The effect of future income uncertainty in savings decision Export

@article{citeulike:2443799, abstract = {This paper analyzes consumption and savings decisions in a two-period consumption setting, supposing that future income is uncertain in the sense of Knight (Knight, F., 1921. Risk, uncertainty, and profit (Boston: Houghton Mi2in)). The results imply that uncertainty averse agents save more than risk averse agents.}, author = {Gomes, Fabio A.}, citeulike-article-id = {2443799}, citeulike-linkout-0 = {http://dx.doi.org/10.1016/j.econlet.2007.05.008}, citeulike-linkout-1 = {http://www.sciencedirect.com/science/article/B6V84-4NP97X9-3/2/cb2eded6459f8e35c0f68ec6fc2b82a8}, doi = {10.1016/j.econlet.2007.05.008}, journal = {Economics Letters}, keywords = {risk, uncertainty}, month = {March}, number = {3}, pages = {269--274}, posted-at = {2008-02-28 14:28:40}, priority = {2}, title = {The effect of future income uncertainty in savings decision}, url = {http://dx.doi.org/10.1016/j.econlet.2007.05.008}, volume = {98}, year = {2008} }

TY - JOUR ID - citeulike:2443799 L3 - citeulike-article-id:2443799 N2 - This paper analyzes consumption and savings decisions in a two-period consumption setting, supposing that future income is uncertain in the sense of Knight (Knight, F., 1921. Risk, uncertainty, and profit (Boston: Houghton Mi2in)). The results imply that uncertainty averse agents save more than risk averse agents. IS - 3 JF - Economics Letters EP - 274 TI - The effect of future income uncertainty in savings decision VL - 98 SP - 269 KW - risk KW - uncertainty AU - Gomes, Fabio PY - 2008/03// UR - http://dx.doi.org/10.1016/j.econlet.2007.05.008 ER -