Uninsured Idiosyncratic Risk and Aggregate Saving | Zendy

S. Rao Aiyagari | Zendy

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Uninsured Idiosyncratic Risk and Aggregate Saving

Author(s) -

S. Rao Aiyagari

Publication year - 1994

Publication title -

the quarterly journal of economics

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 34.573

H-Index - 259

eISSN - 1531-4650

pISSN - 0033-5533

DOI - 10.2307/2118417

Subject(s) - systematic risk , market liquidity , economics , aggregate (composite) , asset (computer security) , precautionary savings , inequality , wealth distribution , econometrics , monetary economics , mathematics , computer science , mathematical analysis , materials science , computer security , composite material

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.

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