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Disentangling Insurance and Information in Intertemporal Consumption Choices
Intertemporal Consumption Choices Information
2015/7/23
The textbook version of the life-cycle permanent income hypothesis with no liquidity constraints predicts that consumption should react
very mildly to (unanticipated) transitory income
changes and...
An optimal life insurance policy in the investment-consumption problem in an incomplete market
life insurance policy the investment-consumption problem incomplete market
2010/12/13
This paper considers an optimal life insurance for a householder subject to mortality risk. The household receives a wage income continuously, which is terminated by unexpected (premature) loss of ear...