id	sid	tid	token	lemma	pos
fsr-3721	1	1	pii	pii	PROPN
fsr-3721	1	2	:	:	PUNCT
fsr-3721	1	3	1057	1057	NUM
fsr-3721	1	4	-	-	SYM
fsr-3721	1	5	0810(93)90005	0810(93)90005	NUM
fsr-3721	1	6	-	-	PUNCT
fsr-3721	1	7	b	b	NOUN
fsr-3721	1	8	ftnancial	ftnancial	ADJ
fsr-3721	1	9	services	service	NOUN
fsr-3721	1	10	review	review	NOUN
fsr-3721	1	11	,	,	PUNCT
fsr-3721	1	12	3(l	3(l	NUM
fsr-3721	1	13	):	):	PUNCT
fsr-3721	1	14	45	45	NUM
fsr-3721	1	15	-	-	SYM
fsr-3721	1	16	58	58	NUM
fsr-3721	1	17	copyri&t	copyri&t	PROPN
fsr-3721	1	18	0	0	NUM
fsr-3721	1	19	1993	1993	NUM
fsr-3721	1	20	by	by	ADP
fsr-3721	1	21	jai	jai	PROPN
fsr-3721	1	22	f&s	f&s	PROPN
fsr-3721	1	23	inc	inc	PROPN
fsr-3721	1	24	.	.	PROPN
fsr-3721	1	25	issn	issn	PROPN
fsr-3721	1	26	:	:	PUNCT
fsr-3721	1	27	1057	1057	NUM
fsr-3721	1	28	-	-	SYM
fsr-3721	1	29	0810	0810	NUM
fsr-3721	1	30	all	all	DET
fsr-3721	1	31	rights	right	NOUN
fsr-3721	1	32	of	of	ADP
fsr-3721	1	33	reproduction	reproduction	NOUN
fsr-3721	1	34	in	in	ADP
fsr-3721	1	35	any	any	DET
fsr-3721	1	36	form	form	NOUN
fsr-3721	1	37	reserved	reserve	VERB
fsr-3721	1	38	.	.	PUNCT
fsr-3721	2	1	real	real	ADJ
fsr-3721	2	2	income	income	NOUN
fsr-3721	2	3	growth	growth	NOUN
fsr-3721	2	4	and	and	CCONJ
fsr-3721	2	5	optimal	optimal	ADJ
fsr-3721	2	6	credit	credit	NOUN
fsr-3721	2	7	use	use	NOUN
fsr-3721	2	8	jessie	jessie	PROPN
fsr-3721	2	9	x.	x.	PROPN
fsr-3721	2	10	fan	fan	PROPN
fsr-3721	2	11	y.	y.	PROPN
fsr-3721	2	12	regina	regina	PROPN
fsr-3721	2	13	cbang	cbang	PROPN
fsr-3721	2	14	sherman	sherman	PROPN
fsr-3721	2	15	hanna	hanna	PROPN
fsr-3721	2	16	borrowing	borrowing	NOUN
fsr-3721	2	17	may	may	AUX
fsr-3721	2	18	be	be	AUX
fsr-3721	2	19	optimal	optimal	ADJ
fsr-3721	2	20	ifreal	ifreal	ADJ
fsr-3721	2	21	income	income	NOUN
fsr-3721	2	22	is	be	AUX
fsr-3721	2	23	expected	expect	VERB
fsr-3721	2	24	to	to	PART
fsr-3721	2	25	kcrease	kcrease	VERB
fsr-3721	2	26	.	.	PUNCT
fsr-3721	3	1	rfincome	rfincome	PROPN
fsr-3721	3	2	growth	growth	NOUN
fsr-3721	3	3	is	be	AUX
fsr-3721	3	4	uncertain	uncertain	ADJ
fsr-3721	3	5	,	,	PUNCT
fsr-3721	3	6	optimal	optimal	ADJ
fsr-3721	3	7	credit	credit	NOUN
fsr-3721	3	8	use	use	NOUN
fsr-3721	3	9	is	be	AUX
fsr-3721	3	10	not	not	PART
fsr-3721	3	11	obvious	obvious	ADJ
fsr-3721	3	12	.	.	PUNCT
fsr-3721	4	1	a	a	DET
fsr-3721	4	2	two	two	NUM
fsr-3721	4	3	period	period	NOUN
fsr-3721	4	4	model	model	NOUN
fsr-3721	4	5	of	of	ADP
fsr-3721	4	6	consumption	consumption	NOUN
fsr-3721	4	7	for	for	ADP
fsr-3721	4	8	determining	determine	VERB
fsr-3721	4	9	optimal	optimal	ADJ
fsr-3721	4	10	credit	credit	NOUN
fsr-3721	4	11	use	use	NOUN
fsr-3721	4	12	is	be	AUX
fsr-3721	4	13	presented	present	VERB
fsr-3721	4	14	,	,	PUNCT
fsr-3721	4	15	the	the	DET
fsr-3721	4	16	impact	impact	NOUN
fsr-3721	4	17	of	of	ADP
fsr-3721	4	18	real	real	ADJ
fsr-3721	4	19	income	income	NOUN
fsr-3721	4	20	growth	growth	NOUN
fsr-3721	4	21	is	be	AUX
fsr-3721	4	22	malyzed	malyze	VERB
fsr-3721	4	23	with	with	ADP
fsr-3721	4	24	numerical	numerical	ADJ
fsr-3721	4	25	analysis	analysis	NOUN
fsr-3721	4	26	.	.	PUNCT
fsr-3721	5	1	the	the	DET
fsr-3721	5	2	results	result	NOUN
fsr-3721	5	3	may	may	AUX
fsr-3721	5	4	be	be	AUX
fsr-3721	5	5	use&l	use&l	ADJ
fsr-3721	5	6	formal	formal	ADJ
fsr-3721	5	7	cozmselors	cozmselor	NOUN
fsr-3721	5	8	and	and	CCONJ
fsr-3721	5	9	educators	educator	NOUN
fsr-3721	5	10	,	,	PUNCT
fsr-3721	5	11	as	as	ADV
fsr-3721	5	12	well	well	ADV
fsr-3721	5	13	as	as	ADP
fsr-3721	5	14	for	for	ADP
fsr-3721	5	15	insight	insight	NOUN
fsr-3721	5	16	into	into	ADP
fsr-3721	5	17	empirical	empirical	ADJ
fsr-3721	5	18	patterns	pattern	NOUN
fsr-3721	5	19	of	of	ADP
fsr-3721	5	20	et	et	PROPN
fsr-3721	5	21	-	-	PUNCT
fsr-3721	5	22	e&t	e&t	PROPN
fsr-3721	5	23	use	use	NOUN
fsr-3721	5	24	.	.	PUNCT
fsr-3721	6	1	the	the	DET
fsr-3721	6	2	income	income	NOUN
fsr-3721	6	3	growth	growth	NOUN
fsr-3721	6	4	rate	rate	NOUN
fsr-3721	6	5	expected	expect	VERB
fsr-3721	6	6	by	by	ADP
fsr-3721	6	7	the	the	DET
fsr-3721	6	8	~~e~~	~~e~~	PROPN
fsr-3721	6	9	plays	play	VERB
fsr-3721	6	10	a	a	DET
fsr-3721	6	11	cracial	cracial	ADJ
fsr-3721	6	12	role	role	NOUN
fsr-3721	6	13	in	in	ADP
fsr-3721	6	14	determining	determine	VERB
fsr-3721	6	15	opt	opt	ADJ
fsr-3721	6	16	credit	credit	NOUN
fsr-3721	6	17	ase	ase	NOUN
fsr-3721	6	18	for	for	ADP
fsr-3721	6	19	cm	cm	PROPN
fsr-3721	6	20	&	&	CCONJ
fsr-3721	6	21	co3zsamption	co3zsamption	PROPN
fsr-3721	6	22	.	.	PUNCT
fsr-3721	7	1	i.	i.	PROPN
fsr-3721	7	2	introduction	introduction	PROPN
fsr-3721	7	3	economic	economic	PROPN
fsr-3721	7	4	i	i	PROPN
fsr-3721	7	5	~	~	PROPN
fsr-3721	7	6	ves	ves	PRON
fsr-3721	7	7	~	~	NOUN
fsr-3721	7	8	ent	ent	NOUN
fsr-3721	7	9	theory	theory	NOUN
fsr-3721	7	10	models	model	NOUN
fsr-3721	7	11	developed	develop	VERB
fsr-3721	7	12	by	by	ADP
fsr-3721	7	13	fisher	fisher	PROPN
fsr-3721	7	14	(	(	PUNCT
fsr-3721	7	15	1930	1930	NUM
fsr-3721	7	16	)	)	PUNCT
fsr-3721	7	17	and	and	CCONJ
fsr-3721	7	18	~~hleifer	~~hleifer	X
fsr-3721	7	19	(	(	PUNCT
fsr-3721	7	20	1970	1970	NUM
fsr-3721	7	21	)	)	PUNCT
fsr-3721	7	22	suggest	suggest	VERB
fsr-3721	7	23	consumers	consumer	NOUN
fsr-3721	7	24	may	may	AUX
fsr-3721	7	25	increase	increase	VERB
fsr-3721	7	26	market	market	NOUN
fsr-3721	7	27	~p~~~ities	~p~~~itie	NOUN
fsr-3721	7	28	and	and	CCONJ
fsr-3721	7	29	their	their	PRON
fsr-3721	7	30	utility	utility	NOUN
fsr-3721	7	31	through	through	ADP
fsr-3721	7	32	judicious	judicious	ADJ
fsr-3721	7	33	selection	selection	NOUN
fsr-3721	7	34	of	of	ADP
fsr-3721	7	35	debts	debt	NOUN
fsr-3721	7	36	and	and	CCONJ
fsr-3721	7	37	assets	asset	NOUN
fsr-3721	7	38	(	(	PUNCT
fsr-3721	7	39	herendeen	herendeen	PROPN
fsr-3721	7	40	1975	1975	NUM
fsr-3721	7	41	)	)	PUNCT
fsr-3721	7	42	.	.	PUNCT
fsr-3721	8	1	if	if	SCONJ
fsr-3721	8	2	a	a	DET
fsr-3721	8	3	consumer	consumer	NOUN
fsr-3721	8	4	is	be	AUX
fsr-3721	8	5	uncertain	uncertain	ADJ
fsr-3721	8	6	about	about	ADP
fsr-3721	8	7	future	future	ADJ
fsr-3721	8	8	income	income	NOUN
fsr-3721	8	9	,	,	PUNCT
fsr-3721	8	10	a	a	DET
fsr-3721	8	11	small	small	ADJ
fsr-3721	8	12	sustained	sustained	ADJ
fsr-3721	8	13	growth	growth	NOUN
fsr-3721	8	14	(	(	PUNCT
fsr-3721	8	15	decrease	decrease	NOUN
fsr-3721	8	16	}	}	PUNCT
fsr-3721	8	17	in	in	ADP
fsr-3721	8	18	real	real	ADJ
fsr-3721	8	19	income	income	NOUN
fsr-3721	8	20	or	or	CCONJ
fsr-3721	8	21	a	a	DET
fsr-3721	8	22	substantial	substantial	ADJ
fsr-3721	8	23	“	"	PUNCT
fsr-3721	8	24	expected	expect	VERB
fsr-3721	8	25	”	"	PUNCT
fsr-3721	8	26	one	one	NUM
fsr-3721	8	27	-	-	PUNCT
fsr-3721	8	28	time	time	NOUN
fsr-3721	8	29	increase	increase	NOUN
fsr-3721	8	30	(	(	PUNCT
fsr-3721	8	31	decline	decline	NOUN
fsr-3721	8	32	)	)	PUNCT
fsr-3721	8	33	might	might	AUX
fsr-3721	8	34	lead	lead	VERB
fsr-3721	8	35	to	to	ADP
fsr-3721	8	36	borrowing	borrowing	NOUN
fsr-3721	8	37	(	(	PUNCT
fsr-3721	8	38	or	or	CCONJ
fsr-3721	8	39	saving	saving	NOUN
fsr-3721	8	40	)	)	PUNCT
fsr-3721	8	41	to	to	PART
fsr-3721	8	42	smooth	smooth	VERB
fsr-3721	8	43	cons	con	NOUN
fsr-3721	8	44	~	~	PUNCT
fsr-3721	8	45	on	on	ADP
fsr-3721	8	46	over	over	ADP
fsr-3721	8	47	life	life	NOUN
fsr-3721	8	48	cycle	cycle	NOUN
fsr-3721	8	49	,	,	PUNCT
fsr-3721	8	50	young	young	ADJ
fsr-3721	8	51	cons	con	NOUN
fsr-3721	8	52	~	~	SYM
fsr-3721	8	53	rs	rs	X
fsr-3721	8	54	,	,	PUNCT
fsr-3721	8	55	especially	especially	ADV
fsr-3721	8	56	students	student	NOUN
fsr-3721	8	57	,	,	PUNCT
fsr-3721	8	58	and	and	CCONJ
fsr-3721	8	59	other	other	ADJ
fsr-3721	8	60	families	family	NOUN
fsr-3721	8	61	with	with	ADP
fsr-3721	8	62	temporarily	temporarily	ADV
fsr-3721	8	63	low	low	ADJ
fsr-3721	8	64	income	income	NOUN
fsr-3721	8	65	might	might	AUX
fsr-3721	8	66	find	find	VERB
fsr-3721	8	67	borrowing	borrow	VERB
fsr-3721	8	68	rational	rational	ADJ
fsr-3721	8	69	.	.	PUNCT
fsr-3721	9	1	clearly	clearly	ADV
fsr-3721	9	2	,	,	PUNCT
fsr-3721	9	3	the	the	DET
fsr-3721	9	4	use	use	NOUN
fsr-3721	9	5	of	of	ADP
fsr-3721	9	6	consumer	consumer	NOUN
fsr-3721	9	7	credit	credit	NOUN
fsr-3721	9	8	makes	make	VERB
fsr-3721	9	9	it	it	PRON
fsr-3721	9	10	possible	possible	ADJ
fsr-3721	9	11	for	for	SCONJ
fsr-3721	9	12	families	family	NOUN
fsr-3721	9	13	and	and	CCONJ
fsr-3721	9	14	individuals	individual	NOUN
fsr-3721	9	15	to	to	PART
fsr-3721	9	16	have	have	VERB
fsr-3721	9	17	the	the	DET
fsr-3721	9	18	immediate	immediate	ADJ
fsr-3721	9	19	consumption	consumption	NOUN
fsr-3721	9	20	of	of	ADP
fsr-3721	9	21	goods	good	NOUN
fsr-3721	9	22	and	and	CCONJ
fsr-3721	9	23	services	service	NOUN
fsr-3721	9	24	and	and	CCONJ
fsr-3721	9	25	thus	thus	ADV
fsr-3721	9	26	raise	raise	VERB
fsr-3721	9	27	their	their	PRON
fsr-3721	9	28	level	level	NOUN
fsr-3721	9	29	of	of	ADP
fsr-3721	9	30	living	living	NOUN
fsr-3721	9	31	and	and	CCONJ
fsr-3721	9	32	satisfaction	satisfaction	NOUN
fsr-3721	9	33	,	,	PUNCT
fsr-3721	9	34	however	however	ADV
fsr-3721	9	35	,	,	PUNCT
fsr-3721	9	36	the	the	DET
fsr-3721	9	37	dramatic	dramatic	ADJ
fsr-3721	9	38	growth	growth	NOUN
fsr-3721	9	39	of	of	ADP
fsr-3721	9	40	consumer	consumer	NOUN
fsr-3721	9	41	installmeut	installmeut	NOUN
fsr-3721	9	42	debt	debt	NOUN
fsr-3721	9	43	and	and	CCONJ
fsr-3721	9	44	the	the	DET
fsr-3721	9	45	holding	holding	NOUN
fsr-3721	9	46	and	and	CCONJ
fsr-3721	9	47	use	use	NOUN
fsr-3721	9	48	of	of	ADP
fsr-3721	9	49	credit	credit	NOUN
fsr-3721	9	50	cards	card	NOUN
fsr-3721	9	51	from	from	ADP
fsr-3721	9	52	the	the	DET
fsr-3721	9	53	past	past	ADJ
fsr-3721	9	54	two	two	NUM
fsr-3721	9	55	decades	decade	NOUN
fsr-3721	9	56	(	(	PUNCT
fsr-3721	9	57	eastwood	eastwood	PROPN
fsr-3721	9	58	1985	1985	NUM
fsr-3721	9	59	;	;	PUNCT
fsr-3721	9	60	canner	canner	NOUN
fsr-3721	9	61	1988	1988	NUM
fsr-3721	9	62	)	)	PUNCT
fsr-3721	9	63	,	,	PUNCT
fsr-3721	9	64	has	have	AUX
fsr-3721	9	65	led	lead	VERB
fsr-3721	9	66	financial	financial	ADJ
fsr-3721	9	67	planners	planner	NOUN
fsr-3721	9	68	and	and	CCONJ
fsr-3721	9	69	educators	educator	NOUN
fsr-3721	9	70	to	to	PART
fsr-3721	9	71	express	express	VERB
fsr-3721	9	72	alarm	alarm	NOUN
fsr-3721	9	73	regarding	regard	VERB
fsr-3721	9	74	whether	whether	SCONJ
fsr-3721	9	75	consumers	consumer	NOUN
fsr-3721	9	76	are	be	AUX
fsr-3721	9	77	becoming	become	VERB
fsr-3721	9	78	debt	debt	NOUN
fsr-3721	9	79	-	-	PUNCT
fsr-3721	9	80	ridden	ride	VERB
fsr-3721	9	81	and	and	CCONJ
fsr-3721	9	82	overextended	overextend	VERB
fsr-3721	9	83	.	.	PUNCT
fsr-3721	10	1	the	the	DET
fsr-3721	10	2	purpose	purpose	NOUN
fsr-3721	10	3	of	of	ADP
fsr-3721	10	4	this	this	DET
fsr-3721	10	5	paper	paper	NOUN
fsr-3721	10	6	is	be	AUX
fsr-3721	10	7	to	to	PART
fsr-3721	10	8	describe	describe	VERB
fsr-3721	10	9	a	a	DET
fsr-3721	10	10	model	model	NOUN
fsr-3721	10	11	for	for	ADP
fsr-3721	10	12	determining	determine	VERB
fsr-3721	10	13	optimal	optimal	ADJ
fsr-3721	10	14	credit	credit	NOUN
fsr-3721	10	15	use	use	NOUN
fsr-3721	10	16	decisions	decision	NOUN
fsr-3721	10	17	for	for	ADP
fsr-3721	10	18	consumers	consumer	NOUN
fsr-3721	10	19	with	with	ADP
fsr-3721	10	20	uncertain	uncertain	ADJ
fsr-3721	10	21	future	future	ADJ
fsr-3721	10	22	income	income	NOUN
fsr-3721	10	23	.	.	PUNCT
fsr-3721	11	1	the	the	DET
fsr-3721	11	2	vehicle	vehicle	NOUN
fsr-3721	11	3	of	of	ADP
fsr-3721	11	4	analysis	analysis	NOUN
fsr-3721	11	5	is	be	AUX
fsr-3721	11	6	the	the	DET
fsr-3721	11	7	&	&	CCONJ
fsr-3721	11	8	s&x.fan	s&x.fan	PROPN
fsr-3721	11	9	.	.	PUNCT
fsr-3721	12	1	assistant	assistant	PROPN
fsr-3721	12	2	professor	professor	NOUN
fsr-3721	12	3	,	,	PUNCT
fsr-3721	12	4	family	family	NOUN
fsr-3721	12	5	and	and	CCONJ
fsr-3721	12	6	consumer	consumer	NOUN
fsr-3721	12	7	studies	study	NOUN
fsr-3721	12	8	department	department	NOUN
fsr-3721	12	9	,	,	PUNCT
fsr-3721	12	10	university	university	PROPN
fsr-3721	12	11	of	of	ADP
fsr-3721	12	12	utah	utah	PROPN
fsr-3721	12	13	.	.	PUNCT
fsr-3721	13	1	y.	y.	PROPN
fsr-3721	13	2	regina	regina	PROPN
fsr-3721	13	3	ciwng	ciwng	PROPN
fsr-3721	13	4	*	*	PUNCT
fsr-3721	13	5	post	post	ADJ
fsr-3721	13	6	-	-	ADJ
fsr-3721	13	7	doctoras	doctoras	ADJ
fsr-3721	13	8	researcher	researcher	NOUN
fsr-3721	13	9	,	,	PUNCT
fsr-3721	13	10	family	family	NOUN
fsr-3721	13	11	resource	resource	NOUN
fsr-3721	13	12	management	management	NOUN
fsr-3721	13	13	department	department	NOUN
fsr-3721	13	14	,	,	PUNCT
fsr-3721	13	15	the	the	DET
fsr-3721	13	16	ohio	ohio	PROPN
fsr-3721	13	17	state	state	PROPN
fsr-3721	13	18	university	university	PROPN
fsr-3721	13	19	.	.	PUNCT
fsr-3721	14	1	sherman	sherman	PROPN
fsr-3721	14	2	hanna	hanna	PROPN
fsr-3721	14	3	l	l	PROPN
fsr-3721	14	4	ohio	ohio	PROPN
fsr-3721	14	5	state	state	PROPN
fsr-3721	14	6	university	university	PROPN
fsr-3721	14	7	,	,	PUNCT
fsr-3721	14	8	family	family	NOUN
fsr-3721	14	9	resource	resource	NOUN
fsr-3721	14	10	management	management	NOUN
fsr-3721	14	11	department	department	PROPN
fsr-3721	14	12	,	,	PUNCT
fsr-3721	14	13	columbus	columbus	PROPN
fsr-3721	14	14	,	,	PUNCT
fsr-3721	15	1	oh	oh	INTJ
fsr-3721	15	2	43210	43210	NUM
fsr-3721	15	3	-	-	SYM
fsr-3721	15	4	1295	1295	NUM
fsr-3721	15	5	.	.	PUNCT
fsr-3721	16	1	46	46	NUM
fsr-3721	16	2	financial	financial	ADJ
fsr-3721	16	3	services	service	NOUN
fsr-3721	16	4	avow	avow	VERB
fsr-3721	16	5	,	,	PUNCT
fsr-3721	16	6	3(l	3(l	X
fsr-3721	16	7	)	)	PUNCT
fsr-3721	16	8	1993	1993	NUM
fsr-3721	16	9	familiar	familiar	ADJ
fsr-3721	16	10	two	two	NUM
fsr-3721	16	11	-	-	PUNCT
fsr-3721	16	12	period	period	NOUN
fsr-3721	16	13	model	model	NOUN
fsr-3721	16	14	of	of	ADP
fsr-3721	16	15	consumption	consumption	NOUN
fsr-3721	16	16	.	.	PUNCT
fsr-3721	17	1	analysis	analysis	NOUN
fsr-3721	17	2	is	be	AUX
fsr-3721	17	3	confined	confine	VERB
fsr-3721	17	4	to	to	ADP
fsr-3721	17	5	credit	credit	NOUN
fsr-3721	17	6	for	for	ADP
fsr-3721	17	7	current	current	ADJ
fsr-3721	17	8	consumption	consumption	NOUN
fsr-3721	17	9	.	.	PUNCT
fsr-3721	18	1	ii	ii	PROPN
fsr-3721	18	2	.	.	PUNCT
fsr-3721	19	1	theliteratu	theliteratu	PROPN
fsr-3721	19	2	~	~	NOUN
fsr-3721	19	3	re	re	ADP
fsr-3721	19	4	there	there	PRON
fsr-3721	19	5	has	have	AUX
fsr-3721	19	6	been	be	AUX
fsr-3721	19	7	extensive	extensive	ADJ
fsr-3721	19	8	discussion	discussion	NOUN
fsr-3721	19	9	in	in	ADP
fsr-3721	19	10	the	the	DET
fsr-3721	19	11	literature	literature	NOUN
fsr-3721	19	12	of	of	ADP
fsr-3721	19	13	optimal	optimal	ADJ
fsr-3721	19	14	saving	saving	NOUN
fsr-3721	19	15	(	(	PUNCT
fsr-3721	19	16	borrowing	borrowing	NOUN
fsr-3721	19	17	)	)	PUNCT
fsr-3721	19	18	and	and	CCONJ
fsr-3721	19	19	consumption	consumption	NOUN
fsr-3721	19	20	behavior	behavior	NOUN
fsr-3721	19	21	under	under	ADP
fsr-3721	19	22	uncertainty	uncertainty	NOUN
fsr-3721	19	23	either	either	CCONJ
fsr-3721	19	24	in	in	ADP
fsr-3721	19	25	the	the	DET
fsr-3721	19	26	context	context	NOUN
fsr-3721	19	27	of	of	ADP
fsr-3721	19	28	infinite	infinite	ADJ
fsr-3721	19	29	time	time	NOUN
fsr-3721	19	30	horizon	horizon	NOUN
fsr-3721	19	31	or	or	CCONJ
fsr-3721	19	32	in	in	ADP
fsr-3721	19	33	two	two	NUM
fsr-3721	19	34	-	-	PUNCT
fsr-3721	19	35	period	period	NOUN
fsr-3721	19	36	or	or	CCONJ
fsr-3721	19	37	rnulti~~~	rnulti~~~	NOUN
