Evaluating Risky Consumption Paths: The Role of Intertemporal Substitutability
收藏NBER1995-01-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/t0120
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资源简介：
In dynamic stochastic welfare comparisons, a failure clearly to distinguish between risk aversion and intertemporal substitutability can result in misleading assessments of the impact of risk aversion on the welfare costs of consumption-risk changes. The problem arises in any setting in which
提供机构：
美国国家经济研究局
创建时间：
1995-01-01
