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dc.contributor.authorJouini, Elyès*
dc.contributor.authorNapp, Clotilde*
dc.contributor.authorNocetti, Diego*
dc.date.accessioned2013-06-18T07:53:28Z
dc.date.available2013-06-18T07:53:28Z
dc.date.issued2013
dc.identifier.urihttps://basepub.dauphine.fr/handle/123456789/11428
dc.language.isoenen
dc.subjectMarginal propensity to consumeen
dc.subjectMultivariate risken
dc.subjectPrudenceen
dc.subject.ddc332en
dc.subject.classificationjelD81en
dc.subject.classificationjelD91en
dc.subject.classificationjelE21en
dc.titleThe marginal propensity to consume and multidimensional risken
dc.typeArticle accepté pour publication ou publié
dc.description.abstractenKimball, 1990a and Kimball, 1990b established that income risk increases the marginal propensity to consume if and only if absolute prudence decreases. We characterize decreasing and increasing multivariate prudence and show that a multidimensional risk increases the marginal propensity to consume if and only if absolute prudence decreases with wealth, in the sense that its derivative is negative-definite.en
dc.relation.isversionofjnlnameEconomics Letters
dc.relation.isversionofjnlvol119en
dc.relation.isversionofjnlissue2en
dc.relation.isversionofjnldate2013
dc.relation.isversionofjnlpages124-127en
dc.relation.isversionofdoihttp://dx.doi.org/10.1016/j.econlet.2013.02.002en
dc.identifier.urlsitehttps://halshs.archives-ouvertes.fr/halshs-00927262
dc.relation.isversionofjnlpublisherElsevieren
dc.subject.ddclabelEconomie financièreen
dc.relation.forthcomingnonen
dc.relation.forthcomingprintnonen
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