fsr-3721	19	38	~~~ernpor~	~~~ernpor~	PROPN
fsr-3721	19	39	models	model	NOUN
fsr-3721	19	40	(	(	PUNCT
fsr-3721	19	41	e.g.	e.g.	ADV
fsr-3721	19	42	,	,	PUNCT
fsr-3721	19	43	leland	leland	PROPN
fsr-3721	19	44	(	(	PUNCT
fsr-3721	19	45	1968	1968	NUM
fsr-3721	19	46	)	)	PUNCT
fsr-3721	19	47	;	;	PUNCT
fsr-3721	19	48	levhari	levhari	PROPN
fsr-3721	19	49	&	&	CCONJ
fsr-3721	19	50	srinivasan	srinivasan	PROPN
fsr-3721	19	51	(	(	PUNCT
fsr-3721	19	52	1969	1969	NUM
fsr-3721	19	53	)	)	PUNCT
fsr-3721	19	54	;	;	PUNCT
fsr-3721	19	55	sandmo	sandmo	NOUN
fsr-3721	19	56	(	(	PUNCT
fsr-3721	19	57	1970	1970	NUM
fsr-3721	19	58	)	)	PUNCT
fsr-3721	19	59	;	;	PUNCT
fsr-3721	19	60	mirman	mirman	NOUN
fsr-3721	19	61	(	(	PUNCT
fsr-3721	19	62	1971	1971	NUM
fsr-3721	19	63	)	)	PUNCT
fsr-3721	19	64	;	;	PUNCT
fsr-3721	19	65	dreze	dreze	PROPN
fsr-3721	19	66	&	&	CCONJ
fsr-3721	19	67	modigliani	modigliani	PROPN
fsr-3721	19	68	(	(	PUNCT
fsr-3721	19	69	1972	1972	NUM
fsr-3721	19	70	)	)	PUNCT
fsr-3721	19	71	;	;	PUNCT
fsr-3721	19	72	sibley	sibley	PROPN
fsr-3721	19	73	(	(	PUNCT
fsr-3721	19	74	1975	1975	NUM
fsr-3721	19	75	)	)	PUNCT
fsr-3721	19	76	;	;	PUNCT
fsr-3721	20	1	hey	hey	INTJ
fsr-3721	20	2	(	(	PUNCT
fsr-3721	20	3	1979	1979	NUM
fsr-3721	20	4	)	)	PUNCT
fsr-3721	20	5	;	;	PUNCT
fsr-3721	20	6	salyer	salyer	NOUN
fsr-3721	20	7	(	(	PUNCT
fsr-3721	20	8	1988	1988	NUM
fsr-3721	20	9	)	)	PUNCT
fsr-3721	20	10	.	.	PUNCT
fsr-3721	21	1	in	in	ADP
fsr-3721	21	2	general	general	ADJ
fsr-3721	21	3	,	,	PUNCT
fsr-3721	21	4	the	the	DET
fsr-3721	21	5	authors	author	NOUN
fsr-3721	21	6	analyze	analyze	VERB
fsr-3721	21	7	one	one	NUM
fsr-3721	21	8	or	or	CCONJ
fsr-3721	21	9	two	two	NUM
fsr-3721	21	10	variables	variable	NOUN
fsr-3721	21	11	at	at	ADP
fsr-3721	21	12	a	a	DET
fsr-3721	21	13	time	time	NOUN
fsr-3721	21	14	,	,	PUNCT
fsr-3721	21	15	assuming	assume	VERB
fsr-3721	21	16	a	a	DET
fsr-3721	21	17	value	value	NOUN
fsr-3721	21	18	for	for	ADP
fsr-3721	21	19	each	each	PRON
fsr-3721	21	20	of	of	ADP
fsr-3721	21	21	the	the	DET
fsr-3721	21	22	other	other	ADJ
fsr-3721	21	23	parameters	parameter	NOUN
fsr-3721	21	24	.	.	PUNCT
fsr-3721	22	1	for	for	ADP
fsr-3721	22	2	example	example	NOUN
fsr-3721	22	3	,	,	PUNCT
fsr-3721	22	4	in	in	ADP
fsr-3721	22	5	two	two	NUM
fsr-3721	22	6	-	-	PUNCT
fsr-3721	22	7	period	period	NOUN
fsr-3721	22	8	models	model	NOUN
fsr-3721	22	9	the	the	DET
fsr-3721	22	10	effects	effect	NOUN
fsr-3721	22	11	of	of	ADP
fsr-3721	22	12	income	income	NOUN
fsr-3721	22	13	and	and	CCONJ
fsr-3721	22	14	interest	interest	NOUN
fsr-3721	22	15	rate	rate	NOUN
fsr-3721	22	16	uncer	uncer	PROPN
fsr-3721	22	17	tainty	tainty	NOUN
fsr-3721	22	18	on	on	ADP
fsr-3721	22	19	borrowing	borrowing	NOUN
fsr-3721	22	20	(	(	PUNCT
fsr-3721	22	21	or	or	CCONJ
fsr-3721	22	22	saving	saving	NOUN
fsr-3721	22	23	)	)	PUNCT
fsr-3721	22	24	decisions	decision	NOUN
fsr-3721	22	25	are	be	AUX
fsr-3721	22	26	analyzed	analyze	VERB
fsr-3721	22	27	,	,	PUNCT
fsr-3721	22	28	given	give	VERB
fsr-3721	22	29	an	an	DET
fsr-3721	22	30	assumption	assumption	NOUN
fsr-3721	22	31	of	of	ADP
fsr-3721	22	32	a	a	DET
fsr-3721	22	33	certain	certain	ADJ
fsr-3721	22	34	lifetime	lifetime	NOUN
fsr-3721	22	35	.	.	PUNCT
fsr-3721	23	1	infinite	infinite	ADJ
fsr-3721	23	2	horizon	horizon	NOUN
fsr-3721	23	3	or	or	CCONJ
fsr-3721	23	4	finite	finite	PROPN
fsr-3721	23	5	horizon	horizon	NOUN
fsr-3721	23	6	models	model	NOUN
fsr-3721	23	7	explore	explore	VERB
fsr-3721	23	8	effects	effect	NOUN
fsr-3721	23	9	of	of	ADP
fsr-3721	23	10	the	the	DET
fsr-3721	23	11	discount	discount	NOUN
fsr-3721	23	12	factor	factor	NOUN
fsr-3721	23	13	(	(	PUNCT
fsr-3721	23	14	lifetime	lifetime	NOUN
fsr-3721	23	15	uncertainty	uncertainty	NOUN
fsr-3721	23	16	)	)	PUNCT
fsr-3721	23	17	on	on	ADP
fsr-3721	23	18	borrowing	borrow	VERB
fsr-3721	23	19	(	(	PUNCT
fsr-3721	23	20	saving	saving	NOUN
fsr-3721	23	21	)	)	PUNCT
fsr-3721	23	22	behavior	behavior	NOUN
fsr-3721	23	23	while	while	SCONJ
fsr-3721	23	24	assum	assum	VERB
fsr-3721	23	25	ing	ing	ADJ
fsr-3721	23	26	absence	absence	NOUN
fsr-3721	23	27	of	of	ADP
fsr-3721	23	28	income	income	NOUN
fsr-3721	23	29	and	and	CCONJ
fsr-3721	23	30	interest	interest	NOUN
fsr-3721	23	31	rate	rate	NOUN
fsr-3721	23	32	uncertainty	uncertainty	NOUN
fsr-3721	23	33	.	.	PUNCT
fsr-3721	24	1	in	in	ADP
fsr-3721	24	2	the	the	DET
fsr-3721	24	3	discussion	discussion	NOUN
fsr-3721	24	4	of	of	ADP
fsr-3721	24	5	income	income	NOUN
fsr-3721	24	6	uncertainty	uncertainty	NOUN
fsr-3721	24	7	and	and	CCONJ
fsr-3721	24	8	saving	saving	NOUN
fsr-3721	24	9	behavior	behavior	NOUN
fsr-3721	24	10	,	,	PUNCT
fsr-3721	24	11	it	it	PRON
fsr-3721	24	12	is	be	AUX
fsr-3721	24	13	assumed	assume	VERB
fsr-3721	24	14	that	that	SCONJ
fsr-3721	24	15	the	the	DET
fsr-3721	24	16	consumer	consumer	NOUN
fsr-3721	24	17	’s	’s	PART
fsr-3721	24	18	beliefs	belief	NOUN
fsr-3721	24	19	about	about	ADP
fsr-3721	24	20	the	the	DET
fsr-3721	24	21	value	value	NOUN
fsr-3721	24	22	of	of	ADP
fsr-3721	24	23	future	future	ADJ
fsr-3721	24	24	income	income	NOUN
fsr-3721	24	25	can	can	AUX
fsr-3721	24	26	be	be	AUX
fsr-3721	24	27	summarized	summarize	VERB
fsr-3721	24	28	in	in	ADP
fsr-3721	24	29	a	a	DET
fsr-3721	24	30	subjective	subjective	ADJ
fsr-3721	24	31	probability	probability	NOUN
fsr-3721	24	32	density	density	NOUN
fsr-3721	24	33	unction	unction	NOUN
fsr-3721	24	34	.	.	PUNCT
fsr-3721	25	1	on	on	ADP
fsr-3721	25	2	the	the	DET
fsr-3721	25	3	basis	basis	NOUN
fsr-3721	25	4	of	of	ADP
fsr-3721	25	5	the	the	DET
fsr-3721	25	6	probabi	probabi	NOUN
fsr-3721	25	7	~	~	SYM
fsr-3721	25	8	ty	ty	NUM
fsr-3721	25	9	density	density	NOUN
fsr-3721	25	10	function	function	NOUN
fsr-3721	25	11	,	,	PUNCT
fsr-3721	25	12	the	the	DET
fsr-3721	25	13	consumer	consumer	NOUN
fsr-3721	25	14	maximizes	maximize	NOUN
fsr-3721	25	15	expected	expect	VERB
fsr-3721	25	16	utility	utility	NOUN
fsr-3721	25	17	of	of	ADP
fsr-3721	25	18	consumption	consumption	NOUN
fsr-3721	25	19	.	.	PUNCT
fsr-3721	26	1	leland	leland	PROPN
fsr-3721	26	2	(	(	PUNCT
fsr-3721	26	3	1968	1968	NUM
fsr-3721	26	4	)	)	PUNCT
fsr-3721	26	5	uses	use	VERB
fsr-3721	26	6	a	a	DET
fsr-3721	26	7	two	two	NUM
fsr-3721	26	8	-	-	PUNCT
fsr-3721	26	9	period	period	NOUN
fsr-3721	26	10	model	model	NOUN
fsr-3721	26	11	of	of	ADP
fsr-3721	26	12	consumption	consumption	NOUN
fsr-3721	26	13	to	to	PART
fsr-3721	26	14	demonstrate	demonstrate	VERB
fsr-3721	26	15	the	the	DET
fsr-3721	26	16	effect	effect	NOUN
fsr-3721	26	17	of	of	ADP
fsr-3721	26	18	uncertainty	uncertainty	NOUN
fsr-3721	26	19	on	on	ADP
fsr-3721	26	20	saving	save	VERB
fsr-3721	26	21	and	and	CCONJ
fsr-3721	26	22	concludes	conclude	VERB
fsr-3721	26	23	that	that	SCONJ
fsr-3721	26	24	with	with	ADP
fsr-3721	26	25	an	an	DET
fsr-3721	26	26	additive	additive	ADJ
fsr-3721	26	27	utility	utility	NOUN
fsr-3721	26	28	function	function	NOUN
fsr-3721	26	29	and	and	CCONJ
fsr-3721	26	30	the	the	DET
fsr-3721	26	31	assumption	assumption	NOUN
fsr-3721	26	32	of	of	ADP
fsr-3721	26	33	decreasing	decrease	VERB
fsr-3721	26	34	absolute	absolute	ADJ
fsr-3721	26	35	risk	risk	NOUN
fsr-3721	26	36	aversion	aversion	NOUN
fsr-3721	26	37	,	,	PUNCT
fsr-3721	26	38	the	the	DET
fsr-3721	26	39	precautionary	precautionary	ADJ
fsr-3721	26	40	demand	demand	NOUN
fsr-3721	26	41	for	for	ADP
fsr-3721	26	42	saving	save	VERB
fsr-3721	26	43	is	be	AUX
fsr-3721	26	44	a	a	DET
fsr-3721	26	45	positive	positive	ADJ
fsr-3721	26	46	function	function	NOUN
fsr-3721	26	47	of	of	ADP
fsr-3721	26	48	uncertainty	uncertainty	NOUN
fsr-3721	26	49	.	.	PUNCT
fsr-3721	27	1	sandmo	sandmo	NOUN
fsr-3721	27	2	(	(	PUNCT
fsr-3721	27	3	1970	1970	NUM
fsr-3721	27	4	)	)	PUNCT
fsr-3721	27	5	discusses	discuss	VERB
fsr-3721	27	6	the	the	DET
fsr-3721	27	7	effects	effect	NOUN
fsr-3721	27	8	of	of	ADP
fsr-3721	27	9	increased	increase	VERB
fsr-3721	27	10	riskiness	riskiness	NOUN
fsr-3721	27	11	of	of	ADP
fsr-3721	27	12	future	future	ADJ
fsr-3721	27	13	income	income	NOUN
fsr-3721	27	14	on	on	ADP
fsr-3721	27	15	present	present	ADJ
fsr-3721	27	16	consumption	consumption	NOUN
fsr-3721	27	17	in	in	ADP
fsr-3721	27	18	a	a	DET
fsr-3721	27	19	two	two	NUM
fsr-3721	27	20	-	-	PUNCT
fsr-3721	27	21	period	period	NOUN
fsr-3721	27	22	model	model	NOUN
fsr-3721	27	23	and	and	CCONJ
fsr-3721	27	24	proves	prove	VERB
fsr-3721	27	25	that	that	SCONJ
fsr-3721	27	26	increased	increase	VERB
fsr-3721	27	27	uncertainty	uncertainty	NOUN
fsr-3721	27	28	about	about	ADP
fsr-3721	27	29	future	future	ADJ
fsr-3721	27	30	income	income	NOUN
fsr-3721	27	31	decreases	decrease	VERB
fsr-3721	27	32	consumption	consumption	NOUN
fsr-3721	27	33	(	(	PUNCT
fsr-3721	27	34	increases	increase	NOUN
fsr-3721	27	35	saving	save	VERB
fsr-3721	27	36	)	)	PUNCT
fsr-3721	27	37	.	.	PUNCT
fsr-3721	28	1	sibley	sibley	PROPN
fsr-3721	28	2	(	(	PUNCT
fsr-3721	28	3	1975	1975	NUM
fsr-3721	28	4	)	)	PUNCT
fsr-3721	28	5	extends	extend	VERB
fsr-3721	28	6	the	the	DET
fsr-3721	28	7	two	two	NUM
fsr-3721	28	8	-	-	PUNCT
fsr-3721	28	9	period	period	NOUN
fsr-3721	28	10	result	result	NOUN
fsr-3721	28	11	of	of	ADP
fsr-3721	28	12	the	the	DET
fsr-3721	28	13	effects	effect	NOUN
fsr-3721	28	14	on	on	ADP
fsr-3721	28	15	optimal	optimal	ADJ
fsr-3721	28	16	savings	saving	NOUN
fsr-3721	28	17	of	of	ADP
fsr-3721	28	18	increased	increase	VERB
fsr-3721	28	19	risk	risk	NOUN
fsr-3721	28	20	in	in	ADP
fsr-3721	28	21	the	the	DET
fsr-3721	28	22	future	future	ADJ
fsr-3721	28	23	income	income	NOUN
fsr-3721	28	24	to	to	ADP
fsr-3721	28	25	the	the	DET
fsr-3721	28	26	multiperiod	multiperiod	NOUN
fsr-3721	28	27	analysis	analysis	NOUN
fsr-3721	28	28	discussed	discuss	VERB
fsr-3721	28	29	by	by	ADP
fsr-3721	28	30	leland	leland	PROPN
fsr-3721	28	31	(	(	PUNCT
fsr-3721	28	32	1968	1968	NUM
fsr-3721	28	33	)	)	PUNCT
fsr-3721	28	34	.	.	PUNCT
fsr-3721	29	1	sibley	sibley	PROPN
fsr-3721	29	2	(	(	PUNCT
fsr-3721	29	3	1975	1975	NUM
fsr-3721	29	4	)	)	PUNCT
fsr-3721	29	5	suggests	suggest	VERB
fsr-3721	29	6	that	that	SCONJ
fsr-3721	29	7	increased	increase	VERB
fsr-3721	29	8	wage	wage	NOUN
fsr-3721	29	9	unce~~~	unce~~~	NOUN
fsr-3721	29	10	increases	increase	NOUN
fsr-3721	29	11	saving	save	VERB
fsr-3721	29	12	.	.	PUNCT
fsr-3721	30	1	for	for	ADP
fsr-3721	30	2	the	the	DET
fsr-3721	30	3	case	case	NOUN
fsr-3721	30	4	of	of	ADP
fsr-3721	30	5	a	a	DET
fsr-3721	30	6	constant	constant	ADJ
fsr-3721	30	7	elasticity	elasticity	NOUN
fsr-3721	30	8	utility	utility	NOUN
fsr-3721	30	9	function	function	NOUN
fsr-3721	30	10	,	,	PUNCT
fsr-3721	30	11	levhari	levhari	ADJ
fsr-3721	30	12	and	and	CCONJ
fsr-3721	30	13	snivel	snivel	VERB
fsr-3721	30	14	(	(	PUNCT
fsr-3721	30	15	1969	1969	NUM
fsr-3721	30	16	)	)	PUNCT
fsr-3721	30	17	show	show	VERB
fsr-3721	30	18	that	that	SCONJ
fsr-3721	30	19	optimal	optimal	ADJ
fsr-3721	30	20	savings	saving	NOUN
fsr-3721	30	21	can	can	AUX
fsr-3721	30	22	increase	increase	VERB
fsr-3721	30	23	with	with	ADP
fsr-3721	30	24	increasing	increase	VERB
fsr-3721	30	25	uncertainty	uncertainty	NOUN
fsr-3721	30	26	.	.	PUNCT
fsr-3721	31	1	however	however	ADV
fsr-3721	31	2	,	,	PUNCT
fsr-3721	31	3	those	those	DET
fsr-3721	31	4	authors	author	NOUN
fsr-3721	31	5	mainly	mainly	ADV
fsr-3721	31	6	emphasize	emphasize	VERB
fsr-3721	31	7	the	the	DET
fsr-3721	31	8	effects	effect	NOUN
fsr-3721	31	9	of	of	ADP
fsr-3721	31	10	the	the	DET
fsr-3721	31	11	subjective	subjective	ADJ
fsr-3721	31	12	probability	probability	NOUN
fsr-3721	31	13	density	density	NOUN
fsr-3721	31	14	function	function	NOUN
fsr-3721	31	15	as	as	ADP
fsr-3721	31	16	a	a	DET
fsr-3721	31	17	projection	projection	NOUN
fsr-3721	31	18	of	of	ADP
fsr-3721	31	19	uncertain	uncertain	ADJ
fsr-3721	31	20	future	future	ADJ
fsr-3721	31	21	income	income	NOUN
fsr-3721	31	22	on	on	ADP
fsr-3721	31	23	saving	save	VERB
fsr-3721	31	24	(	(	PUNCT
fsr-3721	31	25	or	or	CCONJ
fsr-3721	31	26	borrowing	borrowing	NOUN
fsr-3721	31	27	)	)	PUNCT
fsr-3721	31	28	behavior	behavior	NOUN
fsr-3721	31	29	.	.	PUNCT
fsr-3721	32	1	no	no	DET
fsr-3721	32	2	study	study	NOUN
fsr-3721	32	3	has	have	AUX
fsr-3721	32	4	been	be	AUX
fsr-3721	32	5	done	do	VERB
fsr-3721	32	6	relating	relate	VERB
fsr-3721	32	7	levels	level	NOUN
fsr-3721	32	8	of	of	ADP
fsr-3721	32	9	risk	risk	NOUN
fsr-3721	32	10	aversion	aversion	NOUN
fsr-3721	32	11	,	,	PUNCT
fsr-3721	32	12	interest	interest	NOUN
fsr-3721	32	13	rates	rate	NOUN
fsr-3721	32	14	,	,	PUNCT
fsr-3721	32	15	and	and	CCONJ
fsr-3721	32	16	income	income	NOUN
fsr-3721	32	17	growth	growth	NOUN
fsr-3721	32	18	rates	rate	NOUN
fsr-3721	32	19	to	to	ADP
fsr-3721	32	20	optimal	optimal	ADJ
fsr-3721	32	21	borrowing	borrowing	NOUN
fsr-3721	32	22	in	in	ADP
fsr-3721	32	23	a	a	DET
fsr-3721	32	24	model	model	NOUN
fsr-3721	32	25	incorporating	incorporate	VERB
fsr-3721	32	26	uncertainty	uncertainty	NOUN
fsr-3721	32	27	.	.	PUNCT
fsr-3721	33	1	kinsey	kinsey	NOUN
fsr-3721	33	2	and	and	CCONJ
fsr-3721	33	3	lane	lane	PROPN
fsr-3721	33	4	(	(	PUNCT
fsr-3721	33	5	1978	1978	NUM
fsr-3721	33	6	)	)	PUNCT
fsr-3721	33	7	point	point	NOUN
fsr-3721	33	8	out	out	ADP
fsr-3721	33	9	that	that	SCONJ
fsr-3721	33	10	when	when	SCONJ
fsr-3721	33	11	consumption	consumption	NOUN
fsr-3721	33	12	is	be	AUX
fsr-3721	33	13	accompanied	accompany	VERB
fsr-3721	33	14	by	by	ADP
fsr-3721	33	15	the	the	DET
fsr-3721	33	16	use	use	NOUN
fsr-3721	33	17	of	of	ADP
fsr-3721	33	18	consumer	consumer	NOUN
fsr-3721	33	19	credit	credit	NOUN
fsr-3721	33	20	,	,	PUNCT
fsr-3721	33	21	utility	utility	NOUN
fsr-3721	33	22	maximization	maximization	NOUN
fsr-3721	33	23	may	may	AUX
fsr-3721	33	24	be	be	AUX
fsr-3721	33	25	viewed	view	VERB
fsr-3721	33	26	in	in	ADP
fsr-3721	33	27	a	a	DET
fsr-3721	33	28	lifetime	lifetime	NOUN
fsr-3721	33	29	sense	sense	NOUN
fsr-3721	33	30	,	,	PUNCT
fsr-3721	33	31	thus	thus	ADV
fsr-3721	33	32	a	a	DET
fsr-3721	33	33	life	life	NOUN
fsr-3721	33	34	cycle	cycle	NOUN
fsr-3721	33	35	approach	approach	NOUN
fsr-3721	33	36	to	to	ADP
fsr-3721	33	37	the	the	DET
fsr-3721	33	38	allocation	allocation	NOUN
fsr-3721	33	39	of	of	ADP
fsr-3721	33	40	income	income	NOUN
fsr-3721	33	41	,	,	PUNCT
fsr-3721	33	42	consumption	consumption	NOUN
fsr-3721	33	43	,	,	PUNCT
fsr-3721	33	44	and	and	CCONJ
fsr-3721	33	45	saving	save	VERB
fsr-3721	33	46	(	(	PUNCT
fsr-3721	33	47	crowing	crow	VERB
fsr-3721	33	48	)	)	PUNCT
fsr-3721	33	49	is	be	AUX
fsr-3721	33	50	appropriate	appropriate	ADJ
fsr-3721	33	51	.	.	PUNCT
fsr-3721	34	1	addition	addition	NOUN
fsr-3721	34	2	~	~	SYM
fsr-3721	34	3	ly	ly	NOUN
fsr-3721	34	4	,	,	PUNCT
fsr-3721	34	5	by	by	ADP
fsr-3721	34	6	appropriate	appropriate	ADJ
fsr-3721	34	7	inte	inte	NOUN
fsr-3721	34	8	~	~	NOUN
fsr-3721	34	9	retation	retation	NOUN
fsr-3721	34	10	,	,	PUNCT
fsr-3721	34	11	two	two	NUM
fsr-3721	34	12	-	-	PUNCT
fsr-3721	34	13	period	period	NOUN
fsr-3721	34	14	models	model	NOUN
fsr-3721	34	15	can	can	AUX
fsr-3721	34	16	describe	describe	VERB
fsr-3721	34	17	completely	completely	ADV
fsr-3721	34	18	the	the	DET
fsr-3721	34	19	individu~‘s	individu~‘s	NOUN
fsr-3721	34	20	resource	resource	NOUN
fsr-3721	34	21	allocation	allocation	NOUN
