Construct · 1 fields · 1 citations

Aiyagari model: a standalone construct

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Macroeconomics

a general equilibrium model in which households self-insure uninsurable income risk by saving, raising aggregate saving.

In macroeconomics, Aiyagari model refers to a general equilibrium model in which households self-insure uninsurable income risk by saving, raising aggregate saving. This meaning comes from Aiyagari (1994) in The Quarterly Journal of Economics.[1]

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Nearby constructs

aggregate3 fields · 6 citationsjingle · one word, three constructs equilibrium4 fields · 4 citationsjingle · one word, four constructs model3 fields · 3 citationsjingle · one word, three constructs

References

Aiyagari, S. R. (1994). Uninsured Idiosyncratic Risk and Aggregate Saving. The Quarterly Journal of Economics, 109(3), 659-684. https://doi.org/10.2307/2118417

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