35 citations · 88 across the 11 of their papers we have counts for
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econ.TH2025
A Theory of Saving under Risk Preference Dynamics
Qingyin Ma, Xinxi Song, Alexis Akira Toda
Empirical evidence shows that wealthy households have substantially higher saving rates and markedly lower marginal propensity to consume (MPC) than other groups. Existing theory c…
econ.TH2025
Wealth Preferences and the Upper Tail of Consumption
Qingyin Ma, Alexis Akira Toda
We develop a theory of optimal saving when wealth enters utility. Relative curvatures of consumption and wealth utility, and , govern the upper-tail behavior. When , we…