메뉴 건너뛰기




Volumn 11, Issue 1, 2008, Pages 83-103

Social security reform with uninsurable income risk and endogenous borrowing constraints

Author keywords

Endogenous borrowing constraints; Equilibrium default; Heterogeneous agents; Incomplete markets; Social security

Indexed keywords


EID: 36849013508     PISSN: 10942025     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.red.2007.04.007     Document Type: Article
Times cited : (10)

References (20)
  • 1
    • 21844504524 scopus 로고
    • Uninsured idiosyncratic risk and aggregate savings
    • Aiyagari R. Uninsured idiosyncratic risk and aggregate savings. Quarterly Journal of Economics 109 3 (1994) 659-684
    • (1994) Quarterly Journal of Economics , vol.109 , Issue.3 , pp. 659-684
    • Aiyagari, R.1
  • 2
    • 0001393537 scopus 로고    scopus 로고
    • Efficiency, equilibrium and asset pricing with risk of default
    • Alvarez F., and Jermann U. Efficiency, equilibrium and asset pricing with risk of default. Econometrica 68 (2000) 775-797
    • (2000) Econometrica , vol.68 , pp. 775-797
    • Alvarez, F.1    Jermann, U.2
  • 3
    • 36849053877 scopus 로고    scopus 로고
    • Andolfatto, D., Gervais, M., 2001. Social security, the payroll tax, and endogenous debt constraints. Mimeo
  • 5
    • 36849058696 scopus 로고    scopus 로고
    • Bai, H., Zhang, J., 2005. Financial integration and international risk sharing. Mimeo
  • 6
    • 36849027646 scopus 로고    scopus 로고
    • Housing wealth and the accumulation of financial debt: Evidence from UK households
    • Bertola G., Disney R., and Grant C. (Eds), The MIT Press
    • Bridget S., Disney R., and Henley A. Housing wealth and the accumulation of financial debt: Evidence from UK households. In: Bertola G., Disney R., and Grant C. (Eds). The Economics of Consumer Credit (2006), The MIT Press
    • (2006) The Economics of Consumer Credit
    • Bridget, S.1    Disney, R.2    Henley, A.3
  • 7
    • 36849009162 scopus 로고    scopus 로고
    • Butelmann, A., Gallego, F., 2000. Household savings in Chile: Microeconomic evidence. Working paper No. 63. Central Bank of Chile
  • 8
    • 36849014831 scopus 로고    scopus 로고
    • Chatterjee, S., Corbae, D., Nakajima, M., Ríos-Rull, J.V., 2004. A quantitative theory of unsecured consumer credit with risk of default. Mimeo
  • 9
    • 0001385585 scopus 로고    scopus 로고
    • Social security reform with heterogeneous agents
    • Conesa J.C., and Krueger D. Social security reform with heterogeneous agents. Review of Economic Dynamics 2 (1999) 757-795
    • (1999) Review of Economic Dynamics , vol.2 , pp. 757-795
    • Conesa, J.C.1    Krueger, D.2
  • 10
    • 36849023081 scopus 로고    scopus 로고
    • Fernandez Villaverde, J., Krueger, D., 2002. Consumption and savings over the life cycle: How important are consumer durables? In: Proceedings of the 2002 North American Summer Meetings of the Econometric Society
  • 11
    • 0004853549 scopus 로고    scopus 로고
    • Is altruism important for understanding the long-run effects of social security?
    • Fuster L. Is altruism important for understanding the long-run effects of social security?. Review of Economic Dynamics 2 (1999) 616-667
    • (1999) Review of Economic Dynamics , vol.2 , pp. 616-667
    • Fuster, L.1
  • 12
    • 84986409625 scopus 로고
    • The cyclical and secular behavior of the labor input: Comparing efficiency units and hours worked
    • Hansen G. The cyclical and secular behavior of the labor input: Comparing efficiency units and hours worked. Journal of Applied Econometrics 8 (1993) 71-80
    • (1993) Journal of Applied Econometrics , vol.8 , pp. 71-80
    • Hansen, G.1
  • 13
    • 0001140573 scopus 로고
    • The risk-free rate in heterogeneous-agent incomplete insurance economies
    • Huggett M. The risk-free rate in heterogeneous-agent incomplete insurance economies. Journal of Economic Dynamics and Control 17 (1993) 53-69
    • (1993) Journal of Economic Dynamics and Control , vol.17 , pp. 53-69
    • Huggett, M.1
  • 16
    • 36849059693 scopus 로고    scopus 로고
    • Krueger, D., Perri, F., 1999. Risk sharing: Private insurance markets or redistributive taxes. Staff report. Federal Reserve Bank of Minneapolis
  • 19
    • 38249044049 scopus 로고
    • Finite state Markov chain approximations to univariate and vector autoregressions
    • Tauchen G. Finite state Markov chain approximations to univariate and vector autoregressions. Economics Letters 20 (1986) 177-181
    • (1986) Economics Letters , vol.20 , pp. 177-181
    • Tauchen, G.1
  • 20
    • 0040833310 scopus 로고    scopus 로고
    • Endogenous borrowing constraint with incomplete markets
    • Zhang H. Endogenous borrowing constraint with incomplete markets. Journal of Finance 52 5 (1997) 2187-2209
    • (1997) Journal of Finance , vol.52 , Issue.5 , pp. 2187-2209
    • Zhang, H.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.