fsr-3721	34	22	problem	problem	NOUN
fsr-3721	34	23	during	during	ADP
fsr-3721	34	24	their	their	PRON
fsr-3721	34	25	lifetime	lifetime	NOUN
fsr-3721	34	26	,	,	PUNCT
fsr-3721	34	27	if	if	SCONJ
fsr-3721	34	28	the	the	DET
fsr-3721	34	29	focus	focus	NOUN
fsr-3721	34	30	is	be	AUX
fsr-3721	34	31	on	on	ADP
fsr-3721	34	32	consumption	consumption	NOUN
fsr-3721	34	33	in	in	ADP
fsr-3721	34	34	that	that	DET
fsr-3721	34	35	period	period	NOUN
fsr-3721	34	36	and	and	CCONJ
fsr-3721	34	37	total	total	ADJ
fsr-3721	34	38	consumption	consumption	NOUN
fsr-3721	34	39	in	in	ADP
fsr-3721	34	40	all	all	DET
fsr-3721	34	41	future	future	ADJ
fsr-3721	34	42	periods	period	NOUN
fsr-3721	34	43	(	(	PUNCT
fsr-3721	34	44	hey	hey	INTJ
fsr-3721	34	45	,	,	PUNCT
fsr-3721	34	46	1979	1979	NUM
fsr-3721	34	47	)	)	PUNCT
fsr-3721	34	48	.	.	PUNCT
fsr-3721	35	1	with	with	ADP
fsr-3721	35	2	additional	additional	ADJ
fsr-3721	35	3	assumptions	assumption	NOUN
fsr-3721	35	4	on	on	ADP
fsr-3721	35	5	certain	certain	ADJ
fsr-3721	35	6	risk	risk	NOUN
fsr-3721	35	7	properties	property	NOUN
fsr-3721	35	8	of	of	ADP
fsr-3721	35	9	utility	utility	NOUN
fsr-3721	35	10	functions	function	NOUN
fsr-3721	35	11	,	,	PUNCT
fsr-3721	35	12	a	a	DET
fsr-3721	35	13	two	two	NUM
fsr-3721	35	14	-	-	PUNCT
fsr-3721	35	15	period	period	NOUN
fsr-3721	35	16	model	model	NOUN
fsr-3721	35	17	with	with	ADP
fsr-3721	35	18	uncertainty	uncertainty	NOUN
fsr-3721	35	19	for	for	ADP
fsr-3721	35	20	determining	determine	VERB
fsr-3721	35	21	real	real	ADJ
fsr-3721	35	22	income	income	NOUN
fsr-3721	35	23	growth	growth	NOUN
fsr-3721	35	24	and	and	CCONJ
fsr-3721	35	25	optimal	optimal	ADJ
fsr-3721	35	26	credit	credit	NOUN
fsr-3721	35	27	use	use	NOUN
fsr-3721	35	28	47	47	NUM
fsr-3721	35	29	optimal	optimal	ADJ
fsr-3721	35	30	credit	credit	NOUN
fsr-3721	35	31	use	use	NOUN
fsr-3721	35	32	facing	face	VERB
fsr-3721	35	33	consumers	consumer	NOUN
fsr-3721	35	34	is	be	AUX
fsr-3721	35	35	presented	present	VERB
fsr-3721	35	36	and	and	CCONJ
fsr-3721	35	37	illustrated	illustrate	VERB
fsr-3721	35	38	with	with	ADP
fsr-3721	35	39	numerical	numerical	ADJ
fsr-3721	35	40	analysis	analysis	NOUN
fsr-3721	35	41	.	.	PUNCT
fsr-3721	36	1	implications	implication	NOUN
fsr-3721	36	2	for	for	ADP
fsr-3721	36	3	a	a	DET
fsr-3721	36	4	life	life	NOUN
fsr-3721	36	5	cycle	cycle	NOUN
fsr-3721	36	6	model	model	NOUN
fsr-3721	36	7	arc	arc	NOUN
fsr-3721	36	8	then	then	ADV
fsr-3721	36	9	discussed	discuss	VERB
fsr-3721	36	10	.	.	PUNCT
fsr-3721	37	1	factors	factor	NOUN
fsr-3721	37	2	affecting	affect	VERB
fsr-3721	37	3	optimal	optimal	ADJ
fsr-3721	37	4	credit	credit	NOUN
fsr-3721	37	5	use	use	NOUN
fsr-3721	37	6	include	include	VERB
fsr-3721	37	7	the	the	DET
fsr-3721	37	8	expected	expect	VERB
fsr-3721	37	9	growth	growth	NOUN
fsr-3721	37	10	rate	rate	NOUN
fsr-3721	37	11	of	of	ADP
fsr-3721	37	12	real	real	ADJ
fsr-3721	37	13	income	income	NOUN
fsr-3721	37	14	,	,	PUNCT
fsr-3721	37	15	the	the	DET
fsr-3721	37	16	variance	variance	NOUN
fsr-3721	37	17	of.future	of.future	X
fsr-3721	37	18	income	income	NOUN
fsr-3721	37	19	,	,	PUNCT
fsr-3721	37	20	the	the	DET
fsr-3721	37	21	consumer	consumer	NOUN
fsr-3721	37	22	’s	’s	PART
fsr-3721	37	23	utility	utility	NOUN
fsr-3721	37	24	function	function	NOUN
fsr-3721	37	25	(	(	PUNCT
fsr-3721	37	26	e.g.	e.g.	ADV
fsr-3721	37	27	,	,	PUNCT
fsr-3721	37	28	the	the	DET
fsr-3721	37	29	parameter	parameter	NOUN
fsr-3721	37	30	of	of	ADP
fsr-3721	37	31	risk	risk	NOUN
fsr-3721	37	32	aversion	aversion	NOUN
fsr-3721	37	33	)	)	PUNCT
fsr-3721	37	34	,	,	PUNCT
fsr-3721	37	35	the	the	DET
fsr-3721	37	36	real	real	ADJ
fsr-3721	37	37	interest	interest	NOUN
fsr-3721	37	38	rate	rate	NOUN
fsr-3721	37	39	,	,	PUNCT
fsr-3721	37	40	and	and	CCONJ
fsr-3721	37	41	the	the	DET
fsr-3721	37	42	consumer	consumer	NOUN
fsr-3721	37	43	’s	’s	PART
fsr-3721	37	44	personal	personal	ADJ
fsr-3721	37	45	discount	discount	NOUN
fsr-3721	37	46	rate	rate	NOUN
fsr-3721	37	47	.	.	PUNCT
fsr-3721	38	1	iii	iii	X
fsr-3721	38	2	.	.	PUNCT
fsr-3721	39	1	a	a	DET
fsr-3721	39	2	two	two	NUM
fsr-3721	39	3	-	-	PUNCT
fsr-3721	39	4	period	period	NOUN
fsr-3721	39	5	model	model	NOUN
fsr-3721	39	6	of	of	ADP
fsr-3721	39	7	consumption	consumption	NOUN
fsr-3721	39	8	to	to	PART
fsr-3721	39	9	begin	begin	VERB
fsr-3721	39	10	,	,	PUNCT
fsr-3721	39	11	consider	consider	VERB
fsr-3721	39	12	the	the	DET
fsr-3721	39	13	following	follow	VERB
fsr-3721	39	14	model	model	NOUN
fsr-3721	39	15	:	:	PUNCT
fsr-3721	39	16	assume	assume	VERB
fsr-3721	39	17	that	that	SCONJ
fsr-3721	39	18	consumers	consumer	NOUN
fsr-3721	39	19	attempt	attempt	VERB
fsr-3721	39	20	to	to	PART
fsr-3721	39	21	maxi	maxi	ADJ
fsr-3721	39	22	mize	mize	VERB
fsr-3721	39	23	the	the	DET
fsr-3721	39	24	expected	expect	VERB
fsr-3721	39	25	value	value	NOUN
fsr-3721	39	26	of	of	ADP
fsr-3721	39	27	utility	utility	NOUN
fsr-3721	39	28	(	(	PUNCT
fsr-3721	39	29	7	7	NUM
fsr-3721	39	30	)	)	PUNCT
fsr-3721	39	31	for	for	ADP
fsr-3721	39	32	the	the	DET
fsr-3721	39	33	two	two	NUM
fsr-3721	39	34	periods	period	NOUN
fsr-3721	39	35	.	.	PUNCT
fsr-3721	40	1	they	they	PRON
fsr-3721	40	2	will	will	AUX
fsr-3721	40	3	make	make	VERB
fsr-3721	40	4	their	their	PRON
fsr-3721	40	5	borrowing	borrowing	NOUN
fsr-3721	40	6	(	(	PUNCT
fsr-3721	40	7	or	or	CCONJ
fsr-3721	40	8	saving	saving	NOUN
fsr-3721	40	9	)	)	PUNCT
fsr-3721	40	10	decision	decision	NOUN
fsr-3721	40	11	in	in	ADP
fsr-3721	40	12	conjunction	conjunction	NOUN
fsr-3721	40	13	with	with	ADP
fsr-3721	40	14	their	their	PRON
fsr-3721	40	15	known	know	VERB
fsr-3721	40	16	first	first	ADJ
fsr-3721	40	17	period	period	NOUN
fsr-3721	40	18	income	income	NOUN
fsr-3721	40	19	.	.	PUNCT
fsr-3721	41	1	the	the	DET
fsr-3721	41	2	second	second	ADJ
fsr-3721	41	3	period	period	NOUN
fsr-3721	41	4	consumption	consumption	NOUN
fsr-3721	41	5	will	will	AUX
fsr-3721	41	6	,	,	PUNCT
fsr-3721	41	7	of	of	ADP
fsr-3721	41	8	course	course	NOUN
fsr-3721	41	9	,	,	PUNCT
fsr-3721	41	10	be	be	AUX
fsr-3721	41	11	a	a	DET
fsr-3721	41	12	random	random	ADJ
fsr-3721	41	13	variable	variable	NOUN
fsr-3721	41	14	,	,	PUNCT
fsr-3721	41	15	dependent	dependent	ADJ
fsr-3721	41	16	on	on	ADP
fsr-3721	41	17	the	the	DET
fsr-3721	41	18	actual	actual	ADJ
fsr-3721	41	19	value	value	NOUN
fsr-3721	41	20	of	of	ADP
fsr-3721	41	21	second	second	ADJ
fsr-3721	41	22	period	period	NOUN
fsr-3721	41	23	income	income	NOUN
fsr-3721	41	24	which	which	PRON
fsr-3721	41	25	is	be	AUX
fsr-3721	41	26	assumed	assume	VERB
fsr-3721	41	27	to	to	PART
fsr-3721	41	28	be	be	AUX
fsr-3721	41	29	affected	affect	VERB
fsr-3721	41	30	by	by	ADP
fsr-3721	41	31	income	income	NOUN
fsr-3721	41	32	growth	growth	NOUN
fsr-3721	41	33	rate	rate	NOUN
fsr-3721	41	34	(	(	PUNCT
fsr-3721	41	35	or	or	CCONJ
fsr-3721	41	36	decrease	decrease	NOUN
fsr-3721	41	37	rate	rate	NOUN
fsr-3721	41	38	)	)	PUNCT
fsr-3721	41	39	and	and	CCONJ
fsr-3721	41	40	the	the	DET
fsr-3721	41	41	probability	probability	NOUN
fsr-3721	41	42	that	that	SCONJ
fsr-3721	41	43	income	income	NOUN
fsr-3721	41	44	growth	growth	NOUN
fsr-3721	41	45	occurs	occur	VERB
fsr-3721	41	46	,	,	PUNCT
fsr-3721	41	47	and	and	CCONJ
fsr-3721	41	48	also	also	ADV
fsr-3721	41	49	dependent	dependent	ADJ
fsr-3721	41	50	on	on	ADP
fsr-3721	41	51	the	the	DET
fsr-3721	41	52	interest	interest	NOUN
fsr-3721	41	53	rate	rate	NOUN
fsr-3721	41	54	of	of	ADP
fsr-3721	41	55	borrowing	borrowing	NOUN
fsr-3721	41	56	(	(	PUNCT
fsr-3721	41	57	or	or	CCONJ
fsr-3721	41	58	saving	saving	NOUN
fsr-3721	41	59	)	)	PUNCT
fsr-3721	41	60	.	.	PUNCT
fsr-3721	42	1	it	it	PRON
fsr-3721	42	2	is	be	AUX
fsr-3721	42	3	assumed	assume	VERB
fsr-3721	42	4	that	that	SCONJ
fsr-3721	42	5	there	there	PRON
fsr-3721	42	6	are	be	VERB
fsr-3721	42	7	two	two	NUM
fsr-3721	42	8	states	state	NOUN
fsr-3721	42	9	of	of	ADP
fsr-3721	42	10	the	the	DET
fsr-3721	42	11	world	world	NOUN
fsr-3721	42	12	in	in	ADP
fsr-3721	42	13	the	the	DET
fsr-3721	42	14	second	second	ADJ
fsr-3721	42	15	period	period	NOUN
fsr-3721	42	16	-	-	PUNCT
fsr-3721	42	17	real	real	ADJ
fsr-3721	42	18	income	income	NOUN
fsr-3721	42	19	either	either	CCONJ
fsr-3721	42	20	increases	increase	NOUN
fsr-3721	42	21	or	or	CCONJ
fsr-3721	42	22	stays	stay	VERB
fsr-3721	42	23	constant	constant	ADJ
fsr-3721	42	24	.	.	PUNCT
fsr-3721	43	1	(	(	PUNCT
fsr-3721	43	2	the	the	DET
fsr-3721	43	3	analysis	analysis	NOUN
fsr-3721	43	4	could	could	AUX
fsr-3721	43	5	allow	allow	VERB
fsr-3721	43	6	for	for	ADP
fsr-3721	43	7	other	other	ADJ
fsr-3721	43	8	scenarios	scenario	NOUN
fsr-3721	43	9	,	,	PUNCT
fsr-3721	43	10	but	but	CCONJ
fsr-3721	43	11	the	the	DET
fsr-3721	43	12	discussion	discussion	NOUN
fsr-3721	43	13	is	be	AUX
fsr-3721	43	14	limited	limit	VERB
fsr-3721	43	15	to	to	ADP
fsr-3721	43	16	this	this	DET
fsr-3721	43	17	scenario	scenario	NOUN
fsr-3721	43	18	because	because	SCONJ
fsr-3721	43	19	it	it	PRON
fsr-3721	43	20	is	be	AUX
fsr-3721	43	21	the	the	DET
fsr-3721	43	22	most	most	ADV
fsr-3721	43	23	plausible	plausible	ADJ
fsr-3721	43	24	scenario	scenario	NOUN
fsr-3721	43	25	for	for	ADP
fsr-3721	43	26	borrowing	borrow	VERB
fsr-3721	43	27	to	to	PART
fsr-3721	43	28	be	be	AUX
fsr-3721	43	29	rational	rational	ADJ
fsr-3721	43	30	)	)	PUNCT
fsr-3721	43	31	.	.	PUNCT
fsr-3721	44	1	c	c	X
fsr-3721	44	2	,	,	PUNCT
fsr-3721	44	3	and	and	CCONJ
fsr-3721	44	4	c	c	X
fsr-3721	44	5	,	,	PUNCT
fsr-3721	44	6	represent	represent	VERB
fsr-3721	44	7	consumption	consumption	NOUN
fsr-3721	44	8	in	in	ADP
fsr-3721	44	9	these	these	DET
fsr-3721	44	10	states	state	NOUN
fsr-3721	44	11	.	.	PUNCT
fsr-3721	45	1	finally	finally	ADV
fsr-3721	45	2	,	,	PUNCT
fsr-3721	45	3	consumers	consumer	NOUN
fsr-3721	45	4	are	be	AUX
fsr-3721	45	5	assumed	assume	VERB
fsr-3721	45	6	to	to	PART
fsr-3721	45	7	repay	repay	VERB
fsr-3721	45	8	the	the	DET
fsr-3721	45	9	loan	loan	NOUN
fsr-3721	45	10	in	in	ADP
fsr-3721	45	11	full	full	ADJ
fsr-3721	45	12	in	in	ADP
fsr-3721	45	13	the	the	DET
fsr-3721	45	14	second	second	ADJ
fsr-3721	45	15	period	period	NOUN
fsr-3721	45	16	.	.	PUNCT
fsr-3721	46	1	mathematically	mathematically	ADV
fsr-3721	46	2	,	,	PUNCT
fsr-3721	46	3	the	the	DET
fsr-3721	46	4	problem	problem	NOUN
fsr-3721	46	5	can	can	AUX
fsr-3721	46	6	be	be	AUX
fsr-3721	46	7	formulated	formulate	VERB
fsr-3721	46	8	as	as	ADP
fsr-3721	46	9	:	:	PUNCT
fsr-3721	46	10	t=	t=	NOUN
fsr-3721	46	11	u(c	u(c	PROPN
fsr-3721	46	12	,	,	PUNCT
fsr-3721	46	13	)	)	PUNCT
fsr-3721	47	1	+	+	CCONJ
fsr-3721	47	2	p	p	X
fsr-3721	47	3	*	*	AUX
fsr-3721	47	4	u(c*)+(l	u(c*)+(l	NOUN
fsr-3721	47	5	-	-	PROPN
fsr-3721	47	6	p	p	X
fsr-3721	47	7	)	)	PUNCT
fsr-3721	47	8	*	*	PUNCT
fsr-3721	47	9	u(c	u(c	PROPN
fsr-3721	47	10	,	,	PUNCT
fsr-3721	47	11	)	)	PUNCT
fsr-3721	47	12	(	(	PUNCT
fsr-3721	47	13	1	1	NUM
fsr-3721	47	14	+	+	NOUN
fsr-3721	47	15	p	p	NOUN
fsr-3721	47	16	)	)	PUNCT
fsr-3721	47	17	(	(	PUNCT
fsr-3721	47	18	1	1	X
fsr-3721	47	19	)	)	PUNCT
fsr-3721	47	20	the	the	DET
fsr-3721	47	21	constraints	constraint	NOUN
fsr-3721	47	22	are	be	AUX
fsr-3721	47	23	:	:	PUNCT
fsr-3721	47	24	cr	cr	X
fsr-3721	48	1	=	=	PUNCT
fsr-3721	49	1	i	i	PRON
fsr-3721	49	2	s	s	X
fsr-3721	49	3	(	(	PUNCT
fsr-3721	49	4	2	2	NUM
fsr-3721	49	5	)	)	PUNCT
fsr-3721	49	6	c*=(l+g)*l+(l+r)*s	c*=(l+g)*l+(l+r)*	NOUN
fsr-3721	49	7	(	(	PUNCT
fsr-3721	49	8	3	3	X
fsr-3721	49	9	)	)	PUNCT
fsr-3721	49	10	c,=z+(l+r)*s	c,=z+(l+r)*s	ADP
fsr-3721	49	11	(	(	PUNCT
fsr-3721	49	12	4	4	NUM
fsr-3721	49	13	)	)	PUNCT
fsr-3721	49	14	variables	variable	NOUN
fsr-3721	49	15	:	:	PUNCT
fsr-3721	49	16	t=	t=	PRON
fsr-3721	49	17	total	total	VERB
fsr-3721	49	18	two	two	NUM
fsr-3721	49	19	period	period	NOUN
fsr-3721	49	20	utility	utility	NOUN
fsr-3721	49	21	i=	i=	ADJ
fsr-3721	49	22	year	year	NOUN
fsr-3721	49	23	1	1	NUM
fsr-3721	49	24	income	income	NOUN
fsr-3721	49	25	year	year	NOUN
fsr-3721	49	26	2	2	NUM
fsr-3721	49	27	income	income	NOUN
fsr-3721	49	28	=	=	SYM
fsr-3721	49	29	(	(	PUNCT
fsr-3721	49	30	1	1	NUM
fsr-3721	49	31	+	+	CCONJ
fsr-3721	49	32	g	g	NOUN
fsr-3721	49	33	)	)	PUNCT
fsr-3721	49	34	*	*	PUNCT
fsr-3721	50	1	i	i	PRON
fsr-3721	50	2	(	(	PUNCT
fsr-3721	50	3	if	if	SCONJ
fsr-3721	50	4	income	income	NOUN
fsr-3721	50	5	increases	increase	VERB
fsr-3721	50	6	in	in	ADP
fsr-3721	50	7	that	that	DET
fsr-3721	50	8	year	year	NOUN
fsr-3721	50	9	)	)	PUNCT
fsr-3721	50	10	,	,	PUNCT
fsr-3721	50	11	otherwise	otherwise	ADV
fsr-3721	50	12	,	,	PUNCT
fsr-3721	50	13	year	year	NOUN
fsr-3721	50	14	2	2	NUM
fsr-3721	50	15	income	income	NOUN
fsr-3721	50	16	=	=	SYM
fsr-3721	50	17	year	year	NOUN
fsr-3721	50	18	1	1	NUM
fsr-3721	50	19	income	income	NOUN
fsr-3721	50	20	c1	c1	NOUN
fsr-3721	50	21	=	=	PUNCT
fsr-3721	50	22	consumption	consumption	NOUN
fsr-3721	50	23	in	in	ADP
fsr-3721	50	24	year	year	NOUN
fsr-3721	50	25	1	1	NUM
fsr-3721	50	26	s	s	PART
fsr-3721	50	27	=	=	PUNCT
fsr-3721	50	28	the	the	DET
fsr-3721	50	29	amount	amount	NOUN
fsr-3721	50	30	of	of	ADP
fsr-3721	50	31	savings	saving	NOUN
fsr-3721	50	32	in	in	ADP
fsr-3721	50	33	year	year	NOUN
fsr-3721	50	34	1	1	NUM
fsr-3721	50	35	(	(	PUNCT
fsr-3721	50	36	negative	negative	ADJ
fsr-3721	50	37	value	value	NOUN
fsr-3721	50	38	means	mean	VERB
fsr-3721	50	39	borrowing	borrow	VERB
fsr-3721	50	40	.	.	PUNCT
fsr-3721	50	41	)	)	PUNCT
fsr-3721	51	1	j?inancial	j?inancial	PROPN
fsr-3721	51	2	services	service	NOUN
fsr-3721	51	3	review	review	NOUN
fsr-3721	51	4	,	,	PUNCT
fsr-3721	51	5	3(l	3(l	NUM
fsr-3721	51	6	)	)	PUNCT
fsr-3721	51	7	1993	1993	NUM
fsr-3721	51	8	c	c	NOUN
fsr-3721	51	9	,	,	PUNCT
fsr-3721	51	10	=	=	SYM
fsr-3721	51	11	consumption	consumption	NOUN
fsr-3721	51	12	in	in	ADP
fsr-3721	51	13	year	year	NOUN
fsr-3721	51	14	2	2	NUM
fsr-3721	51	15	if	if	SCONJ
fsr-3721	51	16	real	real	ADJ
fsr-3721	51	17	income	income	NOUN
fsr-3721	51	18	in	in	ADP
fsr-3721	51	19	year	year	NOUN
fsr-3721	51	20	2	2	NUM
fsr-3721	51	21	increases	increase	VERB
fsr-3721	51	22	c,=	c,=	PROPN
fsr-3721	51	23	cons	con	NOUN
fsr-3721	51	24	~	~	PUNCT
fsr-3721	51	25	ption	ption	NOUN
fsr-3721	51	26	in	in	ADP
fsr-3721	51	27	year	year	NOUN
fsr-3721	51	28	2	2	NUM
fsr-3721	51	29	if	if	SCONJ
fsr-3721	51	30	real	real	ADJ
fsr-3721	51	31	income	income	NOUN
fsr-3721	51	32	in	in	ADP
fsr-3721	51	33	year	year	NOUN
fsr-3721	51	34	2	2	NUM
fsr-3721	51	35	does	do	AUX
fsr-3721	51	36	not	not	PART
fsr-3721	51	37	increase	increase	VERB
fsr-3721	51	38	g	g	NOUN
fsr-3721	51	39	=	=	NOUN
fsr-3721	51	40	growth	growth	NOUN
fsr-3721	51	41	rate	rate	NOUN
fsr-3721	51	42	in	in	ADP
fsr-3721	51	43	real	real	ADJ
fsr-3721	51	44	income	income	NOUN
fsr-3721	51	45	r	r	NOUN
fsr-3721	51	46	=	=	PUNCT
fsr-3721	51	47	real	real	ADJ
fsr-3721	51	48	interest	interest	NOUN
fsr-3721	51	49	rate	rate	NOUN
fsr-3721	51	50	(	(	PUNCT
fsr-3721	51	51	note	note	VERB
fsr-3721	51	52	that	that	SCONJ
fsr-3721	51	53	r	r	NOUN
fsr-3721	51	54	may	may	AUX
fsr-3721	51	55	be	be	AUX
fsr-3721	51	56	higher	high	ADJ
fsr-3721	51	57	for	for	ADP
fsr-3721	51	58	s	s	X
fsr-3721	51	59	<	<	X
fsr-3721	51	60	0	0	NUM
fsr-3721	51	61	,	,	PUNCT
fsr-3721	51	62	i.e.	i.e.	X
