Skip to:
  1. Main navigation
  2. Main content
  3. Footer
Working Paper

Bankruptcy in the Life-Cycle Consumption Model

An analysis assessing the sensitivity of consumption to income using a life-cycle model of consumption that incorporates the possibility of bankruptcy.

Suggested Citation

Kowalewski, Kim J. 1988. “Bankruptcy in the Life-Cycle Consumption Model.” Federal Reserve Bank of Cleveland, Working Paper No. 88-15.