Uninsured Idiosyncratic Risk and Aggregate Saving

作者: S. R. Aiyagari

DOI: 10.2307/2118417

关键词: Systematic riskPrecautionary savingsDebt limitIncomplete marketsQuantitative analysis (finance)Asset (economics)InequalityEconometricsFinancial economicsEconomicsMarket liquidity

摘要: We present a qualitative and quantitative analysis of the standard growth model modified to include precautionary saving motives liquidity constraints. address impact on aggregate rate, importance asset trading individuals, relative inequality wealth income distributions.

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