Consumption, earnings risk, and payout ratios
نویسندگان
چکیده
منابع مشابه
Earnings, consumption and lifecycle choices
We discuss recent developments in the literature that studies how the dynamics of earnings and wages affect consumption choices over the life cycle. We start by analyzing the theoretical impact of income changes on consumption highlighting the role of persistence, information, size and insurability of changes in economic resources. We next examine the empirical contributions, distinguishing bet...
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ژورنال
عنوان ژورنال: American J. of Finance and Accounting
سال: 2019
ISSN: 1752-7767,1752-7775
DOI: 10.1504/ajfa.2019.104194