fsr-3721	51	63	,	,	PUNCT
fsr-3721	51	64	borrowing	borrowing	NOUN
fsr-3721	51	65	,	,	PUNCT
fsr-3721	51	66	than	than	ADP
fsr-3721	51	67	for	for	ADP
fsr-3721	51	68	s	s	PROPN
fsr-3721	51	69	>	>	X
fsr-3721	51	70	0	0	NUM
fsr-3721	51	71	)	)	PUNCT
fsr-3721	51	72	p=	p=	NOUN
fsr-3721	51	73	probability	probability	NOUN
fsr-3721	51	74	that	that	SCONJ
fsr-3721	51	75	real	real	ADJ
fsr-3721	51	76	income	income	NOUN
fsr-3721	51	77	increases	increase	VERB
fsr-3721	51	78	p	p	NOUN
fsr-3721	51	79	=	=	PUNCT
fsr-3721	51	80	personal	personal	ADJ
fsr-3721	51	81	discount	discount	NOUN
fsr-3721	51	82	factor	factor	NOUN
fsr-3721	51	83	a	a	DET
fsr-3721	51	84	consumer	consumer	NOUN
fsr-3721	51	85	may	may	AUX
fsr-3721	51	86	discount	discount	VERB
fsr-3721	51	87	utility	utility	NOUN
fsr-3721	51	88	from	from	ADP
fsr-3721	51	89	future	future	ADJ
fsr-3721	51	90	consumption	consumption	NOUN
fsr-3721	51	91	because	because	SCONJ
fsr-3721	51	92	of	of	ADP
fsr-3721	51	93	the	the	DET
fsr-3721	51	94	possibility	possibility	NOUN
fsr-3721	51	95	of	of	ADP
fsr-3721	51	96	not	not	PART
fsr-3721	51	97	being	be	AUX
fsr-3721	51	98	alive	alive	ADJ
fsr-3721	51	99	then	then	ADV
fsr-3721	51	100	,	,	PUNCT
fsr-3721	51	101	or	or	CCONJ
fsr-3721	51	102	because	because	SCONJ
fsr-3721	51	103	of	of	ADP
fsr-3721	51	104	other	other	ADJ
fsr-3721	51	105	possible	possible	ADJ
fsr-3721	51	106	changes	change	NOUN
fsr-3721	51	107	in	in	ADP
fsr-3721	51	108	capacity	capacity	NOUN
fsr-3721	51	109	to	to	PART
fsr-3721	51	110	derive	derive	VERB
fsr-3721	51	111	utility	utility	NOUN
fsr-3721	51	112	from	from	ADP
fsr-3721	51	113	consumption	consumption	NOUN
fsr-3721	51	114	.	.	PUNCT
fsr-3721	52	1	discounting	discount	VERB
fsr-3721	52	2	because	because	SCONJ
fsr-3721	52	3	of	of	ADP
fsr-3721	52	4	the	the	DET
fsr-3721	52	5	risk	risk	NOUN
fsr-3721	52	6	of	of	ADP
fsr-3721	52	7	death	death	NOUN
fsr-3721	52	8	should	should	AUX
fsr-3721	52	9	be	be	AUX
fsr-3721	52	10	small	small	ADJ
fsr-3721	52	11	for	for	ADP
fsr-3721	52	12	a	a	DET
fsr-3721	52	13	young	young	ADJ
fsr-3721	52	14	adult	adult	NOUN
fsr-3721	52	15	,	,	PUNCT
fsr-3721	52	16	although	although	SCONJ
fsr-3721	52	17	some	some	DET
fsr-3721	52	18	younger	young	ADJ
fsr-3721	52	19	consumers	consumer	NOUN
fsr-3721	52	20	may	may	AUX
fsr-3721	52	21	discount	discount	VERB
fsr-3721	52	22	future	future	ADJ
fsr-3721	52	23	consumption	consumption	NOUN
fsr-3721	52	24	because	because	SCONJ
fsr-3721	52	25	of	of	ADP
fsr-3721	52	26	“	"	PUNCT
fsr-3721	52	27	impatience	impatience	NOUN
fsr-3721	52	28	”	"	PUNCT
fsr-3721	52	29	or	or	CCONJ
fsr-3721	52	30	limited	limited	ADJ
fsr-3721	52	31	ability	ability	NOUN
fsr-3721	52	32	to	to	PART
fsr-3721	52	33	imagine	imagine	VERB
fsr-3721	52	34	utility	utility	NOUN
fsr-3721	52	35	as	as	ADP
fsr-3721	52	36	a	a	DET
fsr-3721	52	37	middle	middle	ADJ
fsr-3721	52	38	aged	aged	ADJ
fsr-3721	52	39	or	or	CCONJ
fsr-3721	52	40	elderly	elderly	ADJ
fsr-3721	52	41	consumer	consumer	NOUN
fsr-3721	52	42	.	.	PUNCT
fsr-3721	53	1	it	it	PRON
fsr-3721	53	2	is	be	AUX
fsr-3721	53	3	possible	possible	ADJ
fsr-3721	53	4	to	to	PART
fsr-3721	53	5	find	find	VERB
fsr-3721	53	6	the	the	DET
fsr-3721	53	7	level	level	NOUN
fsr-3721	53	8	of	of	ADP
fsr-3721	53	9	c1	c1	PROPN
fsr-3721	53	10	and	and	CCONJ
fsr-3721	53	11	c	c	NOUN
fsr-3721	53	12	,	,	PUNCT
fsr-3721	53	13	(	(	PUNCT
fsr-3721	53	14	and	and	CCONJ
fsr-3721	53	15	therefore	therefore	ADV
fsr-3721	53	16	savings	saving	NOUN
fsr-3721	53	17	or	or	CCONJ
fsr-3721	53	18	dissavings	dissaving	NOUN
fsr-3721	53	19	)	)	PUNCT
fsr-3721	53	20	which	which	PRON
fsr-3721	53	21	produce	produce	VERB
fsr-3721	53	22	the	the	DET
fsr-3721	53	23	highest	high	ADJ
fsr-3721	53	24	feasible	feasible	ADJ
fsr-3721	53	25	level	level	NOUN
fsr-3721	53	26	of	of	ADP
fsr-3721	53	27	utility	utility	NOUN
fsr-3721	53	28	by	by	ADP
fsr-3721	53	29	using	use	VERB
fsr-3721	53	30	calculus	calculus	NOUN
fsr-3721	53	31	.	.	PUNCT
fsr-3721	54	1	only	only	ADV
fsr-3721	54	2	general	general	ADJ
fsr-3721	54	3	results	result	NOUN
fsr-3721	54	4	can	can	AUX
fsr-3721	54	5	be	be	AUX
fsr-3721	54	6	derived	derive	VERB
fsr-3721	54	7	from	from	ADP
fsr-3721	54	8	equation	equation	NOUN
fsr-3721	54	9	(	(	PUNCT
fsr-3721	54	10	l	l	NOUN
fsr-3721	54	11	)	)	PUNCT
fsr-3721	54	12	,	,	PUNCT
fsr-3721	54	13	unless	unless	SCONJ
fsr-3721	54	14	restrictions	restriction	NOUN
fsr-3721	54	15	are	be	AUX
fsr-3721	54	16	placed	place	VERB
fsr-3721	54	17	on	on	ADP
fsr-3721	54	18	the	the	DET
fsr-3721	54	19	utility	utility	NOUN
fsr-3721	54	20	function	function	NOUN
fsr-3721	54	21	.	.	PUNCT
fsr-3721	55	1	most	most	ADJ
fsr-3721	55	2	studies	study	NOUN
fsr-3721	55	3	of	of	ADP
fsr-3721	55	4	intertemporal	intertemporal	ADJ
fsr-3721	55	5	consumption	consumption	NOUN
fsr-3721	55	6	have	have	AUX
fsr-3721	55	7	used	use	VERB
fsr-3721	55	8	a	a	DET
fsr-3721	55	9	constant	constant	ADJ
fsr-3721	55	10	elasticity	elasticity	NOUN
fsr-3721	55	11	utility	utility	NOUN
fsr-3721	55	12	function	function	NOUN
fsr-3721	55	13	(	(	PUNCT
fsr-3721	55	14	hurd	hurd	PROPN
fsr-3721	55	15	,	,	PUNCT
fsr-3721	55	16	1989	1989	NUM
fsr-3721	55	17	)	)	PUNCT
fsr-3721	55	18	which	which	PRON
fsr-3721	55	19	is	be	AUX
fsr-3721	55	20	additively	additively	ADV
fsr-3721	55	21	time	time	NOUN
fsr-3721	55	22	separable	separable	NOUN
fsr-3721	55	23	:	:	PUNCT
fsr-3721	55	24	the	the	DET
fsr-3721	55	25	elasticity	elasticity	NOUN
fsr-3721	55	26	of	of	ADP
fsr-3721	55	27	marginal	marginal	ADJ
fsr-3721	55	28	utility	utility	NOUN
fsr-3721	55	29	with	with	ADP
fsr-3721	55	30	respect	respect	NOUN
fsr-3721	55	31	to	to	ADP
fsr-3721	55	32	consumption	consumption	NOUN
fsr-3721	55	33	is	be	AUX
fsr-3721	55	34	-x	-x	PRON
fsr-3721	55	35	.	.	PUNCT
fsr-3721	56	1	the	the	DET
fsr-3721	56	2	elasticity	elasticity	NOUN
fsr-3721	56	3	of	of	ADP
fsr-3721	56	4	intertemporal	intertemporal	ADJ
fsr-3721	56	5	substitution	substitution	NOUN
fsr-3721	56	6	in	in	ADP
fsr-3721	56	7	consumption	consumption	NOUN
fsr-3721	56	8	is	be	AUX
fsr-3721	56	9	equal	equal	ADJ
fsr-3721	56	10	to	to	ADP
fsr-3721	56	11	l	l	NOUN
fsr-3721	56	12	/	/	PUNCT
fsr-3721	56	13	x.	x.	NOUN
fsr-3721	56	14	when	when	SCONJ
fsr-3721	56	15	this	this	DET
fsr-3721	56	16	type	type	NOUN
fsr-3721	56	17	of	of	ADP
fsr-3721	56	18	utility	utility	NOUN
fsr-3721	56	19	function	function	NOUN
fsr-3721	56	20	is	be	AUX
fsr-3721	56	21	used	use	VERB
fsr-3721	56	22	for	for	ADP
fsr-3721	56	23	analysis	analysis	NOUN
fsr-3721	56	24	of	of	ADP
fsr-3721	56	25	risk	risk	NOUN
fsr-3721	56	26	,	,	PUNCT
fsr-3721	56	27	the	the	DET
fsr-3721	56	28	parameter	parameter	NOUN
fsr-3721	56	29	x	x	VERB
fsr-3721	56	30	is	be	AUX
fsr-3721	56	31	relative	relative	ADJ
fsr-3721	56	32	risk	risk	NOUN
fsr-3721	56	33	aversion	aversion	NOUN
fsr-3721	56	34	.	.	PUNCT
fsr-3721	57	1	c	c	PROPN
fsr-3721	57	2	is	be	AUX
fsr-3721	57	3	consumption	consumption	NOUN
fsr-3721	57	4	per	per	ADP
fsr-3721	57	5	time	time	NOUN
fsr-3721	57	6	period	period	NOUN
fsr-3721	57	7	.	.	PUNCT
fsr-3721	58	1	estimates	estimate	NOUN
fsr-3721	58	2	of	of	ADP
fsr-3721	58	3	relative	relative	ADJ
fsr-3721	58	4	risk	risk	NOUN
fsr-3721	58	5	aversion	aversion	NOUN
fsr-3721	58	6	grossman	grossman	NOUN
fsr-3721	58	7	and	and	CCONJ
fsr-3721	58	8	shiller	shiller	PROPN
fsr-3721	58	9	(	(	PUNCT
fsr-3721	58	10	1981	1981	NUM
fsr-3721	58	11	)	)	PUNCT
fsr-3721	58	12	have	have	AUX
fsr-3721	58	13	given	give	VERB
fsr-3721	58	14	x	x	PUNCT
fsr-3721	58	15	an	an	DET
fsr-3721	58	16	interaction	interaction	NOUN
fsr-3721	58	17	as	as	ADP
fsr-3721	58	18	‘	'	PUNCT
fsr-3721	58	19	i	i	PRON
fsr-3721	58	20	...	...	PUNCT
fsr-3721	58	21	a	a	DET
fsr-3721	58	22	measure	measure	NOUN
fsr-3721	58	23	of	of	ADP
fsr-3721	58	24	the	the	DET
fsr-3721	58	25	concavity	concavity	NOUN
fsr-3721	58	26	of	of	ADP
fsr-3721	58	27	the	the	DET
fsr-3721	58	28	utility	utility	NOUN
fsr-3721	58	29	function	function	NOUN
fsr-3721	58	30	or	or	CCONJ
fsr-3721	58	31	the	the	DET
fsr-3721	58	32	disutility	disutility	NOUN
fsr-3721	58	33	of	of	ADP
fsr-3721	58	34	consumption	consumption	NOUN
fsr-3721	58	35	fluctuations	fluctuation	NOUN
fsr-3721	58	36	”	"	PUNCT
fsr-3721	58	37	(	(	PUNCT
fsr-3721	58	38	grossman	grossman	PROPN
fsr-3721	58	39	&	&	CCONJ
fsr-3721	58	40	shiller	shiller	PROPN
fsr-3721	58	41	,	,	PUNCT
fsr-3721	58	42	1981	1981	NUM
fsr-3721	58	43	,	,	PUNCT
fsr-3721	58	44	p.	p.	NOUN
fsr-3721	58	45	224	224	NUM
fsr-3721	58	46	)	)	PUNCT
fsr-3721	58	47	.	.	PUNCT
fsr-3721	59	1	the	the	PRON
fsr-3721	59	2	higher	high	ADJ
fsr-3721	59	3	the	the	DET
fsr-3721	59	4	value	value	NOUN
fsr-3721	59	5	of	of	ADP
fsr-3721	59	6	x	x	PRON
fsr-3721	59	7	,	,	PUNCT
fsr-3721	59	8	the	the	DET
fsr-3721	59	9	more	more	ADJ
fsr-3721	59	10	risk	risk	NOUN
fsr-3721	59	11	averse	averse	ADJ
fsr-3721	59	12	is	be	AUX
fsr-3721	59	13	the	the	DET
fsr-3721	59	14	consumer	consumer	NOUN
fsr-3721	59	15	,	,	PUNCT
fsr-3721	59	16	and	and	CCONJ
fsr-3721	59	17	the	the	DET
fsr-3721	59	18	more	more	ADV
fsr-3721	59	19	rapidly	rapidly	ADV
fsr-3721	59	20	marginal	marginal	ADJ
fsr-3721	59	21	utility	utility	NOUN
fsr-3721	59	22	decreases	decrease	VERB
fsr-3721	59	23	as	as	ADP
fsr-3721	59	24	consumption	consumption	NOUN
fsr-3721	59	25	or	or	CCONJ
fsr-3721	59	26	wealth	wealth	NOUN
fsr-3721	59	27	increases	increase	NOUN
fsr-3721	59	28	.	.	PUNCT
fsr-3721	60	1	the	the	DET
fsr-3721	60	2	analysis	analysis	NOUN
fsr-3721	60	3	of	of	ADP
fsr-3721	60	4	economic	economic	ADJ
fsr-3721	60	5	behavior	behavior	NOUN
fsr-3721	60	6	under	under	ADP
fsr-3721	60	7	un~~~nty	un~~~nty	NOUN
fsr-3721	60	8	uses	use	VERB
fsr-3721	60	9	relative	relative	ADJ
fsr-3721	60	10	risk	risk	NOUN
fsr-3721	60	11	aversion	aversion	NOUN
fsr-3721	60	12	extensively	extensively	ADV
fsr-3721	60	13	.	.	PUNCT
fsr-3721	61	1	for	for	ADP
fsr-3721	61	2	intertemporal	intertemporal	ADJ
fsr-3721	61	3	consumption	consumption	NOUN
fsr-3721	61	4	,	,	PUNCT
fsr-3721	61	5	empirical	empirical	ADJ
fsr-3721	61	6	estimates	estimate	NOUN
fsr-3721	61	7	of	of	ADP
fsr-3721	61	8	x	x	PUNCT
fsr-3721	61	9	range	range	NOUN
fsr-3721	61	10	from	from	ADP
fsr-3721	61	11	just	just	ADV
fsr-3721	61	12	under	under	ADP
fsr-3721	61	13	two	two	NUM
fsr-3721	61	14	(	(	PUNCT
fsr-3721	61	15	skinner	skinner	NOUN
fsr-3721	61	16	,	,	PUNCT
fsr-3721	61	17	1985	1985	NUM
fsr-3721	61	18	)	)	PUNCT
fsr-3721	61	19	to	to	ADP
fsr-3721	61	20	15	15	NUM
fsr-3721	61	21	(	(	PUNCT
fsr-3721	61	22	hall	hall	NOUN
fsr-3721	61	23	,	,	PUNCT
fsr-3721	61	24	1988	1988	NUM
fsr-3721	61	25	)	)	PUNCT
fsr-3721	61	26	.	.	PUNCT
fsr-3721	62	1	other	other	ADJ
fsr-3721	62	2	estimates	estimate	NOUN
fsr-3721	62	3	were	be	AUX
fsr-3721	62	4	between	between	ADP
fsr-3721	62	5	these	these	DET
fsr-3721	62	6	two	two	NUM
fsr-3721	62	7	values	value	NOUN
fsr-3721	62	8	.	.	PUNCT
fsr-3721	63	1	the	the	DET
fsr-3721	63	2	wide	wide	ADJ
fsr-3721	63	3	range	range	NOUN
fsr-3721	63	4	of	of	ADP
fsr-3721	63	5	estimates	estimate	NOUN
fsr-3721	63	6	of	of	ADP
fsr-3721	63	7	the	the	DET
fsr-3721	63	8	utility	utility	NOUN
fsr-3721	63	9	function	function	NOUN
fsr-3721	63	10	parameter	parameter	NOUN
fsr-3721	63	11	,	,	PUNCT
fsr-3721	63	12	x	x	NOUN
fsr-3721	63	13	,	,	PUNCT
fsr-3721	63	14	relative	relative	ADJ
fsr-3721	63	15	risk	risk	NOUN
fsr-3721	63	16	aversion	aversion	NOUN
fsr-3721	63	17	,	,	PUNCT
fsr-3721	63	18	may	may	AUX
fsr-3721	63	19	be	be	AUX
fsr-3721	63	20	due	due	ADJ
fsr-3721	63	21	to	to	ADP
fsr-3721	63	22	several	several	ADJ
fsr-3721	63	23	causes	cause	NOUN
fsr-3721	63	24	,	,	PUNCT
fsr-3721	63	25	including	include	VERB
fsr-3721	63	26	:	:	PUNCT
fsr-3721	63	27	real	real	ADJ
fsr-3721	63	28	income	income	NOUN
fsr-3721	63	29	growth	growth	NOUN
fsr-3721	63	30	and	and	CCONJ
fsr-3721	63	31	optimal	optimal	ADJ
fsr-3721	63	32	credit	credit	NOUN
fsr-3721	63	33	use	use	NOUN
fsr-3721	63	34	49	49	NUM
fsr-3721	63	35	1	1	NUM
fsr-3721	63	36	.	.	PUNCT
fsr-3721	64	1	many	many	ADJ
fsr-3721	64	2	households	household	NOUN
fsr-3721	64	3	face	face	VERB
fsr-3721	64	4	liquidity	liquidity	NOUN
fsr-3721	64	5	constraints	constraint	NOUN
fsr-3721	64	6	(	(	PUNCT
fsr-3721	64	7	they	they	PRON
fsr-3721	64	8	have	have	AUX
fsr-3721	64	9	zero	zero	NUM
fsr-3721	64	10	or	or	CCONJ
fsr-3721	64	11	low	low	ADJ
fsr-3721	64	12	levels	level	NOUN
fsr-3721	64	13	of	of	ADP
fsr-3721	64	14	assets	asset	NOUN
fsr-3721	64	15	,	,	PUNCT
fsr-3721	64	16	and	and	CCONJ
fsr-3721	64	17	therefore	therefore	ADV
fsr-3721	64	18	can	can	AUX
fsr-3721	64	19	not	not	PART
fsr-3721	64	20	dissave	dissave	VERB
fsr-3721	64	21	without	without	ADP
fsr-3721	64	22	borrowing	borrow	VERB
fsr-3721	64	23	at	at	ADP
fsr-3721	64	24	a	a	DET
fsr-3721	64	25	much	much	ADV
fsr-3721	64	26	higher	high	ADJ
fsr-3721	64	27	interest	interest	NOUN
fsr-3721	64	28	rate	rate	NOUN
fsr-3721	64	29	than	than	SCONJ
fsr-3721	64	30	can	can	AUX
fsr-3721	64	31	be	be	AUX
fsr-3721	64	32	obtained	obtain	VERB
fsr-3721	64	33	from	from	ADP
fsr-3721	64	34	safe	safe	ADJ
fsr-3721	64	35	investments	investment	NOUN
fsr-3721	64	36	)	)	PUNCT
fsr-3721	64	37	.	.	PUNCT
fsr-3721	65	1	2	2	X
fsr-3721	65	2	.	.	X
fsr-3721	65	3	the	the	DET
fsr-3721	65	4	data	data	NOUN
fsr-3721	65	5	sets	set	NOUN
fsr-3721	65	6	used	use	VERB
fsr-3721	65	7	for	for	ADP
fsr-3721	65	8	empirical	empirical	ADJ
fsr-3721	65	9	analyses	analysis	NOUN
fsr-3721	65	10	did	do	AUX
fsr-3721	65	11	not	not	PART
fsr-3721	65	12	contain	contain	VERB
fsr-3721	65	13	appropriate	appropriate	ADJ
fsr-3721	65	14	variables	variable	NOUN
fsr-3721	65	15	.	.	PUNCT
fsr-3721	66	1	for	for	ADP
fsr-3721	66	2	instance	instance	NOUN
fsr-3721	66	3	,	,	PUNCT
fsr-3721	66	4	the	the	DET
fsr-3721	66	5	theoretical	theoretical	ADJ
fsr-3721	66	6	measure	measure	NOUN
fsr-3721	66	7	of	of	ADP
fsr-3721	66	8	savings	saving	NOUN
fsr-3721	66	9	used	use	VERB
fsr-3721	66	10	in	in	ADP
fsr-3721	66	11	the	the	DET
fsr-3721	66	12	literature	literature	NOUN
fsr-3721	66	13	is	be	AUX
fsr-3721	66	14	the	the	DET
fsr-3721	66	15	amount	amount	NOUN
fsr-3721	66	16	not	not	PART
fsr-3721	66	17	consumed	consume	VERB
fsr-3721	66	18	.	.	PUNCT
fsr-3721	67	1	the	the	DET
fsr-3721	67	2	measure	measure	NOUN
fsr-3721	67	3	used	use	VERB
fsr-3721	67	4	in	in	ADP
fsr-3721	67	5	many	many	ADJ
fsr-3721	67	6	studies	study	NOUN
fsr-3721	67	7	is	be	AUX
fsr-3721	67	8	the	the	DET
fsr-3721	67	9	change	change	NOUN
fsr-3721	67	10	in	in	ADP
fsr-3721	67	11	net	net	ADJ
fsr-3721	67	12	worth	worth	NOUN
fsr-3721	67	13	.	.	PUNCT
fsr-3721	68	1	however	however	ADV
fsr-3721	68	2	,	,	PUNCT
fsr-3721	68	3	although	although	SCONJ
fsr-3721	68	4	it	it	PRON
fsr-3721	68	5	is	be	AUX
fsr-3721	68	6	often	often	ADV
fsr-3721	68	7	assumed	assume	VERB
fsr-3721	68	8	that	that	SCONJ
fsr-3721	68	9	a	a	DET
fsr-3721	68	10	consumer	consumer	NOUN
fsr-3721	68	11	can	can	AUX
fsr-3721	68	12	not	not	PART
fsr-3721	68	13	identify	identify	VERB
fsr-3721	68	14	a	a	DET
fsr-3721	68	15	utility	utility	NOUN
fsr-3721	68	16	function	function	NOUN
fsr-3721	68	17	explicitly	explicitly	ADV
fsr-3721	68	18	,	,	PUNCT
fsr-3721	68	19	it	it	PRON
fsr-3721	68	20	may	may	AUX
