Commitment, Risk, and Consumption: Do Birds of a Feather Have Bigger Nests?
收藏NBER2005-08-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w11588
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资源简介：
We show that incorporating consumption commitments into a standard model of precautionary saving can complicate the usual relationship between risk and consumption. In particular, we present a model where the presence of plausible adjustment costs can cause a mean-preserving increase in unemployment
提供机构：
美国国家经济研究局
创建时间：
2005-08-01
