uncertainty are sufficiently impatient.
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美国国家经济研究局创建时间：
1996-10-01