fsr-3721	68	21	be	be	AUX
fsr-3721	68	22	possible	possible	ADJ
fsr-3721	68	23	to	to	PART
fsr-3721	68	24	construct	construct	VERB
fsr-3721	68	25	hypothetical	hypothetical	ADJ
fsr-3721	68	26	examples	example	NOUN
fsr-3721	68	27	that	that	PRON
fsr-3721	68	28	allow	allow	VERB
fsr-3721	68	29	one	one	PRON
fsr-3721	68	30	to	to	PART
fsr-3721	68	31	intuitively	intuitively	ADV
fsr-3721	68	32	identify	identify	VERB
fsr-3721	68	33	a	a	DET
fsr-3721	68	34	unique	unique	ADJ
fsr-3721	68	35	utility	utility	NOUN
fsr-3721	68	36	function	function	NOUN
fsr-3721	68	37	parameter	parameter	NOUN
fsr-3721	68	38	.	.	PUNCT
fsr-3721	69	1	it	it	PRON
fsr-3721	69	2	is	be	AUX
fsr-3721	69	3	possible	possible	ADJ
fsr-3721	69	4	to	to	PART
fsr-3721	69	5	create	create	VERB
fsr-3721	69	6	a	a	DET
fsr-3721	69	7	scenario	scenario	NOUN
fsr-3721	69	8	to	to	PART
fsr-3721	69	9	obtain	obtain	VERB
fsr-3721	69	10	insight	insight	NOUN
fsr-3721	69	11	into	into	ADP
fsr-3721	69	12	the	the	DET
fsr-3721	69	13	similar	similar	ADJ
fsr-3721	69	14	parameter	parameter	NOUN
fsr-3721	69	15	for	for	ADP
fsr-3721	69	16	the	the	DET
fsr-3721	69	17	intertemporal	intertemporal	ADJ
fsr-3721	69	18	utility	utility	NOUN
fsr-3721	69	19	function	function	NOUN
fsr-3721	69	20	.	.	PUNCT
fsr-3721	70	1	to	to	PART
fsr-3721	70	2	obtain	obtain	VERB
fsr-3721	70	3	some	some	DET
fsr-3721	70	4	insight	insight	NOUN
fsr-3721	70	5	into	into	ADP
fsr-3721	70	6	plausible	plausible	ADJ
fsr-3721	70	7	values	value	NOUN
fsr-3721	70	8	of	of	ADP
fsr-3721	70	9	relative	relative	ADJ
fsr-3721	70	10	risk	risk	NOUN
fsr-3721	70	11	aversion	aversion	NOUN
fsr-3721	70	12	,	,	PUNCT
fsr-3721	70	13	x	x	PRON
fsr-3721	70	14	,	,	PUNCT
fsr-3721	70	15	consider	consider	VERB
fsr-3721	70	16	the	the	DET
fsr-3721	70	17	following	follow	VERB
fsr-3721	70	18	hyporhetical	hyporhetical	ADJ
fsr-3721	70	19	situation	situation	NOUN
fsr-3721	70	20	:	:	PUNCT
fsr-3721	70	21	you	you	PRON
fsr-3721	70	22	are	be	AUX
fsr-3721	70	23	20	20	NUM
fsr-3721	70	24	years	year	NOUN
fsr-3721	70	25	old	old	ADJ
fsr-3721	70	26	,	,	PUNCT
fsr-3721	70	27	and	and	CCONJ
fsr-3721	70	28	know	know	VERB
fsr-3721	70	29	with	with	ADP
fsr-3721	70	30	certainty	certainty	NOUN
fsr-3721	70	31	that	that	SCONJ
fsr-3721	70	32	you	you	PRON
fsr-3721	70	33	will	will	AUX
fsr-3721	70	34	live	live	VERB
fsr-3721	70	35	to	to	PART
fsr-3721	70	36	be	be	AUX
fsr-3721	70	37	100	100	NUM
fsr-3721	70	38	in	in	ADP
fsr-3721	70	39	good	good	ADJ
fsr-3721	70	40	health	health	NOUN
fsr-3721	70	41	.	.	PUNCT
fsr-3721	71	1	everything	everything	PRON
fsr-3721	71	2	about	about	ADP
fsr-3721	71	3	your	your	PRON
fsr-3721	71	4	personal	personal	ADJ
fsr-3721	71	5	situation	situation	NOUN
fsr-3721	71	6	will	will	AUX
fsr-3721	71	7	remain	remain	VERB
fsr-3721	71	8	the	the	DET
fsr-3721	71	9	same	same	ADJ
fsr-3721	71	10	for	for	ADP
fsr-3721	71	11	the	the	DET
fsr-3721	71	12	next	next	ADJ
fsr-3721	71	13	80	80	NUM
fsr-3721	71	14	years	year	NOUN
fsr-3721	71	15	.	.	PUNCT
fsr-3721	72	1	you	you	PRON
fsr-3721	72	2	want	want	VERB
fsr-3721	72	3	to	to	PART
fsr-3721	72	4	spend	spend	VERB
fsr-3721	72	5	all	all	PRON
fsr-3721	72	6	of	of	ADP
fsr-3721	72	7	your	your	PRON
fsr-3721	72	8	wealth	wealth	NOUN
fsr-3721	72	9	by	by	ADP
fsr-3721	72	10	the	the	DET
fsr-3721	72	11	day	day	NOUN
fsr-3721	72	12	of	of	ADP
fsr-3721	72	13	your	your	PRON
fsr-3721	72	14	death	death	NOUN
fsr-3721	72	15	.	.	PUNCT
fsr-3721	73	1	your	your	PRON
fsr-3721	73	2	non	non	ADJ
fsr-3721	73	3	-	-	ADJ
fsr-3721	73	4	asset	asset	ADJ
fsr-3721	73	5	income	income	NOUN
fsr-3721	73	6	will	will	AUX
fsr-3721	73	7	be	be	AUX
fsr-3721	73	8	$	$	SYM
fsr-3721	73	9	20,000	20,000	NUM
fsr-3721	73	10	per	per	ADP
fsr-3721	73	11	year	year	NOUN
fsr-3721	73	12	in	in	ADP
fsr-3721	73	13	real	real	ADJ
fsr-3721	73	14	(	(	PUNCT
fsr-3721	73	15	constant	constant	ADJ
fsr-3721	73	16	dollar	dollar	NOUN
fsr-3721	73	17	)	)	PUNCT
fsr-3721	73	18	terms	term	NOUN
fsr-3721	73	19	.	.	PUNCT
fsr-3721	74	1	you	you	PRON
fsr-3721	74	2	can	can	AUX
fsr-3721	74	3	obtain	obtain	VERB
fsr-3721	74	4	exactly	exactly	ADV
fsr-3721	74	5	6	6	NUM
fsr-3721	74	6	%	%	NOUN
fsr-3721	74	7	per	per	ADP
fsr-3721	74	8	year	year	NOUN
fsr-3721	74	9	after	after	ADP
fsr-3721	74	10	inflation	inflation	NOUN
fsr-3721	74	11	and	and	CCONJ
fsr-3721	74	12	taxes	taxis	NOUN
fsr-3721	74	13	on	on	ADP
fsr-3721	74	14	investments	investment	NOUN
fsr-3721	74	15	.	.	PUNCT
fsr-3721	75	1	table	table	NOUN
fsr-3721	75	2	1	1	NUM
fsr-3721	75	3	shows	show	VERB
fsr-3721	75	4	optimal	optimal	ADJ
fsr-3721	75	5	consumption	consumption	NOUN
fsr-3721	75	6	paths	path	NOUN
fsr-3721	75	7	for	for	ADP
fsr-3721	75	8	different	different	ADJ
fsr-3721	75	9	values	value	NOUN
fsr-3721	75	10	of	of	ADP
fsr-3721	75	11	x	x	PRON
fsr-3721	75	12	,	,	PUNCT
fsr-3721	75	13	assuming	assume	VERB
fsr-3721	75	14	p	p	X
fsr-3721	75	15	=	=	NOUN
fsr-3721	75	16	0	0	NUM
fsr-3721	75	17	.	.	PUNCT
fsr-3721	76	1	based	base	VERB
fsr-3721	76	2	on	on	ADP
fsr-3721	76	3	the	the	DET
fsr-3721	76	4	hypothetical	hypothetical	ADJ
fsr-3721	76	5	example	example	NOUN
fsr-3721	76	6	,	,	PUNCT
fsr-3721	76	7	a	a	DET
fsr-3721	76	8	value	value	NOUN
fsr-3721	76	9	of	of	ADP
fsr-3721	76	10	x	x	X
fsr-3721	76	11	=	=	SYM
fsr-3721	76	12	1	1	NUM
fsr-3721	76	13	(	(	PUNCT
fsr-3721	76	14	which	which	PRON
fsr-3721	76	15	corresponds	correspond	VERB
fsr-3721	76	16	to	to	ADP
fsr-3721	76	17	a	a	DET
fsr-3721	76	18	natural	natural	ADJ
fsr-3721	76	19	logarithm	logarithm	NOUN
fsr-3721	76	20	utility	utility	NOUN
fsr-3721	76	21	function	function	NOUN
fsr-3721	76	22	)	)	PUNCT
fsr-3721	76	23	would	would	AUX
fsr-3721	76	24	seem	seem	VERB
fsr-3721	76	25	extremely	extremely	ADV
fsr-3721	76	26	miserly	miserly	ADJ
fsr-3721	76	27	,	,	PUNCT
fsr-3721	76	28	as	as	SCONJ
fsr-3721	76	29	you	you	PRON
fsr-3721	76	30	would	would	AUX
fsr-3721	76	31	spend	spend	VERB
fsr-3721	76	32	only	only	ADV
fsr-3721	76	33	$	$	SYM
fsr-3721	76	34	4,323	4,323	NUM
fsr-3721	76	35	of	of	ADP
fsr-3721	76	36	your	your	PRON
fsr-3721	76	37	$	$	SYM
fsr-3721	76	38	20,000	20,000	NUM
fsr-3721	76	39	income	income	NOUN
fsr-3721	76	40	at	at	ADP
fsr-3721	76	41	age	age	NOUN
fsr-3721	76	42	20	20	NUM
fsr-3721	76	43	in	in	ADP
fsr-3721	76	44	order	order	NOUN
fsr-3721	76	45	to	to	PART
fsr-3721	76	46	enjoy	enjoy	VERB
fsr-3721	76	47	$	$	SYM
fsr-3721	76	48	457,382	457,382	NUM
fsr-3721	76	49	of	of	ADP
fsr-3721	76	50	consumption	consumption	NOUN
fsr-3721	76	51	the	the	DET
fsr-3721	76	52	last	last	ADJ
fsr-3721	76	53	year	year	NOUN
fsr-3721	76	54	of	of	ADP
fsr-3721	76	55	your	your	PRON
fsr-3721	76	56	life	life	NOUN
fsr-3721	76	57	.	.	PUNCT
fsr-3721	77	1	a	a	DET
fsr-3721	77	2	value	value	NOUN
fsr-3721	77	3	of	of	ADP
fsr-3721	77	4	x	x	SYM
fsr-3721	77	5	=	=	SYM
fsr-3721	77	6	6	6	NUM
fsr-3721	77	7	might	might	AUX
fsr-3721	77	8	be	be	AUX
fsr-3721	77	9	representative	representative	ADJ
fsr-3721	77	10	of	of	ADP
fsr-3721	77	11	the	the	DET
fsr-3721	77	12	typical	typical	ADJ
fsr-3721	77	13	american	american	ADJ
fsr-3721	77	14	consumer	consumer	NOUN
fsr-3721	77	15	,	,	PUNCT
fsr-3721	77	16	as	as	SCONJ
fsr-3721	77	17	the	the	DET
fsr-3721	77	18	consumer	consumer	NOUN
fsr-3721	77	19	would	would	AUX
fsr-3721	77	20	spend	spend	VERB
fsr-3721	77	21	$	$	SYM
fsr-3721	77	22	16,929	16,929	NUM
fsr-3721	77	23	out	out	ADP
fsr-3721	77	24	of	of	ADP
fsr-3721	77	25	$	$	SYM
fsr-3721	77	26	20,000	20,000	NUM
fsr-3721	77	27	income	income	NOUN
fsr-3721	77	28	at	at	ADP
fsr-3721	77	29	age	age	NOUN
fsr-3721	77	30	20	20	NUM
fsr-3721	77	31	,	,	PUNCT
fsr-3721	77	32	and	and	CCONJ
fsr-3721	77	33	could	could	AUX
fsr-3721	77	34	spend	spend	VERB
fsr-3721	77	35	$	$	SYM
fsr-3721	77	36	36,817	36,817	NUM
fsr-3721	77	37	at	at	ADP
fsr-3721	77	38	age	age	NOUN
fsr-3721	77	39	100	100	NUM
fsr-3721	77	40	.	.	PUNCT
fsr-3721	78	1	it	it	PRON
fsr-3721	78	2	seems	seem	VERB
fsr-3721	78	3	likely	likely	ADJ
fsr-3721	78	4	that	that	SCONJ
fsr-3721	78	5	most	most	ADJ
fsr-3721	78	6	americans	americans	PROPN
fsr-3721	78	7	would	would	AUX
fsr-3721	78	8	have	have	VERB
fsr-3721	78	9	a	a	DET
fsr-3721	78	10	value	value	NOUN
fsr-3721	78	11	of	of	ADP
fsr-3721	78	12	x	x	PUNCT
fsr-3721	78	13	between	between	ADP
fsr-3721	78	14	four	four	NUM
fsr-3721	78	15	and	and	CCONJ
fsr-3721	78	16	eight	eight	NUM
fsr-3721	78	17	.	.	PUNCT
fsr-3721	79	1	kimball	kimball	PROPN
fsr-3721	79	2	’s	’s	PART
fsr-3721	79	3	(	(	PUNCT
fsr-3721	79	4	1988	1988	NUM
fsr-3721	79	5	)	)	PUNCT
fsr-3721	79	6	hypothetical	hypothetical	ADJ
fsr-3721	79	7	example	example	NOUN
fsr-3721	79	8	for	for	ADP
fsr-3721	79	9	relative	relative	ADJ
fsr-3721	79	10	risk	risk	NOUN
fsr-3721	79	11	aversion	aversion	NOUN
fsr-3721	79	12	,	,	PUNCT
fsr-3721	79	13	may	may	AUX
fsr-3721	79	14	imply	imply	VERB
fsr-3721	79	15	a	a	DET
fsr-3721	79	16	value	value	NOUN
fsr-3721	79	17	between	between	ADP
fsr-3721	79	18	four	four	NUM
fsr-3721	79	19	and	and	CCONJ
fsr-3721	79	20	eight	eight	NUM
fsr-3721	79	21	(	(	PUNCT
fsr-3721	79	22	hanna	hanna	NOUN
fsr-3721	79	23	1988	1988	NUM
fsr-3721	79	24	)	)	PUNCT
fsr-3721	79	25	.	.	PUNCT
fsr-3721	80	1	the	the	DET
fsr-3721	80	2	utility	utility	NOUN
fsr-3721	80	3	function	function	VERB
fsr-3721	80	4	u(w	u(w	PROPN
fsr-3721	80	5	)	)	PUNCT
fsr-3721	80	6	,	,	PUNCT
fsr-3721	80	7	and	and	CCONJ
fsr-3721	80	8	the	the	DET
fsr-3721	80	9	expected	expect	VERB
fsr-3721	80	10	utility	utility	NOUN
fsr-3721	80	11	eu(w	eu(w	NOUN
fsr-3721	80	12	)	)	PUNCT
fsr-3721	80	13	are	be	AUX
fsr-3721	80	14	specified	specify	VERB
fsr-3721	80	15	as	as	ADP
fsr-3721	80	16	follows	follow	NOUN
fsr-3721	80	17	,	,	PUNCT
fsr-3721	80	18	table	table	NOUN
fsr-3721	80	19	1	1	NUM
fsr-3721	80	20	.	.	PUNCT
fsr-3721	80	21	optimal	optimal	ADJ
fsr-3721	80	22	consumption	consumption	NOUN
fsr-3721	80	23	by	by	ADP
fsr-3721	80	24	x	x	PROPN
fsr-3721	80	25	,	,	PUNCT
fsr-3721	80	26	hypothetical	hypothetical	ADJ
fsr-3721	80	27	example	example	NOUN
fsr-3721	80	28	age	age	NOUN
fsr-3721	80	29	x=1	x=1	PUNCT
fsr-3721	80	30	x=2	x=2	PUNCT
fsr-3721	81	1	x=3	x=3	PROPN
fsr-3721	82	1	20	20	NUM
fsr-3721	82	2	4,323	4,323	NUM
fsr-3721	82	3	11,104	11,104	NUM
fsr-3721	82	4	13,942	13,942	NUM
fsr-3721	82	5	30	30	NUM
fsr-3721	82	6	7,742	7,742	NUM
fsr-3721	82	7	14,859	14,859	NUM
fsr-3721	82	8	16,931	16,931	NUM
fsr-3721	82	9	40	40	NUM
fsr-3721	82	10	13,865	13,865	NUM
fsr-3721	82	11	19,885	19,885	NUM
fsr-3721	82	12	20,560	20,560	NUM
fsr-3721	82	13	50	50	NUM
fsr-3721	82	14	24,83	24,83	NUM
fsr-3721	82	15	1	1	NUM
fsr-3721	82	16	26,611	26,611	NUM
fsr-3721	82	17	24,968	24,968	NUM
fsr-3721	82	18	60	60	NUM
fsr-3721	82	19	44,468	44,468	NUM
fsr-3721	82	20	35,611	35,611	NUM
fsr-3721	82	21	30,320	30,320	NUM
fsr-3721	82	22	70	70	NUM
fsr-3721	82	23	78,635	78,635	NUM
fsr-3721	82	24	47,656	47,656	NUM
fsr-3721	82	25	36,820	36,820	NUM
fsr-3721	82	26	80	80	NUM
fsr-3721	82	27	141,614	141,614	NUM
fsr-3721	82	28	63,774	63,774	NUM
fsr-3721	82	29	44,713	44,713	NUM
fsr-3721	82	30	90	90	NUM
fsr-3721	82	31	255,400	255,400	NUM
fsr-3721	82	32	85,344	85,344	NUM
fsr-3721	82	33	54,299	54,299	NUM
fsr-3721	82	34	100	100	NUM
fsr-3721	82	35	457,382	457,382	NUM
fsr-3721	82	36	114,210	114,210	NUM
fsr-3721	82	37	65,939	65,939	NUM
fsr-3721	82	38	x=4	x=4	PROPN
fsr-3721	82	39	15,421	15,421	NUM
fsr-3721	82	40	17,840	17,840	NUM
fsr-3721	82	41	20,637	20,637	NUM
fsr-3721	82	42	23,874	23,874	NUM
fsr-3721	82	43	27,618	27,618	NUM
fsr-3721	82	44	31,948	31,948	NUM
fsr-3721	82	45	36,959	36,959	NUM
fsr-3721	82	46	42,754	42,754	NUM
fsr-3721	82	47	49,459	49,459	NUM
fsr-3721	82	48	x=5	x=5	PUNCT
fsr-3721	82	49	x=6	x=6	PUNCT
fsr-3721	83	1	16.323	16.323	NUM
fsr-3721	83	2	16.929	16.929	NUM
fsr-3721	83	3	18;341	18;341	NUM
fsr-3721	83	4	18;656	18;656	NUM
fsr-3721	83	5	20,608	20,608	NUM
fsr-3721	83	6	20,558	20,558	NUM
fsr-3721	83	7	23,155	23,155	NUM
fsr-3721	83	8	22,655	22,655	NUM
fsr-3721	83	9	26,017	26,017	NUM
fsr-3721	83	10	24,966	24,966	NUM
fsr-3721	83	11	29,233	29,233	NUM
fsr-3721	83	12	27,512	27,512	NUM
fsr-3721	83	13	32,846	32,846	NUM
fsr-3721	83	14	30,318	30,318	NUM
fsr-3721	83	15	36,905	36,905	NUM
fsr-3721	83	16	33,410	33,410	NUM
fsr-3721	83	17	41,467	41,467	NUM
fsr-3721	83	18	36,817	36,817	NUM
fsr-3721	83	19	x=20	x=20	PROPN
fsr-3721	83	20	19,073	19,073	NUM
fsr-3721	83	21	19,637	19,637	NUM
fsr-3721	83	22	20,217	20,217	NUM
fsr-3721	83	23	20,815	20,815	NUM
fsr-3721	83	24	21,431	21,431	NUM
fsr-3721	83	25	22,064	22,064	NUM
fsr-3721	83	26	22,716	22,716	NUM
fsr-3721	83	27	23,388	23,388	NUM
fsr-3721	83	28	24,079	24,079	NUM
fsr-3721	83	29	50	50	NUM
fsr-3721	83	30	financial	financial	ADJ
fsr-3721	83	31	services	service	NOUN
fsr-3721	83	32	review	review	NOUN
fsr-3721	83	33	,	,	PUNCT
fsr-3721	83	34	3(l	3(l	NUM
fsr-3721	83	35	)	)	PUNCT
fsr-3721	83	36	1993	1993	NUM
fsr-3721	83	37	table	table	NOUN
fsr-3721	83	38	2	2	NUM
fsr-3721	83	39	.	.	PUNCT
fsr-3721	84	1	hypothetical	hypothetical	ADJ
fsr-3721	84	2	example	example	NOUN
fsr-3721	84	3	of	of	ADP
fsr-3721	84	4	relative	relative	ADJ
fsr-3721	84	5	risk	risk	NOUN
fsr-3721	84	6	aversion	aversion	NOUN
fsr-3721	84	7	relative	relative	ADJ
fsr-3721	84	8	risk	risk	NOUN
fsr-3721	84	9	aversion	aversion	NOUN
fsr-3721	84	10	lowest	low	ADJ
fsr-3721	84	11	value	value	NOUN
fsr-3721	84	12	of1	of1	NOUN
fsr-3721	84	13	0	0	NUM
fsr-3721	84	14	0	0	NUM
fsr-3721	84	15	1	1	NUM
fsr-3721	84	16	25,ooo	25,ooo	NUM
fsr-3721	84	17	2	2	NUM
fsr-3721	84	18	33,333	33,333	NUM
fsr-3721	84	19	3	3	NUM
fsr-3721	84	20	37,796	37,796	NUM
fsr-3721	84	21	4	4	NUM
fsr-3721	84	22	40,548	40,548	NUM
fsr-3721	84	23	6	6	NUM
fsr-3721	84	24	43,665	43,665	NUM
fsr-3721	84	25	10	10	NUM
fsr-3721	84	26	46,299	46,299	NUM
fsr-3721	84	27	20	20	NUM
fsr-3721	84	28	48,209	48,209	NUM
fsr-3721	84	29	u(w)=fy	u(w)=fy	NOUN
fsr-3721	84	30	eu(w	eu(w	PUNCT
fsr-3721	84	31	)	)	PUNCT
fsr-3721	84	32	=	=	SYM
fsr-3721	84	33	c	c	NOUN
fsr-3721	84	34	pju(wj	pju(wj	NOUN
fsr-3721	84	35	)	)	PUNCT
fsr-3721	84	36	(	(	PUNCT
fsr-3721	84	37	6	6	NUM
fsr-3721	84	38	)	)	PUNCT
fsr-3721	84	39	(	(	PUNCT
fsr-3721	84	40	7	7	X
fsr-3721	84	41	)	)	PUNCT
fsr-3721	85	1	where	where	SCONJ
fsr-3721	85	2	x	x	SYM
fsr-3721	85	3	=	=	PUNCT
fsr-3721	85	4	relative	relative	ADJ
fsr-3721	85	5	risk	risk	NOUN
fsr-3721	85	6	aversion	aversion	NOUN
fsr-3721	85	7	level	level	NOUN
fsr-3721	85	8	w	w	NOUN
fsr-3721	86	1	=	=	PUNCT
fsr-3721	87	1	total	total	ADJ
fsr-3721	87	2	wealth	wealth	NOUN
fsr-3721	87	3	a	a	DET
fsr-3721	87	4	modified	modify	VERB
fsr-3721	87	5	version	version	NOUN
fsr-3721	87	6	of	of	ADP
fsr-3721	87	7	kimball	kimball	PROPN
fsr-3721	87	8	’s	’s	PART
fsr-3721	87	9	(	(	PUNCT
fsr-3721	87	10	1988	1988	NUM
fsr-3721	87	11	)	)	PUNCT
fsr-3721	87	12	example	example	NOUN
fsr-3721	87	13	developed	develop	VERB
fsr-3721	87	14	by	by	ADP
fsr-3721	87	15	hanna	hanna	PROPN
fsr-3721	87	16	(	(	PUNCT
fsr-3721	87	17	1988	1988	NUM
fsr-3721	87	18	)	)	PUNCT
fsr-3721	87	19	,	,	PUNCT
fsr-3721	87	20	could	could	AUX
fsr-3721	87	21	explain	explain	VERB
fsr-3721	87	22	the	the	DET
fsr-3721	87	23	concept	concept	NOUN
fsr-3721	87	24	of	of	ADP
