Precautionary saving and fuzzy information

被引：1
|
作者：
Hauenschild, N [1 ]
Stahlecker, P [1 ]
机构：
[1] Univ Hamburg, Inst Stat & Econometr, D-20146 Hamburg, Germany
来源：
ECONOMICS LETTERS | 2001年 / 70卷 / 01期
关键词：
intertemporal life-cycle models; fuzzy sets; defuzzification strategy; precautionary saving;
D O I：
10.1016/S0165-1765(00)00331-1
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
We consider a two-period life-cycle model where uncertainty about future labour income is modelled by a fuzzy set. Applying a defuzzification strategy that explicitly takes the individual's behaviour towards risk into account, we show that pessimistic individuals engage in precautionary savings even if marginal utility is not convex, e.g. in case of a quadratic utility function. (C) 2001 Elsevier Science B.V. All rights reserved. JEL classification: D81; D91.
引用
收藏
页码：107 / 114
页数：8
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