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Showing 1 to 2 of 2 for “"Optimal Savings"”.
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Uncertainty and the effects of a pay-as-you-go social security program on economic growth
… context of uncertainty. Individual consumption-savings and portfolio decisions are integrated into stochastic growth models to find how a social security program alters intermediate and long-run equilibrium factor payments. Two forms of uncertainty are used, namely, production uncertainty and …
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Essays on Self-Control
… costly self-control and temptation have on optimal borrowing</p><p>and saving mechanisms. The second chapter shows that costly self-control</p><p>and temptation can be differentiated from changing impatience in a</p><p>stochastic income consumption-savings environment. The third …