Bommier, Antoine; Chassagnon, Arnold; Le Grand, François - 2010
We consider a formal approach to comparative risk aversion and applies it to intertemporal choice models. This allows …], Epstein and Zin [9] and Quiggin [24] are well-ordered in terms of risk aversion. Moreover, opting for this model-free approach … allows us to establish new general results on the impact of risk aversion on savings behaviors. In particular, we show that …