| dc.contributor.author | Jouini, Elyès | * |
| dc.contributor.author | Napp, Clotilde | * |
| dc.contributor.author | Nocetti, Diego | * |
| dc.date.accessioned | 2013-06-18T07:53:28Z | |
| dc.date.available | 2013-06-18T07:53:28Z | |
| dc.date.issued | 2013 | |
| dc.identifier.uri | https://basepub.dauphine.fr/handle/123456789/11428 | |
| dc.language.iso | en | en |
| dc.subject | Marginal propensity to consume | en |
| dc.subject | Multivariate risk | en |
| dc.subject | Prudence | en |
| dc.subject.ddc | 332 | en |
| dc.subject.classificationjel | D81 | en |
| dc.subject.classificationjel | D91 | en |
| dc.subject.classificationjel | E21 | en |
| dc.title | The marginal propensity to consume and multidimensional risk | en |
| dc.type | Article accepté pour publication ou publié | |
| dc.description.abstracten | Kimball, 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.isversionofjnlname | Economics Letters | |
| dc.relation.isversionofjnlvol | 119 | en |
| dc.relation.isversionofjnlissue | 2 | en |
| dc.relation.isversionofjnldate | 2013 | |
| dc.relation.isversionofjnlpages | 124-127 | en |
| dc.relation.isversionofdoi | http://dx.doi.org/10.1016/j.econlet.2013.02.002 | en |
| dc.identifier.urlsite | https://halshs.archives-ouvertes.fr/halshs-00927262 | |
| dc.relation.isversionofjnlpublisher | Elsevier | en |
| dc.subject.ddclabel | Economie financière | en |
| dc.relation.forthcoming | non | en |
| dc.relation.forthcomingprint | non | en |
| hal.person.labIds | | * |
| hal.person.labIds | | * |
| hal.person.labIds | | * |