fsr-3721	87	25	relative	relative	ADJ
fsr-3721	87	26	risk	risk	NOUN
fsr-3721	87	27	aversion	aversion	NOUN
fsr-3721	87	28	in	in	ADP
fsr-3721	87	29	the	the	DET
fsr-3721	87	30	context	context	NOUN
fsr-3721	87	31	used	use	VERB
fsr-3721	87	32	.	.	PUNCT
fsr-3721	88	1	assume	assume	VERB
fsr-3721	88	2	that	that	SCONJ
fsr-3721	88	3	you	you	PRON
fsr-3721	88	4	have	have	VERB
fsr-3721	88	5	one	one	NUM
fsr-3721	88	6	year	year	NOUN
fsr-3721	88	7	to	to	PART
fsr-3721	88	8	live	live	VERB
fsr-3721	88	9	,	,	PUNCT
fsr-3721	88	10	and	and	CCONJ
fsr-3721	88	11	may	may	AUX
fsr-3721	88	12	choose	choose	VERB
fsr-3721	88	13	an	an	DET
fsr-3721	88	14	investment	investment	NOUN
fsr-3721	88	15	to	to	PART
fsr-3721	88	16	provide	provide	VERB
fsr-3721	88	17	you	you	PRON
fsr-3721	88	18	with	with	ADP
fsr-3721	88	19	your	your	PRON
fsr-3721	88	20	consumption	consumption	NOUN
fsr-3721	88	21	for	for	ADP
fsr-3721	88	22	the	the	DET
fsr-3721	88	23	next	next	ADJ
fsr-3721	88	24	year	year	NOUN
fsr-3721	88	25	.	.	PUNCT
fsr-3721	89	1	once	once	SCONJ
fsr-3721	89	2	you	you	PRON
fsr-3721	89	3	choose	choose	VERB
fsr-3721	89	4	,	,	PUNCT
fsr-3721	89	5	it	it	PRON
fsr-3721	89	6	will	will	AUX
fsr-3721	89	7	be	be	AUX
fsr-3721	89	8	impossible	impossible	ADJ
fsr-3721	89	9	for	for	SCONJ
fsr-3721	89	10	you	you	PRON
fsr-3721	89	11	to	to	PART
fsr-3721	89	12	obtain	obtain	VERB
fsr-3721	89	13	income	income	NOUN
fsr-3721	89	14	from	from	ADP
fsr-3721	89	15	any	any	DET
fsr-3721	89	16	other	other	ADJ
fsr-3721	89	17	source	source	NOUN
fsr-3721	89	18	.	.	PUNCT
fsr-3721	90	1	you	you	PRON
fsr-3721	90	2	have	have	VERB
fsr-3721	90	3	no	no	DET
fsr-3721	90	4	assets	asset	NOUN
fsr-3721	90	5	of	of	ADP
fsr-3721	90	6	any	any	DET
fsr-3721	90	7	kind	kind	NOUN
fsr-3721	90	8	.	.	PUNCT
fsr-3721	91	1	you	you	PRON
fsr-3721	91	2	may	may	AUX
fsr-3721	91	3	choose	choose	VERB
fsr-3721	91	4	one	one	NUM
fsr-3721	91	5	of	of	ADP
fsr-3721	91	6	two	two	NUM
fsr-3721	91	7	plans	plan	NOUN
fsr-3721	91	8	:	:	PUNCT
fsr-3721	91	9	a	a	PRON
fsr-3721	91	10	or	or	CCONJ
fsr-3721	91	11	3	3	NUM
fsr-3721	91	12	.	.	X
fsr-3721	91	13	plan	plan	VERB
fsr-3721	91	14	a	a	DET
fsr-3721	91	15	pays	pay	VERB
fsr-3721	91	16	you	you	PRON
fsr-3721	91	17	a	a	DET
fsr-3721	91	18	tax	tax	NOUN
fsr-3721	91	19	free	free	ADJ
fsr-3721	91	20	real	real	ADJ
fsr-3721	91	21	income	income	NOUN
fsr-3721	91	22	of	of	ADP
fsr-3721	91	23	$	$	SYM
fsr-3721	91	24	50,000	50,000	NUM
fsr-3721	91	25	per	per	ADP
fsr-3721	91	26	year	year	NOUN
fsr-3721	91	27	,	,	PUNCT
fsr-3721	91	28	while	while	SCONJ
fsr-3721	91	29	plan	plan	NOUN
fsr-3721	91	30	b	b	NOUN
fsr-3721	91	31	involves	involve	VERB
fsr-3721	91	32	a	a	DET
fsr-3721	91	33	gamble	gamble	NOUN
fsr-3721	91	34	.	.	PUNCT
fsr-3721	92	1	if	if	SCONJ
fsr-3721	92	2	you	you	PRON
fsr-3721	92	3	choose	choose	VERB
fsr-3721	92	4	plan	plan	PROPN
fsr-3721	92	5	b	b	NOUN
fsr-3721	92	6	,	,	PUNCT
fsr-3721	92	7	the	the	DET
fsr-3721	92	8	government	government	NOUN
fsr-3721	92	9	in	in	ADP
fsr-3721	92	10	effect	effect	NOUN
fsr-3721	92	11	flips	flip	VERB
fsr-3721	92	12	a	a	DET
fsr-3721	92	13	coin	coin	NOUN
fsr-3721	92	14	,	,	PUNCT
fsr-3721	92	15	and	and	CCONJ
fsr-3721	92	16	there	there	PRON
fsr-3721	92	17	is	be	VERB
fsr-3721	92	18	a	a	DET
fsr-3721	92	19	50	50	NUM
fsr-3721	92	20	%	%	NOUN
fsr-3721	92	21	chance	chance	NOUN
fsr-3721	92	22	of	of	ADP
fsr-3721	92	23	having	have	VERB
fsr-3721	92	24	a	a	DET
fsr-3721	92	25	real	real	ADJ
fsr-3721	92	26	income	income	NOUN
fsr-3721	92	27	of	of	ADP
fsr-3721	92	28	$	$	SYM
fsr-3721	92	29	100,000	100,000	NUM
fsr-3721	92	30	tax	tax	NOUN
fsr-3721	92	31	-	-	PUNCT
fsr-3721	92	32	free	free	ADJ
fsr-3721	92	33	,	,	PUNCT
fsr-3721	92	34	and	and	CCONJ
fsr-3721	92	35	a	a	DET
fsr-3721	92	36	50	50	NUM
fsr-3721	92	37	%	%	NOUN
fsr-3721	92	38	chance	chance	NOUN
fsr-3721	92	39	of	of	ADP
fsr-3721	92	40	some	some	DET
fsr-3721	92	41	lower	low	ADJ
fsr-3721	92	42	income	income	NOUN
fsr-3721	92	43	i.	i.	NOUN
fsr-3721	92	44	at	at	ADP
fsr-3721	92	45	what	what	DET
fsr-3721	92	46	level	level	NOUN
fsr-3721	92	47	of	of	ADP
fsr-3721	92	48	i	i	PRON
fsr-3721	92	49	would	would	AUX
fsr-3721	92	50	you	you	PRON
fsr-3721	92	51	be	be	AUX
fsr-3721	92	52	indifferent	indifferent	ADJ
fsr-3721	92	53	between	between	ADP
fsr-3721	92	54	plan	plan	NOUN
fsr-3721	92	55	b	b	PROPN
fsr-3721	92	56	and	and	CCONJ
fsr-3721	92	57	plan	plan	VERB
fsr-3721	92	58	a.	a.	NOUN
fsr-3721	92	59	table	table	NOUN
fsr-3721	92	60	2	2	NUM
fsr-3721	92	61	shows	show	VERB
fsr-3721	92	62	how	how	SCONJ
fsr-3721	92	63	your	your	PRON
fsr-3721	92	64	answer	answer	NOUN
fsr-3721	92	65	corresponds	correspond	VERB
fsr-3721	92	66	to	to	ADP
fsr-3721	92	67	your	your	PRON
fsr-3721	92	68	level	level	NOUN
fsr-3721	92	69	of	of	ADP
fsr-3721	92	70	relative	relative	ADJ
fsr-3721	92	71	risk	risk	NOUN
fsr-3721	92	72	aversion	aversion	NOUN
fsr-3721	92	73	.	.	PUNCT
fsr-3721	93	1	in	in	ADP
fsr-3721	93	2	the	the	DET
fsr-3721	93	3	context	context	NOUN
fsr-3721	93	4	of	of	ADP
fsr-3721	93	5	the	the	DET
fsr-3721	93	6	expected	expect	VERB
fsr-3721	93	7	utility	utility	NOUN
fsr-3721	93	8	model	model	NOUN
fsr-3721	93	9	,	,	PUNCT
fsr-3721	93	10	relative	relative	ADJ
fsr-3721	93	11	risk	risk	NOUN
fsr-3721	93	12	aversion	aversion	NOUN
fsr-3721	93	13	relates	relate	VERB
fsr-3721	93	14	to	to	ADP
fsr-3721	93	15	the	the	DET
fsr-3721	93	16	extra	extra	ADJ
fsr-3721	93	17	utility	utility	NOUN
fsr-3721	93	18	of	of	ADP
fsr-3721	93	19	increased	increase	VERB
fsr-3721	93	20	consumption	consumption	NOUN
fsr-3721	93	21	if	if	SCONJ
fsr-3721	93	22	the	the	DET
fsr-3721	93	23	gamble	gamble	NOUN
fsr-3721	93	24	pays	pay	VERB
fsr-3721	93	25	off	off	ADP
fsr-3721	93	26	compared	compare	VERB
fsr-3721	93	27	to	to	ADP
fsr-3721	93	28	the	the	DET
fsr-3721	93	29	lost	lost	ADJ
fsr-3721	93	30	utility	utility	NOUN
fsr-3721	93	31	because	because	SCONJ
fsr-3721	93	32	of	of	ADP
fsr-3721	93	33	decreased	decrease	VERB
fsr-3721	93	34	utility	utility	NOUN
fsr-3721	93	35	if	if	SCONJ
fsr-3721	93	36	you	you	PRON
fsr-3721	93	37	lose	lose	VERB
fsr-3721	93	38	the	the	DET
fsr-3721	93	39	gamble	gamble	NOUN
fsr-3721	93	40	.	.	PUNCT
fsr-3721	94	1	for	for	ADP
fsr-3721	94	2	instance	instance	NOUN
fsr-3721	94	3	,	,	PUNCT
fsr-3721	94	4	if	if	SCONJ
fsr-3721	94	5	you	you	PRON
fsr-3721	94	6	have	have	VERB
fsr-3721	94	7	a	a	DET
fsr-3721	94	8	relative	relative	ADJ
fsr-3721	94	9	risk	risk	NOUN
fsr-3721	94	10	aversion	aversion	NOUN
fsr-3721	94	11	level	level	NOUN
fsr-3721	94	12	of	of	ADP
fsr-3721	94	13	four	four	NUM
fsr-3721	94	14	,	,	PUNCT
fsr-3721	94	15	you	you	PRON
fsr-3721	94	16	value	value	VERB
fsr-3721	94	17	the	the	DET
fsr-3721	94	18	gain	gain	NOUN
fsr-3721	94	19	of	of	ADP
fsr-3721	94	20	utility	utility	NOUN
fsr-3721	94	21	from	from	ADP
fsr-3721	94	22	increasing	increase	VERB
fsr-3721	94	23	your	your	PRON
fsr-3721	94	24	consumption	consumption	NOUN
fsr-3721	94	25	from	from	ADP
fsr-3721	94	26	$	$	SYM
fsr-3721	94	27	50,~	50,~	NUM
fsr-3721	94	28	to	to	ADP
fsr-3721	94	29	$	$	SYM
fsr-3721	94	30	l~,~	l~,~	X
fsr-3721	94	31	the	the	DET
fsr-3721	94	32	same	same	ADJ
fsr-3721	94	33	as	as	ADP
fsr-3721	94	34	the	the	DET
fsr-3721	94	35	loss	loss	NOUN
fsr-3721	94	36	of	of	ADP
fsr-3721	94	37	utility	utility	NOUN
fsr-3721	94	38	from	from	ADP
fsr-3721	94	39	decreasing	decrease	VERB
fsr-3721	94	40	your	your	PRON
fsr-3721	94	41	income	income	NOUN
fsr-3721	94	42	from	from	ADP
fsr-3721	94	43	$	$	SYM
fsr-3721	94	44	50,000	50,000	NUM
fsr-3721	94	45	to	to	PART
fsr-3721	94	46	$	$	SYM
fsr-3721	94	47	40,548	40,548	NUM
fsr-3721	94	48	(	(	PUNCT
fsr-3721	94	49	hamra	hamra	NOUN
fsr-3721	94	50	,	,	PUNCT
fsr-3721	94	51	1988	1988	NUM
fsr-3721	94	52	)	)	PUNCT
fsr-3721	94	53	.	.	PUNCT
fsr-3721	95	1	intuitively	intuitively	ADV
fsr-3721	95	2	,	,	PUNCT
fsr-3721	95	3	a	a	DET
fsr-3721	95	4	level	level	NOUN
fsr-3721	95	5	of	of	ADP
fsr-3721	95	6	at	at	ADV
fsr-3721	95	7	least	least	ADJ
fsr-3721	95	8	four	four	NUM
fsr-3721	95	9	would	would	AUX
fsr-3721	95	10	seem	seem	VERB
fsr-3721	95	11	reasonable	reasonable	ADJ
fsr-3721	95	12	for	for	ADP
fsr-3721	95	13	most	most	ADJ
fsr-3721	95	14	people	people	NOUN
fsr-3721	95	15	.	.	PUNCT
fsr-3721	96	1	by	by	ADP
fsr-3721	96	2	combining	combine	VERB
fsr-3721	96	3	inter	inter	ADJ
fsr-3721	96	4	-	-	ADJ
fsr-3721	96	5	temporal	temporal	ADJ
fsr-3721	96	6	consumption	consumption	NOUN
fsr-3721	96	7	analysis	analysis	NOUN
fsr-3721	96	8	with	with	ADP
fsr-3721	96	9	risk	risk	NOUN
fsr-3721	96	10	aversion	aversion	NOUN
fsr-3721	96	11	,	,	PUNCT
fsr-3721	96	12	we	we	PRON
fsr-3721	96	13	can	can	AUX
fsr-3721	96	14	obtain	obtain	VERB
fsr-3721	96	15	the	the	DET
fsr-3721	96	16	optimal	optimal	ADJ
fsr-3721	96	17	amount	amount	NOUN
fsr-3721	96	18	of	of	ADP
fsr-3721	96	19	saving	save	VERB
fsr-3721	96	20	in	in	ADP
fsr-3721	96	21	terms	term	NOUN
fsr-3721	96	22	of	of	ADP
fsr-3721	96	23	year	year	NOUN
fsr-3721	96	24	1	1	NUM
fsr-3721	96	25	income	income	NOUN
fsr-3721	96	26	,	,	PUNCT
fsr-3721	96	27	interest	interest	NOUN
fsr-3721	96	28	rate	rate	NOUN
fsr-3721	96	29	,	,	PUNCT
fsr-3721	96	30	income	income	NOUN
fsr-3721	96	31	growth	growth	NOUN
fsr-3721	96	32	rate	rate	NOUN
fsr-3721	96	33	,	,	PUNCT
fsr-3721	96	34	and	and	CCONJ
fsr-3721	96	35	probability	probability	NOUN
fsr-3721	96	36	of	of	ADP
fsr-3721	96	37	that	that	DET
fsr-3721	96	38	income	income	NOUN
fsr-3721	96	39	increases	increase	NOUN
fsr-3721	96	40	.	.	PUNCT
fsr-3721	97	1	to	to	PART
fsr-3721	97	2	give	give	VERB
fsr-3721	97	3	some	some	DET
fsr-3721	97	4	intuitive	intuitive	ADJ
fsr-3721	97	5	insight	insight	NOUN
fsr-3721	97	6	into	into	ADP
fsr-3721	97	7	optimal	optimal	ADJ
fsr-3721	97	8	credit	credit	NOUN
fsr-3721	97	9	a	a	DET
fsr-3721	97	10	model	model	NOUN
fsr-3721	97	11	with	with	ADP
fsr-3721	97	12	perfect	perfect	ADJ
fsr-3721	97	13	certainty	certainty	NOUN
fsr-3721	97	14	will	will	AUX
fsr-3721	97	15	be	be	AUX
fsr-3721	97	16	examined	examine	VERB
fsr-3721	97	17	first	first	ADV
fsr-3721	97	18	.	.	PUNCT
fsr-3721	98	1	real	real	ADJ
fsr-3721	98	2	income	income	NOUN
fsr-3721	98	3	growth	growth	NOUN
fsr-3721	98	4	and	and	CCONJ
fsr-3721	98	5	optimal	optimal	ADJ
fsr-3721	98	6	credit	credit	NOUN
fsr-3721	98	7	use	use	NOUN
fsr-3721	98	8	51	51	NUM
fsr-3721	98	9	iv	iv	NOUN
fsr-3721	98	10	.	.	PUNCT
fsr-3721	99	1	optimal	optimal	ADJ
fsr-3721	99	2	creditwhi	creditwhi	NOUN
fsr-3721	99	3	-	-	PUNCT
fsr-3721	99	4	iperfzctcertainty	iperfzctcertainty	NOUN
fsr-3721	99	5	if	if	SCONJ
fsr-3721	99	6	a	a	DET
fsr-3721	99	7	consumer	consumer	NOUN
fsr-3721	99	8	is	be	AUX
fsr-3721	99	9	certain	certain	ADJ
fsr-3721	99	10	that	that	SCONJ
fsr-3721	99	11	real	real	ADJ
fsr-3721	99	12	income	income	NOUN
fsr-3721	99	13	will	will	AUX
fsr-3721	99	14	increase	increase	VERB
fsr-3721	99	15	with	with	ADP
fsr-3721	99	16	a	a	DET
fsr-3721	99	17	growth	growth	NOUN
fsr-3721	99	18	rate	rate	NOUN
fsr-3721	99	19	g	g	NOUN
fsr-3721	99	20	,	,	PUNCT
fsr-3721	99	21	and	and	CCONJ
fsr-3721	99	22	the	the	DET
fsr-3721	99	23	consumer	consumer	NOUN
fsr-3721	99	24	faces	face	VERB
fsr-3721	99	25	a	a	DET
fsr-3721	99	26	real	real	ADJ
fsr-3721	99	27	interest	interest	NOUN
fsr-3721	99	28	rate	rate	NOUN
fsr-3721	99	29	r	r	NOUN
fsr-3721	99	30	,	,	PUNCT
fsr-3721	99	31	we	we	PRON
fsr-3721	99	32	can	can	AUX
fsr-3721	99	33	derive	derive	VERB
fsr-3721	99	34	by	by	ADP
fsr-3721	99	35	calculus	calculus	NOUN
fsr-3721	99	36	the	the	DET
fsr-3721	99	37	optimal	optimal	ADJ
fsr-3721	99	38	pattern	pattern	NOUN
fsr-3721	99	39	of	of	ADP
fsr-3721	99	40	consumption	consumption	NOUN
fsr-3721	99	41	(	(	PUNCT
fsr-3721	99	42	expressed	express	VERB
fsr-3721	99	43	as	as	ADP
fsr-3721	99	44	the	the	DET
fsr-3721	99	45	growth	growth	NOUN
fsr-3721	99	46	rate	rate	NOUN
fsr-3721	99	47	of	of	ADP
fsr-3721	99	48	real	real	ADJ
fsr-3721	99	49	consumption	consumption	NOUN
fsr-3721	99	50	)	)	PUNCT
fsr-3721	99	51	,	,	PUNCT
fsr-3721	99	52	as	as	SCONJ
fsr-3721	99	53	shown	show	VERB
fsr-3721	99	54	in	in	ADP
fsr-3721	99	55	equation	equation	NOUN
fsr-3721	99	56	(	(	PUNCT
fsr-3721	99	57	8)	8)	NUM
fsr-3721	99	58	.	.	PUNCT
fsr-3721	100	1	for	for	ADP
fsr-3721	100	2	plausible	plausible	ADJ
fsr-3721	100	3	values	value	NOUN
fsr-3721	100	4	of	of	ADP
fsr-3721	100	5	the	the	DET
fsr-3721	100	6	real	real	ADJ
fsr-3721	100	7	interest	interest	NOUN
fsr-3721	100	8	rate	rate	NOUN
fsr-3721	100	9	r	r	NOUN
fsr-3721	100	10	,	,	PUNCT
fsr-3721	100	11	the	the	DET
fsr-3721	100	12	personal	personal	ADJ
fsr-3721	100	13	discount	discount	NOUN
fsr-3721	100	14	rate	rate	NOUN
fsr-3721	100	15	,	,	PUNCT
fsr-3721	100	16	p	p	NOUN
fsr-3721	100	17	,	,	PUNCT
fsr-3721	100	18	and	and	CCONJ
fsr-3721	100	19	relative	relative	ADJ
fsr-3721	100	20	risk	risk	NOUN
fsr-3721	100	21	aversion	aversion	NOUN
fsr-3721	100	22	x	x	PRON
fsr-3721	100	23	,	,	PUNCT
fsr-3721	100	24	the	the	DET
fsr-3721	100	25	optimal	optimal	ADJ
fsr-3721	100	26	growth	growth	NOUN
fsr-3721	100	27	rate	rate	NOUN
fsr-3721	100	28	in	in	ADP
fsr-3721	100	29	consumption	consumption	NOUN
fsr-3721	100	30	approximately	approximately	ADV
fsr-3721	100	31	equals	equal	VERB
fsr-3721	100	32	the	the	DET
fsr-3721	100	33	interest	interest	NOUN
fsr-3721	100	34	rate	rate	NOUN
fsr-3721	100	35	minus	minus	ADP
fsr-3721	100	36	the	the	DET
fsr-3721	100	37	personal	personal	ADJ
fsr-3721	100	38	discount	discount	NOUN
fsr-3721	100	39	rate	rate	NOUN
fsr-3721	100	40	,	,	PUNCT
fsr-3721	100	41	divided	divide	VERB
fsr-3721	100	42	by	by	ADP
fsr-3721	100	43	relative	relative	ADJ
fsr-3721	100	44	risk	risk	NOUN
fsr-3721	100	45	aversion	aversion	NOUN
fsr-3721	100	46	.	.	PUNCT
fsr-3721	101	1	note	note	VERB
fsr-3721	101	2	that	that	SCONJ
fsr-3721	101	3	the	the	DET
fsr-3721	101	4	optimal	optimal	ADJ
fsr-3721	101	5	growth	growth	NOUN
fsr-3721	101	6	rate	rate	NOUN
fsr-3721	101	7	in	in	ADP
fsr-3721	101	8	real	real	ADJ
fsr-3721	101	9	consumption	consumption	NOUN
fsr-3721	101	10	does	do	AUX
fsr-3721	101	11	not	not	PART
fsr-3721	101	12	depend	depend	VERB
fsr-3721	101	13	upon	upon	SCONJ
fsr-3721	101	14	income	income	NOUN
fsr-3721	101	15	patterns	pattern	NOUN
fsr-3721	101	16	,	,	PUNCT
fsr-3721	101	17	although	although	SCONJ
fsr-3721	101	18	income	income	NOUN
fsr-3721	101	19	patterns	pattern	NOUN
fsr-3721	101	20	over	over	ADP
fsr-3721	101	21	time	time	NOUN
fsr-3721	101	22	may	may	AUX
fsr-3721	101	23	influence	influence	VERB
fsr-3721	101	24	the	the	DET
fsr-3721	101	25	interest	interest	NOUN
fsr-3721	101	26	rate	rate	NOUN
fsr-3721	101	27	faced	face	VERB
fsr-3721	101	28	by	by	ADP
fsr-3721	101	29	a	a	DET
fsr-3721	101	30	household	household	NOUN
fsr-3721	101	31	,	,	PUNCT
fsr-3721	101	32	and	and	CCONJ
fsr-3721	101	33	also	also	ADV
fsr-3721	101	34	the	the	DET
fsr-3721	101	35	feasibility	feasibility	NOUN
fsr-3721	101	36	of	of	ADP
fsr-3721	101	37	particular	particular	ADJ
fsr-3721	101	38	consump	consump	NOUN
fsr-3721	101	39	tion	tion	NOUN
fsr-3721	101	40	patterns	pattern	NOUN
fsr-3721	101	41	.	.	PUNCT
fsr-3721	102	1	based	base	VERB
fsr-3721	102	2	on	on	ADP
fsr-3721	102	3	a	a	DET
