Effects of uncertain lifetime and annuity insurance on capital accumulation and growth

Economic Theory

Volumn 13, Issue 2, 1999, Pages 429-445

  Fuster, Luisa ^a  

^a DEPARTMENT OF ECONOMICS AND BUSINESS   (Spain)

Author keywords

Accidental bequests; Asymptotic growth; Convex technology; Perfect annuities market; Uncertain lifetimes

Indexed keywords

EID: 0033248335     PISSN: 09382259     EISSN: None     Source Type: Journal    
DOI: 10.1007/s001990050263     Document Type: Article

References (13)

1. 1. Abel A. B.: Precautionary saving and accidental bequests. American Economic Review 75, 777-791 (1985)
2. 2. Blanchard, O. J.: Debt, deficits, and finite horizons. Journal of Political Economy 93, 223-247 (1985)
3. 3. Boldrin, M.: Dynamic externalities, multiple equilibria, and growth. Journal of Economic Theory 58, 198-218 (1992)
4. 4. Davies, J.: Uncertain lifetime, consumption, and dissaving in retirement. Journal of Political Economy 89, 561-577 (1981)
5. 5. Doob, J. L.: Stochastic processes. New York: Wiley 1953
6. 6. Fuster, L.: Growth in convex technology models. Manuscript, Universitat Pompeu Fabra (1996)
7. 7. Gale, D., Sutherland, W. R.: Analysis of a one good model of economic development. In: Dantzig, Veinott (eds.) Mathematics of the Decision Sciences, pt. 2. Providence, RI: American Mathematical Society 1968
8. 8. Galor O., Ryder H. E.: Existence, uniqueness, and stability of equilibrium in an overlapping-generations model with productive capital. Journal of Economic Theory 49, 360-375 (1989)
9. 9. Jones L., Manuelli R.: A convex model of equilibrium growth: theory and policy implications. Journal of Political Economy 98, 1008-1038 (1990)
10. 10. Jones L., Manuelli R.: Finite lifetimes and growth. Journal of Economic Theory 58, 171-197 (1992)
11. 11. Kotlikoff, L. J., Shoven J., Spivak, A.: Annuity insurance, savings, and inequality. In: What determines savings? Cambridge, MA: The MIT Press 1989
12. 12. Stokey, N. L., Lucas, R. E., with Prescott, E. C.: Recursive methods in economic dynamics. Cambridge, MA: Harvard University Press 1989
13. 13. Yaari, M. E. : Uncertain lifetime, life insurance, and the theory of the consumer. Review of Economic Studies 32, 137-150 (1965)