Optimal Consumption and Savings with Stochastic Income and Recursive Utility
NBER Working Paper No. 19319
---- Acknowledgements ----
We thank Cristina De Nardi, Lars Peter Hansen, Dirk Krueger, Ricardo Lagos, Tom Sargent, Stijn Van Nieuwerburgh, Suresh Sundaresan, Amir Yaron, Steve Zeldes, and two anonymous referees 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.