EconPapers    
Economics at your fingertips  
 

Saving for Retirement with Job Loss Risk

Borys Grochulski and Yuzhe Zhang ()

Economic Quarterly, 2013, issue 1Q, 45-81

Abstract: This article studies a tractable theoretical model of optimal consumption and saving decisions with endogenous retirement. Particular attention is paid to the impact of an increase in the risk of losing one’s job on the optimal path of consumption and wealth accumulation. Even if one does not actually lose their job, an increase in the risk of a job loss is by itself sufficient to cause lower consumption, higher saving, and, through faster retirement, lower labor supply.

JEL-codes: J26 (search for similar items in EconPapers)
Date: 2013
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2) Track citations by RSS feed

Downloads: (external link)
http://www.richmondfed.org/publications/research/e ... 1/pdf/grochulski.pdf Full text (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fip:fedreq:00003

Ordering information: This journal article can be ordered from
http://www.richmondfed.org/publications/

Access Statistics for this article

More articles in Economic Quarterly from Federal Reserve Bank of Richmond Contact information at EDIRC.
Bibliographic data for series maintained by Christian Pascasio ().

 
Page updated 2019-10-16
Handle: RePEc:fip:fedreq:00003