Uninsured Idiosyncratic Risk and Aggregate Saving

S. Aiyagari

The Quarterly Journal of Economics, 1994, vol. 109, issue 3, 659-684

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

Date: 1994
References: Add references at CitEc
Citations: View citations in EconPapers (2202)

Downloads: (external link)
http://hdl.handle.net/10.2307/2118417 (application/pdf)
Access to full text is restricted to subscribers.

Related works:
Working Paper: Uninsured idiosyncratic risk and aggregate saving (1993)
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:oup:qjecon:v:109:y:1994:i:3:p:659-684.

Ordering information: This journal article can be ordered from
https://academic.oup.com/journals

Access Statistics for this article

The Quarterly Journal of Economics is currently edited by Robert J. Barro, Lawrence F. Katz, Nathan Nunn, Andrei Shleifer and Stefanie Stantcheva

More articles in The Quarterly Journal of Economics from President and Fellows of Harvard College
Bibliographic data for series maintained by Oxford University Press ().