UNINSURED IDIOSYNCRATIC RISK AND AGGREGATE SAVING

被引:990
作者
AIYAGARI, SR
机构
关键词
D O I
10.2307/2118417
中图分类号
F [经济];
学科分类号
02 ;
摘要
We present a qualitative and quantitative analysis of the standard growth model modified to include precautionary saving motives and liquidity constraints. We address the impact on the aggregate saving rate, the importance of asset trading to individuals, and the relative inequality of wealth and income distributions.
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页码:659 / 684
页数:26
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