fsr-3721	102	4	regression	regression	NOUN
fsr-3721	102	5	of	of	ADP
fsr-3721	102	6	u.s	u.s	PROPN
fsr-3721	102	7	.	.	PROPN
fsr-3721	102	8	household	household	NOUN
fsr-3721	102	9	expenditures	expenditure	NOUN
fsr-3721	102	10	on	on	ADP
fsr-3721	102	11	age	age	NOUN
fsr-3721	102	12	and	and	CCONJ
fsr-3721	102	13	age	age	NOUN
fsr-3721	102	14	squared	squared	AUX
fsr-3721	102	15	,	,	PUNCT
fsr-3721	102	16	it	it	PRON
fsr-3721	102	17	can	can	AUX
fsr-3721	102	18	be	be	AUX
fsr-3721	102	19	estimated	estimate	VERB
fsr-3721	102	20	that	that	SCONJ
fsr-3721	102	21	real	real	ADJ
fsr-3721	102	22	expenditures	expenditure	NOUN
fsr-3721	102	23	of	of	ADP
fsr-3721	102	24	households	household	NOUN
fsr-3721	102	25	tend	tend	VERB
fsr-3721	102	26	to	to	PART
fsr-3721	102	27	increase	increase	VERB
fsr-3721	102	28	with	with	ADP
fsr-3721	102	29	age	age	NOUN
fsr-3721	102	30	until	until	ADP
fsr-3721	102	31	age	age	NOUN
fsr-3721	102	32	49	49	NUM
fsr-3721	102	33	(	(	PUNCT
fsr-3721	102	34	bae	bae	NOUN
fsr-3721	102	35	,	,	PUNCT
fsr-3721	102	36	1993	1993	NUM
fsr-3721	102	37	,	,	PUNCT
fsr-3721	102	38	p.	p.	NOUN
fsr-3721	102	39	137	137	NUM
fsr-3721	102	40	)	)	PUNCT
fsr-3721	102	41	.	.	PUNCT
fsr-3721	103	1	consumption	consumption	NOUN
fsr-3721	103	2	levels	level	NOUN
fsr-3721	103	3	of	of	ADP
fsr-3721	103	4	individual	individual	ADJ
fsr-3721	103	5	households	household	NOUN
fsr-3721	103	6	tend	tend	VERB
fsr-3721	103	7	to	to	PART
fsr-3721	103	8	be	be	AUX
fsr-3721	103	9	relatively	relatively	ADV
fsr-3721	103	10	stable	stable	ADJ
fsr-3721	103	11	over	over	ADP
fsr-3721	103	12	a	a	DET
fsr-3721	103	13	lifetime	lifetime	NOUN
fsr-3721	103	14	,	,	PUNCT
fsr-3721	103	15	although	although	SCONJ
fsr-3721	103	16	there	there	PRON
fsr-3721	103	17	are	be	VERB
fsr-3721	103	18	several	several	ADJ
fsr-3721	103	19	plausible	plausible	ADJ
fsr-3721	103	20	theoretical	theoretical	ADJ
fsr-3721	103	21	explanations	explanation	NOUN
fsr-3721	103	22	for	for	ADP
fsr-3721	103	23	this	this	DET
fsr-3721	103	24	stable	stable	ADJ
fsr-3721	103	25	pattern	pattern	NOUN
fsr-3721	103	26	(	(	PUNCT
fsr-3721	103	27	yunker	yunker	NOUN
fsr-3721	103	28	,	,	PUNCT
fsr-3721	103	29	1992	1992	NUM
fsr-3721	103	30	)	)	PUNCT
fsr-3721	103	31	.	.	PUNCT
fsr-3721	104	1	households	household	NOUN
fsr-3721	104	2	with	with	ADP
fsr-3721	104	3	substantial	substantial	ADJ
fsr-3721	104	4	amounts	amount	NOUN
fsr-3721	104	5	of	of	ADP
fsr-3721	104	6	financial	financial	ADJ
fsr-3721	104	7	assets	asset	NOUN
fsr-3721	104	8	face	face	VERB
fsr-3721	104	9	real	real	ADJ
fsr-3721	104	10	,	,	PUNCT
fsr-3721	104	11	after	after	ADP
fsr-3721	104	12	tax	tax	NOUN
fsr-3721	104	13	interest	interest	NOUN
fsr-3721	104	14	rates	rate	NOUN
fsr-3721	104	15	of	of	ADP
fsr-3721	104	16	0	0	NUM
fsr-3721	104	17	%	%	NOUN
fsr-3721	104	18	to	to	PART
fsr-3721	104	19	6	6	NUM
fsr-3721	104	20	%	%	NOUN
fsr-3721	104	21	on	on	ADP
fsr-3721	104	22	safe	safe	ADJ
fsr-3721	104	23	,	,	PUNCT
fsr-3721	104	24	liquid	liquid	ADJ
fsr-3721	104	25	assets	asset	NOUN
fsr-3721	104	26	.	.	PUNCT
fsr-3721	105	1	households	household	NOUN
fsr-3721	105	2	who	who	PRON
fsr-3721	105	3	would	would	AUX
fsr-3721	105	4	have	have	VERB
fsr-3721	105	5	to	to	PART
fsr-3721	105	6	borrow	borrow	VERB
fsr-3721	105	7	might	might	AUX
fsr-3721	105	8	face	face	VERB
fsr-3721	105	9	real	real	ADJ
fsr-3721	105	10	interest	interest	NOUN
fsr-3721	105	11	rates	rate	NOUN
fsr-3721	105	12	between	between	ADP
fsr-3721	105	13	3	3	NUM
fsr-3721	105	14	%	%	NOUN
fsr-3721	105	15	(	(	PUNCT
fsr-3721	105	16	home	home	NOUN
fsr-3721	105	17	equity	equity	NOUN
fsr-3721	105	18	loan	loan	NOUN
fsr-3721	105	19	)	)	PUNCT
fsr-3721	105	20	and	and	CCONJ
fsr-3721	105	21	20	20	NUM
fsr-3721	105	22	%	%	NOUN
fsr-3721	105	23	(	(	PUNCT
fsr-3721	105	24	finance	finance	NOUN
fsr-3721	105	25	company	company	NOUN
fsr-3721	105	26	.	.	PUNCT
fsr-3721	105	27	)	)	PUNCT
fsr-3721	106	1	the	the	DET
fsr-3721	106	2	fact	fact	NOUN
fsr-3721	106	3	that	that	SCONJ
fsr-3721	106	4	the	the	DET
fsr-3721	106	5	elderly	elderly	ADJ
fsr-3721	106	6	are	be	AUX
fsr-3721	106	7	most	most	ADV
fsr-3721	106	8	likely	likely	ADJ
fsr-3721	106	9	of	of	ADP
fsr-3721	106	10	any	any	DET
fsr-3721	106	11	age	age	NOUN
fsr-3721	106	12	group	group	NOUN
fsr-3721	106	13	to	to	PART
fsr-3721	106	14	have	have	VERB
fsr-3721	106	15	declining	decline	VERB
fsr-3721	106	16	levels	level	NOUN
fsr-3721	106	17	of	of	ADP
fsr-3721	106	18	real	real	ADJ
fsr-3721	106	19	consumption	consumption	NOUN
fsr-3721	106	20	implies	imply	VERB
fsr-3721	106	21	(	(	PUNCT
fsr-3721	106	22	at	at	ADP
fsr-3721	106	23	least	least	ADJ
fsr-3721	106	24	within	within	ADP
fsr-3721	106	25	the	the	DET
fsr-3721	106	26	life	life	NOUN
fsr-3721	106	27	cycle	cycle	NOUN
fsr-3721	106	28	framework	framework	NOUN
fsr-3721	106	29	)	)	PUNCT
fsr-3721	106	30	that	that	SCONJ
fsr-3721	106	31	the	the	DET
fsr-3721	106	32	personal	personal	ADJ
fsr-3721	106	33	discount	discount	NOUN
fsr-3721	106	34	rate	rate	NOUN
fsr-3721	106	35	depends	depend	VERB
fsr-3721	106	36	on	on	ADP
fsr-3721	106	37	the	the	DET
fsr-3721	106	38	risk	risk	NOUN
fsr-3721	106	39	of	of	ADP
fsr-3721	106	40	death	death	NOUN
fsr-3721	106	41	.	.	PUNCT
fsr-3721	107	1	there	there	PRON
fsr-3721	107	2	does	do	AUX
fsr-3721	107	3	not	not	PART
fsr-3721	107	4	seem	seem	VERB
fsr-3721	107	5	to	to	PART
fsr-3721	107	6	be	be	AUX
fsr-3721	107	7	strong	strong	ADJ
fsr-3721	107	8	evidence	evidence	NOUN
fsr-3721	107	9	of	of	ADP
fsr-3721	107	10	extra	extra	ADJ
fsr-3721	107	11	“	"	PUNCT
fsr-3721	107	12	impatience	impatience	NOUN
fsr-3721	107	13	”	"	PUNCT
fsr-3721	107	14	by	by	ADP
fsr-3721	107	15	young	young	ADJ
fsr-3721	107	16	consumers	consumer	NOUN
fsr-3721	107	17	.	.	PUNCT
fsr-3721	108	1	if	if	SCONJ
fsr-3721	108	2	the	the	DET
fsr-3721	108	3	personal	personal	ADJ
fsr-3721	108	4	discount	discount	NOUN
fsr-3721	108	5	rate	rate	NOUN
fsr-3721	108	6	is	be	AUX
fsr-3721	108	7	related	relate	VERB
fsr-3721	108	8	to	to	ADP
fsr-3721	108	9	the	the	DET
fsr-3721	108	10	risk	risk	NOUN
fsr-3721	108	11	of	of	ADP
fsr-3721	108	12	death	death	NOUN
fsr-3721	108	13	,	,	PUNCT
fsr-3721	108	14	it	it	PRON
fsr-3721	108	15	is	be	AUX
fsr-3721	108	16	unlikely	unlikely	ADJ
fsr-3721	108	17	to	to	PART
fsr-3721	108	18	be	be	AUX
fsr-3721	108	19	an	an	DET
fsr-3721	108	20	important	important	ADJ
fsr-3721	108	21	factor	factor	NOUN
fsr-3721	108	22	in	in	ADP
fsr-3721	108	23	credit	credit	NOUN
fsr-3721	108	24	decisions	decision	NOUN
fsr-3721	108	25	.	.	PUNCT
fsr-3721	109	1	it	it	PRON
fsr-3721	109	2	will	will	AUX
fsr-3721	109	3	be	be	AUX
fsr-3721	109	4	shown	show	VERB
fsr-3721	109	5	below	below	ADP
fsr-3721	109	6	that	that	DET
fsr-3721	109	7	credit	credit	NOUN
fsr-3721	109	8	use	use	NOUN
fsr-3721	109	9	can	can	AUX
fsr-3721	109	10	be	be	AUX
fsr-3721	109	11	explained	explain	VERB
fsr-3721	109	12	by	by	ADP
fsr-3721	109	13	an	an	DET
fsr-3721	109	14	observable	observable	ADJ
fsr-3721	109	15	factor	factor	NOUN
fsr-3721	109	16	,	,	PUNCT
fsr-3721	109	17	growth	growth	NOUN
fsr-3721	109	18	rates	rate	NOUN
fsr-3721	109	19	of	of	ADP
fsr-3721	109	20	real	real	ADJ
fsr-3721	109	21	income	income	NOUN
fsr-3721	109	22	,	,	PUNCT
fsr-3721	109	23	so	so	SCONJ
fsr-3721	109	24	there	there	PRON
fsr-3721	109	25	are	be	VERB
fsr-3721	109	26	advantages	advantage	NOUN
fsr-3721	109	27	to	to	ADP
fsr-3721	109	28	dispensing	dispense	VERB
fsr-3721	109	29	with	with	ADP
fsr-3721	109	30	the	the	DET
fsr-3721	109	31	unobservable	unobservable	ADJ
fsr-3721	109	32	factor	factor	NOUN
fsr-3721	109	33	of	of	ADP
fsr-3721	109	34	the	the	DET
fsr-3721	109	35	personal	personal	ADJ
fsr-3721	109	36	discount	discount	NOUN
fsr-3721	109	37	rate	rate	NOUN
fsr-3721	109	38	.	.	PUNCT
fsr-3721	110	1	in	in	ADP
fsr-3721	110	2	any	any	DET
fsr-3721	110	3	case	case	NOUN
fsr-3721	110	4	,	,	PUNCT
fsr-3721	110	5	as	as	SCONJ
fsr-3721	110	6	the	the	DET
fsr-3721	110	7	approximation	approximation	NOUN
fsr-3721	110	8	in	in	ADP
fsr-3721	110	9	equation	equation	NOUN
fsr-3721	110	10	(	(	PUNCT
fsr-3721	110	11	8)	8)	NUM
fsr-3721	110	12	shows	show	NOUN
fsr-3721	110	13	,	,	PUNCT
fsr-3721	110	14	the	the	DET
fsr-3721	110	15	effect	effect	NOUN
fsr-3721	110	16	of	of	ADP
fsr-3721	110	17	a	a	DET
fsr-3721	110	18	higher	high	ADJ
fsr-3721	110	19	personal	personal	ADJ
fsr-3721	110	20	discount	discount	NOUN
fsr-3721	110	21	rate	rate	NOUN
fsr-3721	110	22	can	can	AUX
fsr-3721	110	23	be	be	AUX
fsr-3721	110	24	approximated	approximate	VERB
fsr-3721	110	25	by	by	ADP
fsr-3721	110	26	using	use	VERB
fsr-3721	110	27	a	a	DET
fsr-3721	110	28	lower	low	ADJ
fsr-3721	110	29	real	real	ADJ
fsr-3721	110	30	interest	interest	NOUN
fsr-3721	110	31	rate	rate	NOUN
fsr-3721	110	32	.	.	PUNCT
fsr-3721	111	1	(	(	PUNCT
fsr-3721	111	2	g	g	NOUN
fsr-3721	111	3	cl	cl	NOUN
fsr-3721	111	4	)	)	PUNCT
fsr-3721	111	5	%	%	NOUN
fsr-3721	112	1	=	=	NOUN
fsr-3721	112	2	l+r	l+r	NUM
fsr-3721	112	3	-1	-1	PUNCT
fsr-3721	112	4	t	t	PROPN
fsr-3721	112	5	1	1	NUM
fsr-3721	112	6	‘	'	PUNCT
fsr-3721	112	7	-p	-p	DET
fsr-3721	112	8	cl	cl	NOUN
fsr-3721	112	9	l+p	l+p	PROPN
fsr-3721	112	10	=	=	NOUN
fsr-3721	112	11	x	x	SYM
fsr-3721	112	12	(	(	PUNCT
fsr-3721	112	13	8)	8)	NUM
fsr-3721	112	14	equation	equation	NOUN
fsr-3721	112	15	(	(	PUNCT
fsr-3721	112	16	9	9	X
fsr-3721	112	17	)	)	PUNCT
fsr-3721	112	18	gives	give	VERB
fsr-3721	112	19	optimal	optimal	ADJ
fsr-3721	112	20	savings	saving	NOUN
fsr-3721	112	21	as	as	ADP
fsr-3721	112	22	a	a	DET
fsr-3721	112	23	proportion	proportion	NOUN
fsr-3721	112	24	of	of	ADP
fsr-3721	112	25	year	year	NOUN
fsr-3721	112	26	1	1	NUM
fsr-3721	112	27	income	income	NOUN
fsr-3721	112	28	.	.	PUNCT
fsr-3721	113	1	the	the	DET
fsr-3721	113	2	consumer	consumer	NOUN
fsr-3721	113	3	’s	’s	PART
fsr-3721	113	4	relative	relative	ADJ
fsr-3721	113	5	risk	risk	NOUN
fsr-3721	113	6	aversion	aversion	NOUN
fsr-3721	113	7	is	be	AUX
fsr-3721	113	8	x.	x.	NOUN
fsr-3721	113	9	for	for	ADP
fsr-3721	113	10	particular	particular	ADJ
fsr-3721	113	11	values	value	NOUN
fsr-3721	113	12	of	of	ADP
fsr-3721	113	13	r	r	NOUN
fsr-3721	113	14	and	and	CCONJ
fsr-3721	113	15	g	g	NOUN
fsr-3721	113	16	,	,	PUNCT
fsr-3721	113	17	the	the	PRON
fsr-3721	113	18	greater	great	ADJ
fsr-3721	113	19	the	the	DET
fsr-3721	113	20	relative	relative	ADJ
fsr-3721	113	21	risk	risk	NOUN
fsr-3721	113	22	aversion	aversion	NOUN
fsr-3721	113	23	,	,	PUNCT
fsr-3721	113	24	the	the	PRON
fsr-3721	113	25	more	more	ADV
fsr-3721	113	26	the	the	DET
fsr-3721	113	27	consumer	consumer	NOUN
fsr-3721	113	28	should	should	AUX
fsr-3721	113	29	borrow	borrow	VERB
fsr-3721	113	30	.	.	PUNCT
fsr-3721	114	1	this	this	DET
fsr-3721	114	2	seemingly	seemingly	ADV
fsr-3721	114	3	paradoxical	paradoxical	ADJ
fsr-3721	114	4	result	result	NOUN
fsr-3721	114	5	is	be	AUX
fsr-3721	114	6	due	due	ADJ
fsr-3721	114	7	to	to	ADP
fsr-3721	114	8	the	the	DET
fsr-3721	114	9	fact	fact	NOUN
fsr-3721	114	10	that	that	SCONJ
fsr-3721	114	11	the	the	DET
fsr-3721	114	12	two	two	NUM
fsr-3721	114	13	period	period	NOUN
fsr-3721	114	14	model	model	NOUN
fsr-3721	114	15	with	with	ADP
fsr-3721	114	16	certainty	certainty	NOUN
fsr-3721	114	17	involves	involve	VERB
fsr-3721	114	18	no	no	DET
fsr-3721	114	19	risk	risk	NOUN
fsr-3721	114	20	,	,	PUNCT
fsr-3721	114	21	but	but	CCONJ
fsr-3721	114	22	only	only	ADV
fsr-3721	114	23	intertemporal	intertemporal	ADJ
fsr-3721	114	24	allocation	allocation	NOUN
fsr-3721	114	25	.	.	PUNCT
fsr-3721	115	1	if	if	SCONJ
fsr-3721	115	2	the	the	DET
fsr-3721	115	3	consumer	consumer	NOUN
fsr-3721	115	4	faces	face	VERB
fsr-3721	115	5	a	a	DET
fsr-3721	115	6	higher	high	ADJ
fsr-3721	115	7	interest	interest	NOUN
fsr-3721	115	8	rate	rate	NOUN
fsr-3721	115	9	for	for	ADP
fsr-3721	115	10	borrowing	borrowing	NOUN
fsr-3721	115	11	than	than	ADP
fsr-3721	115	12	for	for	ADP
fsr-3721	115	13	saving	saving	NOUN
fsr-3721	115	14	,	,	PUNCT
fsr-3721	115	15	there	there	PRON
fsr-3721	115	16	may	may	AUX
fsr-3721	115	17	be	be	AUX
fsr-3721	115	18	some	some	DET
fsr-3721	115	19	growth	growth	NOUN
fsr-3721	115	20	rates	rate	NOUN
fsr-3721	115	21	for	for	ADP
fsr-3721	115	22	which	which	PRON
fsr-3721	115	23	neither	neither	CCONJ
fsr-3721	115	24	borrowing	borrow	VERB
fsr-3721	115	25	nor	nor	CCONJ
fsr-3721	115	26	saving	saving	NOUN
fsr-3721	115	27	is	be	AUX
fsr-3721	115	28	optimal	optimal	ADJ
fsr-3721	115	29	.	.	PUNCT
fsr-3721	116	1	if	if	SCONJ
fsr-3721	116	2	the	the	DET
fsr-3721	116	3	ratio	ratio	NOUN
fsr-3721	116	4	is	be	AUX
fsr-3721	116	5	negative	negative	ADJ
fsr-3721	116	6	,	,	PUNCT
fsr-3721	116	7	borrowing	borrowing	NOUN
fsr-3721	116	8	is	be	AUX
fsr-3721	116	9	optimal	optimal	ADJ
fsr-3721	116	10	.	.	PUNCT
fsr-3721	117	1	52	52	NUM
fsr-3721	117	2	financialservicesrrview,3(1	financialservicesrrview,3(1	ADJ
fsr-3721	117	3	)	)	PUNCT
fsr-3721	117	4	1993	1993	NUM
fsr-3721	117	5	l+r	l+r	ADJ
fsr-3721	117	6	’	'	PUNCT
fsr-3721	117	7	t	t	PROPN
fsr-3721	117	8	1	1	NUM
fsr-3721	117	9	-cl+	-cl+	PROPN
fsr-3721	117	10	&	&	CCONJ
fsr-3721	117	11	l+p	l+p	PROPN
fsr-3721	118	1	[	[	X
fsr-3721	118	2	$	$	SYM
fsr-3721	118	3	+	+	NOUN
fsr-3721	118	4	[	[	X
fsr-3721	118	5	+	+	ADJ
fsr-3721	118	6	=]	=]	X
fsr-3721	118	7	(	(	PUNCT
fsr-3721	118	8	9	9	NUM
fsr-3721	118	9	)	)	PUNCT
fsr-3721	118	10	the	the	DET
fsr-3721	118	11	natural	natural	ADJ
fsr-3721	118	12	log	log	NOUN
fsr-3721	118	13	utility	utility	NOUN
fsr-3721	118	14	function	function	NOUN
fsr-3721	118	15	(	(	PUNCT
fsr-3721	118	16	u=	u=	NOUN
fsr-3721	118	17	ln[q	ln[q	PROPN
fsr-3721	118	18	)	)	PUNCT
fsr-3721	118	19	has	have	AUX
fsr-3721	118	20	been	be	AUX
fsr-3721	118	21	used	use	VERB
fsr-3721	118	22	frequently	frequently	ADV
fsr-3721	118	23	,	,	PUNCT
fsr-3721	118	24	although	although	SCONJ
fsr-3721	118	25	the	the	DET
fsr-3721	118	26	example	example	NOUN
fsr-3721	118	27	from	from	ADP
fsr-3721	118	28	table	table	NOUN
fsr-3721	118	29	1	1	NUM
fsr-3721	118	30	implies	imply	VERB
fsr-3721	118	31	extremely	extremely	ADV
fsr-3721	118	32	miserly	miserly	ADJ
fsr-3721	118	33	behavior	behavior	NOUN
fsr-3721	118	34	.	.	PUNCT
fsr-3721	119	1	it	it	PRON
fsr-3721	119	2	is	be	AUX
fsr-3721	119	3	simple	simple	ADJ
fsr-3721	119	4	to	to	PART
fsr-3721	119	5	analyze	analyze	VERB
fsr-3721	119	6	.	.	PUNCT
fsr-3721	120	1	substituting	substitute	VERB
fsr-3721	120	2	the	the	DET
fsr-3721	120	3	value	value	NOUN
fsr-3721	120	4	of	of	ADP
fsr-3721	120	5	x	x	X
fsr-3721	120	6	=	=	SYM
fsr-3721	120	7	1	1	NUM
fsr-3721	120	8	in	in	ADP
fsr-3721	120	9	equation	equation	NOUN
fsr-3721	120	10	(	(	PUNCT
fsr-3721	120	11	9	9	NUM
fsr-3721	120	12	)	)	PUNCT
fsr-3721	120	13	,	,	PUNCT
fsr-3721	120	14	then	then	ADV
fsr-3721	120	15	for	for	ADP
fsr-3721	120	16	reasonable	reasonable	ADJ
fsr-3721	120	17	values	value	NOUN
fsr-3721	120	18	of	of	ADP
fsr-3721	120	19	r	r	NOUN
fsr-3721	120	20	,	,	PUNCT
fsr-3721	120	21	equation	equation	NOUN
fsr-3721	120	22	(	(	PUNCT
fsr-3721	120	23	10	10	NUM
fsr-3721	120	24	)	)	PUNCT
fsr-3721	120	25	is	be	AUX
fsr-3721	120	26	a	a	DET
fsr-3721	120	27	good	good	ADJ
fsr-3721	120	28	approximation	approximation	NOUN
fsr-3721	120	29	.	.	PUNCT
