NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Optimal Consumption and Savings with Stochastic Income

Chong Wang, Neng Wang, Jinqiang Yang

NBER Working Paper No. 19319
Issued in August 2013

---- Acknowledgements -----

We thank Mark Gertler, Pierre-Olivier Gourinchas, Lars Hansen, Bob Hodrick, Erik Hurst, Dirk Krueger, Fabrizio Perri, Tom Sargent, Suresh Sundaresan, Steve Zeldes, and seminar participants at Columbia and SUFE for helpful comments. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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