Wealth Accumulation Over the Life Cycle and Precautionary Savings
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- 1 July 2003
- journal article
- Published by Taylor & Francis in Journal of Business & Economic Statistics
- Vol. 21 (3) , 339-353
- https://doi.org/10.1198/073500103288619007
Abstract
This article constructs and simulates a life cycle model of wealth accumulation and estimates the parameters of the utility function (the rate of time preference and the coefficient of risk aversio...Keywords
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