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Saving and Liquidity Constraints

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NBER1989-12-01 更新2025-01-04 收录
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https://www.nber.org/papers/w3196
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This paper is concerned with the theory of saving when consumers are not permitted to borrow, and with the ability of such a theory to account for some of the stylized facts of saving behavior. When consumers are relatively impatient, and when labor income is independently and identically
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1989-12-01
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