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Clemens, C., Soretz, S. Konsequenzen des Zins- und Einkommensrisikos auf das wirtschaftliche Wachstum. Journal of Contextual Economics – Schmollers Jahrbuch, 119(4), 593-614. https://doi.org/10.3790/schm.119.4.593
Clemens, Christiane and Soretz, Susanne "Konsequenzen des Zins- und Einkommensrisikos auf das wirtschaftliche Wachstum" Journal of Contextual Economics – Schmollers Jahrbuch 119.4, 1999, 593-614. https://doi.org/10.3790/schm.119.4.593
Clemens, Christiane/Soretz, Susanne (1999): Konsequenzen des Zins- und Einkommensrisikos auf das wirtschaftliche Wachstum, in: Journal of Contextual Economics – Schmollers Jahrbuch, vol. 119, iss. 4, 593-614, [online] https://doi.org/10.3790/schm.119.4.593
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Konsequenzen des Zins- und Einkommensrisikos auf das wirtschaftliche Wachstum

Clemens, Christiane | Soretz, Susanne

Journal of Contextual Economics – Schmollers Jahrbuch, Vol. 119 (1999), Iss. 4 : pp. 593–614

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Article Details

Publisher Name
Duncker & Humblot
DOI
https://doi.org/10.3790/schm.119.4.593
Language
Multiple languages
Pages
22

Clemens, Christiane

Soretz, Susanne

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Abstract

This paper analyzes the effects of aggregate productivity shocks on intertemporal decisionmaking of risk averse agents. We focus especially on the consequences for long-run growth. We demonstrate that not only the degree of risk aversion but also the source of income is crucial for the impact of the stochastic disturbances. In the presence of a pure capital risk, growth effects are different from those arising when agents are subject to capital and income risk.

Table of Contents

Section Title Page Action Price
Christiane Clemens/Susanne Soretz: Konsequenzen des Zins- und Einkommensrisikos\rauf das wirtschaftliche Wachstum 593
1. Vorbemerkungen 593
2. Das Ausgangsmodell 596
3. Technologie und Marktgleichgewicht 601
4. Vorsichtsersparnis bei Zins- und Einkommensrisiko 608
5. Schlußbemerkungen 610
Anhang 611
Literatur 612
Zusammenfassung 614
Abstract 614

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