Buffer-stock saving in a Krusell-Smith world

Economics Letters

Volumn 132, Issue , 2015, Pages 97-100

  Carroll, Christopher D ^a,d   Slacalek, Jiri ^b   Tokuoka, Kiichi ^c  

^a JOHNS HOPKINS UNIVERSITY   (United States)

^b EUROPEAN CENTRAL BANK   (Germany)

^c Ministry of Finance   (Japan)

^d Office of Financial Protection for Older Americans   (United States)

Author keywords

Household heterogeneity; Household income process; Wealth inequality

Indexed keywords

EID: 84929307561     PISSN: 01651765     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.econlet.2015.04.021     Document Type: Article

References (9)

1. Blanchard Olivier~J. Debt, deficits, and finite horizons. J. Polit. Econ. 1985, 93(2):223-247.
2. Carroll Christopher~D. The buffer-stock theory of saving: some macroeconomic evidence. Brookings Pap. Econ. Act. 1992, 1992(2):61-156. http://econ.jhu.edu/people/ccarroll/BufferStockBPEA.pdf.
3. Carroll, Christopher D., Slacalek, Jiri, Tokuoka, Kiichi, 2014, Buffer-Stock Saving in a Krusell-Smith World, Working Paper 1633, European Central Bank.
4. Carroll, Christopher D., Slacalek, Jiri, Tokuoka, Kiichi, White, Matthew N., 2015, The Distribution of Wealth and the Marginal Propensity to Consume, mimeo, Johns Hopkins University, At . http://econ.jhu.edu/people/ccarroll/papers/cstwMPC.pdf.
5. DeBacker Jason, Heim Bradley, Panousi Vasia, Ramnath Shanthi, Vidangos Ivan Rising inequality: transitory or persistent? New evidence from a panel of US tax returns. Brookings Papers on Economic Activity 2013, vol. 46 (1 (Spring)):67-122.
6. Den Haan Wouter J., Judd Kenneth L., Juillard Michel Computational suite of models with heterogeneous agents: incomplete markets and aggregate uncertainty. J. Econom. Dynam. Control 2010, 34(1):1-100.
7. Friedman Milton~A. A Theory of the Consumption Function 1957, Princeton University Press.
8. Krusell Per, Smith Anthony~A. Income and wealth heterogeneity in the macroeconomy. J. Polit. Econ. 1998, 106(5):867-896.
9. Meghir Costas, Pistaferri Luigi Earnings, consumption and life cycle choices. Handbook of Labor Economics 2011, vol.~4:773-854. Elsevier, chap.9. O. Ashenfelter, D. Card (Eds.).