Monika Bütler
Title
Prof. Dr. Dr. h.c.
Last Name
Bütler
First name
Monika
Email
monika.buetler@unisg.ch
Phone
+41 71 224 23 17
Twitter
@MonikaBuetler
1 results
Now showing 1 - 1 of 1
- Some of the metrics are blocked by yourconsent settings
Item type:Publication, Neoclassical Life-Cycle Consumption: A Textbook ExampleWe present a simple neoclassical life-cycle model in continuous time, in which the effects of endogenous labor supply, uncertain lifetime, and family composition on consumption and income profiles are jointly analyzed. Due to a parsimonious specification, analytical solutions for consumption growth are available for constant intertemporal elasticity of substitution preferences. Without relying on borrowing constraints, the model can generate a hump in the consumption profile, and a comovement of consumption and income during working life.Type:journal articleJournal:Economic TheoryVolume:17Issue:1Scopus© Citations 47