The Rigidity of Choice. Lifetime savings with information-processing limits

life. Moreover, numerical results show that consumers with processing capacity constraints have asymmetric responses to shocks, with negative shocks producing more persistent effects than positive ones. This asymmetry results into more savings. The findings suggest information-processing limits as an additional motive for precautionary savings.

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Year of publication:	2008
Authors:	Tutino, Antonella
Institutions:	Society for Economic Dynamics - SED

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Series:	2008 Meeting Papers.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series 2008 SED Meeting Papers Number 213
Source:	RePEc - Research Papers in Economics

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