Aggregate precautionary savings: when is the third derivative irrelevant?

Increasing risk: I. A definition

1970 • 3,861 citations

Recursive Methods in Economic Dynamics

1989 • 3,199 citations

Uninsured Idiosyncratic Risk and Aggregate Saving

1994 • 2,672 citations

Income and Wealth Heterogeneity in the Macroeconomy

1998 • 2,297 citations

Household Saving: Micro Theories and Micro Facts

1996 • 1,814 citations

Saving and Liquidity Constraints

1991 • 1,535 citations

Understanding Consumption

1992 • 1,376 citations

Saving and Uncertainty: The Precautionary Demand for Saving

1968 • 1,324 citations

Probability and Measure.

1986 • 1,303 citations

The Effect of Uncertainty on Saving Decisions

1970 • 910 citations

Equilibrium search and unemployment

1974 • 711 citations

Wealth distribution in life-cycle economies

1996 • 620 citations

Consumption decisions under uncertainty

1972 • 593 citations

Increases in risk and in risk aversion

1974 • 534 citations

Risky income, life cycle consumption, and precautionary savings

1988 • 521 citations

On the Long-Run Steady State in a Simple Dynamic Model of Equilibrium with Heterogeneous Households

1980 • 445 citations

Optimal Capital Income Taxation with Incomplete Markets, Borrowing Constraints, and Constant Discounting

1995 • 416 citations

Earnings Uncertainty and Aggregate Wealth Accumulation

1991 • 257 citations

Uncertainty and Optimal Consumption Decisions

1971 • 197 citations

Survey of financial characteristics of consumers

1966 • 176 citations

On optimal growth under uncertainty

1975 • 172 citations

The one-sector growth model with idiosyncratic shocks: Steady states and dynamics

1997 • 144 citations

An income fluctuation problem

1976 • 138 citations

Income and Wealth Heterogeneity in the Macroeconomic

1995 • 112 citations

Permanent and transitory income effects in a model of optimal consumption with wage income uncertainty

1975 • 80 citations

The effect on optimal consumption of increased uncertainty in labor income in the multiperiod case

1976 • 75 citations

Optimal Consumption with a Stochastic Income Stream

1974 • 69 citations

International Lending and Borrowing in a Stochastic, Stationary Equilibrium

1990 • 65 citations

Asset Management with Trading Uncertainty

1975 • 57 citations

Cosumption decisions under uncertainty

1972 • 45 citations

Bequests, Golden-age Capital Accumulation and Government Debt

1979 • 40 citations

On income fluctuations and capital gains

1984 • 24 citations

Optimal Consumption Policy under Uncertain Income

1982 • 22 citations

The dynamics of competitive equilibrium allocations with borrowing constraints

1991 • 17 citations

Optimal Intertemporal Consumption Under Uncertainty

1984 • 5 citations