fsr-3721	121	1	s_(r	s_(r	NOUN
fsr-3721	121	2	--	--	PUNCT
fsr-3721	121	3	pi	pi	NOUN
fsr-3721	121	4	-	-	PUNCT
fsr-3721	121	5	g	g	NOUN
fsr-3721	121	6	i2(1	i2(1	NOUN
fsr-3721	121	7	+	+	CCONJ
fsr-3721	121	8	r	r	NOUN
fsr-3721	121	9	)	)	PUNCT
fsr-3721	121	10	(	(	PUNCT
fsr-3721	121	11	10	10	NUM
fsr-3721	121	12	)	)	PUNCT
fsr-3721	121	13	note	note	NOUN
fsr-3721	121	14	that	that	SCONJ
fsr-3721	121	15	if	if	SCONJ
fsr-3721	121	16	r	r	NOUN
fsr-3721	121	17	-	-	PUNCT
fsr-3721	121	18	p	p	NOUN
fsr-3721	121	19	is	be	AUX
fsr-3721	121	20	less	less	ADJ
fsr-3721	121	21	than	than	ADP
fsr-3721	121	22	g	g	NOUN
fsr-3721	121	23	,	,	PUNCT
fsr-3721	121	24	saving	save	VERB
fsr-3721	121	25	is	be	AUX
fsr-3721	121	26	negative	negative	ADJ
fsr-3721	121	27	,	,	PUNCT
fsr-3721	121	28	so	so	SCONJ
fsr-3721	121	29	that	that	SCONJ
fsr-3721	121	30	some	some	DET
fsr-3721	121	31	borrowing	borrowing	NOUN
fsr-3721	121	32	is	be	AUX
fsr-3721	121	33	optimal	optimal	ADJ
fsr-3721	121	34	.	.	PUNCT
fsr-3721	122	1	for	for	ADP
fsr-3721	122	2	a	a	DET
fsr-3721	122	3	given	give	VERB
fsr-3721	122	4	value	value	NOUN
fsr-3721	122	5	of	of	ADP
fsr-3721	122	6	r	r	NOUN
fsr-3721	122	7	,	,	PUNCT
fsr-3721	122	8	as	as	ADP
fsr-3721	122	9	g	g	NOUN
fsr-3721	122	10	increases	increase	NOUN
fsr-3721	122	11	,	,	PUNCT
fsr-3721	122	12	the	the	DET
fsr-3721	122	13	optimal	optimal	ADJ
fsr-3721	122	14	amount	amount	NOUN
fsr-3721	122	15	to	to	PART
fsr-3721	122	16	borrow	borrow	VERB
fsr-3721	122	17	will	will	AUX
fsr-3721	122	18	increase	increase	VERB
fsr-3721	122	19	.	.	PUNCT
fsr-3721	123	1	for	for	ADP
fsr-3721	123	2	instance	instance	NOUN
fsr-3721	123	3	,	,	PUNCT
fsr-3721	123	4	if	if	SCONJ
fsr-3721	123	5	g	g	NOUN
fsr-3721	123	6	=	=	NOUN
fsr-3721	123	7	20	20	NUM
fsr-3721	123	8	%	%	NOUN
fsr-3721	123	9	,	,	PUNCT
fsr-3721	123	10	p	p	NOUN
fsr-3721	123	11	=	=	NOUN
fsr-3721	123	12	0	0	NUM
fsr-3721	123	13	%	%	NOUN
fsr-3721	123	14	and	and	CCONJ
fsr-3721	123	15	r	r	NOUN
fsr-3721	123	16	=	=	SYM
fsr-3721	123	17	10	10	NUM
fsr-3721	123	18	%	%	NOUN
fsr-3721	123	19	then	then	ADV
fsr-3721	123	20	s	s	PROPN
fsr-3721	123	21	/	/	SYM
fsr-3721	123	22	z	z	NOUN
fsr-3721	123	23	=	=	PUNCT
fsr-3721	123	24	-4.5	-4.5	NUM
fsr-3721	123	25	%	%	NOUN
fsr-3721	123	26	.	.	PUNCT
fsr-3721	124	1	if	if	SCONJ
fsr-3721	124	2	this	this	DET
fsr-3721	124	3	year	year	NOUN
fsr-3721	124	4	’s	’s	PART
fsr-3721	124	5	income	income	NOUN
fsr-3721	124	6	is	be	AUX
fsr-3721	124	7	$	$	SYM
fsr-3721	124	8	10,000	10,000	NUM
fsr-3721	124	9	,	,	PUNCT
fsr-3721	124	10	the	the	DET
fsr-3721	124	11	optimal	optimal	ADJ
fsr-3721	124	12	amount	amount	NOUN
fsr-3721	124	13	to	to	PART
fsr-3721	124	14	borrow	borrow	VERB
fsr-3721	124	15	is	be	AUX
fsr-3721	124	16	$	$	SYM
fsr-3721	124	17	450	450	NUM
fsr-3721	124	18	.	.	PUNCT
fsr-3721	125	1	for	for	ADP
fsr-3721	125	2	other	other	ADJ
fsr-3721	125	3	values	value	NOUN
fsr-3721	125	4	of	of	ADP
fsr-3721	125	5	x	x	PRON
fsr-3721	125	6	,	,	PUNCT
fsr-3721	125	7	equation	equation	NOUN
fsr-3721	125	8	(	(	PUNCT
fsr-3721	125	9	9	9	NUM
fsr-3721	125	10	)	)	PUNCT
fsr-3721	125	11	is	be	AUX
fsr-3721	125	12	somewhat	somewhat	ADV
fsr-3721	125	13	complicated	complicated	ADJ
fsr-3721	125	14	.	.	PUNCT
fsr-3721	126	1	however	however	ADV
fsr-3721	126	2	,	,	PUNCT
fsr-3721	126	3	an	an	DET
fsr-3721	126	4	intuitive	intuitive	ADJ
fsr-3721	126	5	sense	sense	NOUN
fsr-3721	126	6	of	of	ADP
fsr-3721	126	7	the	the	DET
fsr-3721	126	8	patterns	pattern	NOUN
fsr-3721	126	9	can	can	AUX
fsr-3721	126	10	be	be	AUX
fsr-3721	126	11	obtained	obtain	VERB
fsr-3721	126	12	by	by	ADP
fsr-3721	126	13	using	use	VERB
fsr-3721	126	14	approximations	approximation	NOUN
fsr-3721	126	15	,	,	PUNCT
fsr-3721	126	16	resulting	result	VERB
fsr-3721	126	17	in	in	ADP
fsr-3721	126	18	equation	equation	NOUN
fsr-3721	126	19	(	(	PUNCT
fsr-3721	126	20	11	11	NUM
fsr-3721	126	21	)	)	PUNCT
fsr-3721	126	22	.	.	PUNCT
fsr-3721	127	1	if	if	SCONJ
fsr-3721	127	2	the	the	DET
fsr-3721	127	3	real	real	ADJ
fsr-3721	127	4	interest	interest	NOUN
fsr-3721	127	5	rate	rate	NOUN
fsr-3721	127	6	(	(	PUNCT
fsr-3721	127	7	r	r	NOUN
fsr-3721	127	8	)	)	PUNCT
fsr-3721	127	9	minus	minus	CCONJ
fsr-3721	127	10	the	the	DET
fsr-3721	127	11	personal	personal	ADJ
fsr-3721	127	12	discount	discount	NOUN
fsr-3721	127	13	rate	rate	NOUN
fsr-3721	127	14	(	(	PUNCT
fsr-3721	127	15	p	p	NOUN
fsr-3721	127	16	)	)	PUNCT
fsr-3721	127	17	,	,	PUNCT
fsr-3721	127	18	divided	divide	VERB
fsr-3721	127	19	by	by	ADP
fsr-3721	127	20	the	the	DET
fsr-3721	127	21	relative	relative	ADJ
fsr-3721	127	22	risk	risk	NOUN
fsr-3721	127	23	aversion	aversion	NOUN
fsr-3721	127	24	,	,	PUNCT
fsr-3721	127	25	is	be	AUX
fsr-3721	127	26	less	less	ADJ
fsr-3721	127	27	than	than	ADP
fsr-3721	127	28	the	the	DET
fsr-3721	127	29	expected	expect	VERB
fsr-3721	127	30	growth	growth	NOUN
fsr-3721	127	31	rate	rate	NOUN
fsr-3721	127	32	in	in	ADP
fsr-3721	127	33	real	real	ADJ
fsr-3721	127	34	income	income	NOUN
fsr-3721	127	35	(	(	PUNCT
fsr-3721	127	36	g	g	NOUN
fsr-3721	127	37	)	)	PUNCT
fsr-3721	127	38	,	,	PUNCT
fsr-3721	127	39	borrowing	borrowing	NOUN
fsr-3721	127	40	is	be	AUX
fsr-3721	127	41	optimal	optimal	ADJ
fsr-3721	127	42	.	.	PUNCT
fsr-3721	128	1	for	for	ADP
fsr-3721	128	2	instance	instance	NOUN
fsr-3721	128	3	,	,	PUNCT
fsr-3721	128	4	if	if	SCONJ
fsr-3721	128	5	r	r	NOUN
fsr-3721	128	6	is	be	AUX
fsr-3721	128	7	12	12	NUM
fsr-3721	128	8	%	%	NOUN
fsr-3721	128	9	,	,	PUNCT
fsr-3721	128	10	p	p	PROPN
fsr-3721	128	11	is	be	AUX
fsr-3721	128	12	0	0	NUM
fsr-3721	128	13	%	%	NOUN
fsr-3721	128	14	,	,	PUNCT
fsr-3721	128	15	and	and	CCONJ
fsr-3721	128	16	x	x	X
fsr-3721	128	17	is	be	AUX
fsr-3721	128	18	6	6	NUM
fsr-3721	128	19	,	,	PUNCT
fsr-3721	128	20	then	then	ADV
fsr-3721	128	21	borrowing	borrowing	NOUN
fsr-3721	128	22	is	be	AUX
fsr-3721	128	23	optimal	optimal	ADJ
fsr-3721	128	24	if	if	SCONJ
fsr-3721	128	25	g	g	PROPN
fsr-3721	128	26	is	be	AUX
fsr-3721	128	27	greater	great	ADJ
fsr-3721	128	28	than	than	ADP
fsr-3721	128	29	2	2	NUM
fsr-3721	128	30	%	%	NOUN
fsr-3721	128	31	.	.	PUNCT
fsr-3721	129	1	clearly	clearly	ADV
fsr-3721	129	2	,	,	PUNCT
fsr-3721	129	3	one	one	PRON
fsr-3721	129	4	does	do	AUX
fsr-3721	129	5	not	not	PART
fsr-3721	129	6	need	need	VERB
fsr-3721	129	7	to	to	PART
fsr-3721	129	8	rely	rely	VERB
fsr-3721	129	9	on	on	ADP
fsr-3721	129	10	the	the	DET
fsr-3721	129	11	assumption	assumption	NOUN
fsr-3721	129	12	of	of	ADP
fsr-3721	129	13	a	a	DET
fsr-3721	129	14	high	high	ADJ
fsr-3721	129	15	personal	personal	ADJ
fsr-3721	129	16	discount	discount	NOUN
fsr-3721	129	17	rate	rate	NOUN
fsr-3721	129	18	to	to	PART
fsr-3721	129	19	explain	explain	VERB
fsr-3721	129	20	borrowing	borrowing	NOUN
fsr-3721	129	21	for	for	ADP
fsr-3721	129	22	current	current	ADJ
fsr-3721	129	23	consumption	consumption	NOUN
fsr-3721	129	24	.	.	PUNCT
fsr-3721	130	1	an	an	DET
fsr-3721	130	2	analysis	analysis	NOUN
fsr-3721	130	3	of	of	ADP
fsr-3721	130	4	households	household	NOUN
fsr-3721	130	5	in	in	ADP
fsr-3721	130	6	the	the	DET
fsr-3721	130	7	survey	survey	NOUN
fsr-3721	130	8	of	of	ADP
fsr-3721	130	9	consumer	consumer	NOUN
fsr-3721	130	10	finances	finance	NOUN
fsr-3721	130	11	interviewed	interview	VERB
fsr-3721	130	12	in	in	ADP
fsr-3721	130	13	1983	1983	NUM
fsr-3721	130	14	and	and	CCONJ
fsr-3721	130	15	re	re	VERB
fsr-3721	130	16	-	-	VERB
fsr-3721	130	17	interviewed	interview	VERB
fsr-3721	130	18	in	in	ADP
fsr-3721	130	19	1986	1986	NUM
fsr-3721	130	20	(	(	PUNCT
fsr-3721	130	21	chang	chang	PROPN
fsr-3721	130	22	and	and	CCONJ
fsr-3721	130	23	lindamood	lindamood	NOUN
fsr-3721	130	24	,	,	PUNCT
fsr-3721	130	25	1993	1993	NUM
fsr-3721	130	26	)	)	PUNCT
fsr-3721	130	27	shows	show	VERB
fsr-3721	130	28	that	that	SCONJ
fsr-3721	130	29	,	,	PUNCT
fsr-3721	130	30	based	base	VERB
fsr-3721	130	31	on	on	ADP
fsr-3721	130	32	two	two	NUM
fsr-3721	130	33	year	year	NOUN
fsr-3721	130	34	household	household	NOUN
fsr-3721	130	35	income	income	NOUN
fsr-3721	130	36	in	in	ADP
fsr-3721	130	37	198211983	198211983	NUM
fsr-3721	130	38	and	and	CCONJ
fsr-3721	130	39	two	two	NUM
fsr-3721	130	40	year	year	NOUN
fsr-3721	130	41	household	household	NOUN
fsr-3721	130	42	income	income	NOUN
fsr-3721	130	43	in	in	ADP
fsr-3721	130	44	1984/1985	1984/1985	NUM
fsr-3721	130	45	,	,	PUNCT
fsr-3721	130	46	the	the	DET
fsr-3721	130	47	median	median	ADJ
fsr-3721	130	48	growth	growth	NOUN
fsr-3721	130	49	rate	rate	NOUN
fsr-3721	130	50	in	in	ADP
fsr-3721	130	51	real	real	ADJ
fsr-3721	130	52	income	income	NOUN
fsr-3721	130	53	for	for	ADP
fsr-3721	130	54	households	household	NOUN
fsr-3721	130	55	under	under	ADP
fsr-3721	130	56	the	the	DET
fsr-3721	130	57	age	age	NOUN
fsr-3721	130	58	of	of	ADP
fsr-3721	130	59	35	35	NUM
fsr-3721	130	60	was	be	AUX
fsr-3721	130	61	20	20	NUM
fsr-3721	130	62	%	%	NOUN
fsr-3721	130	63	.	.	PUNCT
fsr-3721	131	1	the	the	DET
fsr-3721	131	2	annualized	annualize	VERB
fsr-3721	131	3	median	median	ADJ
fsr-3721	131	4	growth	growth	NOUN
fsr-3721	131	5	rate	rate	NOUN
fsr-3721	131	6	for	for	ADP
fsr-3721	131	7	young	young	ADJ
fsr-3721	131	8	households	household	NOUN
fsr-3721	131	9	was	be	AUX
fsr-3721	131	10	almost	almost	ADV
fsr-3721	131	11	10	10	NUM
fsr-3721	131	12	%	%	NOUN
fsr-3721	131	13	.	.	PUNCT
fsr-3721	132	1	for	for	ADP
fsr-3721	132	2	the	the	DET
fsr-3721	132	3	households	household	NOUN
fsr-3721	132	4	under	under	ADP
fsr-3721	132	5	35	35	NUM
fsr-3721	132	6	,	,	PUNCT
fsr-3721	132	7	25	25	NUM
fsr-3721	132	8	%	%	NOUN
fsr-3721	132	9	had	have	VERB
fsr-3721	132	10	an	an	DET
fsr-3721	132	11	annualized	annualize	VERB
fsr-3721	132	12	growth	growth	NOUN
fsr-3721	132	13	rate	rate	NOUN
fsr-3721	132	14	of	of	ADP
fsr-3721	132	15	22	22	NUM
fsr-3721	132	16	%	%	NOUN
fsr-3721	132	17	or	or	CCONJ
fsr-3721	132	18	higher	high	ADJ
fsr-3721	132	19	.	.	PUNCT
fsr-3721	133	1	consumers	consumer	NOUN
fsr-3721	133	2	who	who	PRON
fsr-3721	133	3	were	be	AUX
fsr-3721	133	4	certain	certain	ADJ
fsr-3721	133	5	of	of	ADP
fsr-3721	133	6	a	a	DET
fsr-3721	133	7	high	high	ADJ
fsr-3721	133	8	growth	growth	NOUN
fsr-3721	133	9	rate	rate	NOUN
fsr-3721	133	10	might	might	AUX
fsr-3721	133	11	borrow	borrow	VERB
fsr-3721	133	12	even	even	ADV
fsr-3721	133	13	if	if	SCONJ
fsr-3721	133	14	they	they	PRON
fsr-3721	133	15	faced	face	VERB
fsr-3721	133	16	rather	rather	ADV
fsr-3721	133	17	high	high	ADJ
fsr-3721	133	18	interest	interest	NOUN
fsr-3721	133	19	rates	rate	NOUN
fsr-3721	133	20	.	.	PUNCT
fsr-3721	134	1	‘	'	PUNCT
fsr-3721	134	2	-p	-p	PUNCT
fsr-3721	134	3	borrow	borrow	VERB
fsr-3721	134	4	if	if	SCONJ
fsr-3721	134	5	7	7	NUM
fsr-3721	134	6	<	<	X
fsr-3721	134	7	g	g	NOUN
fsr-3721	134	8	v.	v.	ADP
fsr-3721	134	9	optimalcreditw	optimalcreditw	NOUN
fsr-3721	134	10	~	~	X
fsr-3721	134	11	iuncerta	iuncerta	NOUN
fsr-3721	134	12	~	~	SYM
fsr-3721	134	13	y	y	PROPN
fsr-3721	134	14	(	(	PUNCT
fsr-3721	134	15	11	11	NUM
fsr-3721	134	16	)	)	PUNCT
fsr-3721	134	17	there	there	PRON
fsr-3721	134	18	is	be	VERB
fsr-3721	134	19	no	no	DET
fsr-3721	134	20	simple	simple	ADJ
fsr-3721	134	21	,	,	PUNCT
fsr-3721	134	22	closed	closed	ADJ
fsr-3721	134	23	analytical	analytical	ADJ
fsr-3721	134	24	solution	solution	NOUN
fsr-3721	134	25	for	for	ADP
fsr-3721	134	26	optimal	optimal	ADJ
fsr-3721	134	27	savings	saving	NOUN
fsr-3721	134	28	or	or	CCONJ
fsr-3721	134	29	credit	credit	NOUN
fsr-3721	134	30	with	with	ADP
fsr-3721	134	31	uncertainty	uncertainty	NOUN
fsr-3721	134	32	.	.	PUNCT
fsr-3721	135	1	therefore	therefore	ADV
fsr-3721	135	2	,	,	PUNCT
fsr-3721	135	3	simulations	simulation	NOUN
fsr-3721	135	4	were	be	AUX
fsr-3721	135	5	used	use	VERB
fsr-3721	135	6	to	to	PART
fsr-3721	135	7	find	find	VERB
fsr-3721	135	8	optimal	optimal	ADJ
fsr-3721	135	9	savings	saving	NOUN
fsr-3721	135	10	/	/	SYM
fsr-3721	135	11	credit	credit	NOUN
fsr-3721	135	12	.	.	PUNCT
fsr-3721	136	1	real	real	ADJ
fsr-3721	136	2	income	income	NOUN
fsr-3721	136	3	growth	growth	NOUN
fsr-3721	136	4	and	and	CCONJ
fsr-3721	136	5	optimal	optimal	ADJ
fsr-3721	136	6	credit	credit	NOUN
fsr-3721	136	7	use	use	NOUN
fsr-3721	136	8	53	53	NUM
fsr-3721	136	9	simulation	simulation	NOUN
fsr-3721	136	10	results	result	NOUN
fsr-3721	136	11	:	:	PUNCT
fsr-3721	136	12	factors	factor	NOUN
fsr-3721	136	13	affecting	affect	VERB
fsr-3721	136	14	optimal	optimal	ADJ
fsr-3721	136	15	credit	credit	NOUN
fsr-3721	136	16	use	use	NOUN
fsr-3721	136	17	equations	equation	NOUN
fsr-3721	136	18	(	(	PUNCT
fsr-3721	136	19	1	1	NUM
fsr-3721	136	20	)	)	PUNCT
fsr-3721	136	21	through	through	ADP
fsr-3721	136	22	(	(	PUNCT
fsr-3721	136	23	4	4	X
fsr-3721	136	24	)	)	PUNCT
fsr-3721	136	25	were	be	AUX
fsr-3721	136	26	used	use	VERB
fsr-3721	136	27	with	with	ADP
fsr-3721	136	28	simulations	simulation	NOUN
fsr-3721	136	29	to	to	PART
fsr-3721	136	30	find	find	VERB
fsr-3721	136	31	the	the	DET
fsr-3721	136	32	value	value	NOUN
fsr-3721	136	33	of	of	ADP
fsr-3721	136	34	s	s	PRON
fsr-3721	136	35	that	that	SCONJ
fsr-3721	136	36	maximized	maximize	VERB
fsr-3721	136	37	expected	expect	VERB
fsr-3721	136	38	lifetime	lifetime	NOUN
fsr-3721	136	39	utility	utility	NOUN
fsr-3721	136	40	for	for	ADP
fsr-3721	136	41	particular	particular	ADJ
fsr-3721	136	42	values	value	NOUN
fsr-3721	136	43	of	of	ADP
fsr-3721	136	44	the	the	DET
fsr-3721	136	45	parameters	parameter	NOUN
fsr-3721	136	46	.	.	PUNCT
fsr-3721	137	1	in	in	ADP
fsr-3721	137	2	this	this	DET
fsr-3721	137	3	section	section	NOUN
fsr-3721	137	4	,	,	PUNCT
fsr-3721	137	5	we	we	PRON
fsr-3721	137	6	shall	shall	AUX
fsr-3721	137	7	discuss	discuss	VERB
fsr-3721	137	8	and	and	CCONJ
fsr-3721	137	9	illustrate	illustrate	VERB
fsr-3721	137	10	effects	effect	NOUN
fsr-3721	137	11	of	of	ADP
fsr-3721	137	12	real	real	ADJ
fsr-3721	137	13	income	income	NOUN
fsr-3721	137	14	growth	growth	NOUN
fsr-3721	137	15	on	on	ADP
fsr-3721	137	16	optimal	optimal	ADJ
fsr-3721	137	17	savings	saving	NOUN
fsr-3721	137	18	/	/	SYM
fsr-3721	137	19	credit	credit	NOUN
fsr-3721	137	20	use	use	NOUN
fsr-3721	137	21	,	,	PUNCT
fsr-3721	137	22	for	for	ADP
fsr-3721	137	23	two	two	NUM
fsr-3721	137	24	levels	level	NOUN
fsr-3721	137	25	of	of	ADP
fsr-3721	137	26	relative	relative	ADJ
fsr-3721	137	27	risk	risk	NOUN
fsr-3721	137	28	aversion	aversion	NOUN
fsr-3721	137	29	and	and	CCONJ
fsr-3721	137	30	three	three	NUM
fsr-3721	137	31	probability	probability	NOUN
fsr-3721	137	32	levels	level	NOUN
fsr-3721	137	33	.	.	PUNCT
fsr-3721	138	1	in	in	ADP
fsr-3721	138	2	order	order	NOUN
fsr-3721	138	3	to	to	PART
fsr-3721	138	4	focus	focus	VERB
fsr-3721	138	5	on	on	ADP
fsr-3721	138	6	scenarios	scenario	NOUN
fsr-3721	138	7	with	with	ADP
fsr-3721	138	8	borrowing	borrowing	NOUN
fsr-3721	138	9	,	,	PUNCT
fsr-3721	138	10	it	it	PRON
fsr-3721	138	11	was	be	AUX
fsr-3721	138	12	assumed	assume	VERB
fsr-3721	138	13	that	that	SCONJ
fsr-3721	138	14	the	the	DET
fsr-3721	138	15	consumer	consumer	NOUN
fsr-3721	138	16	faced	face	VERB
fsr-3721	138	17	either	either	CCONJ
fsr-3721	138	18	constant	constant	ADJ
fsr-3721	138	19	real	real	ADJ
fsr-3721	138	20	income	income	NOUN
fsr-3721	138	21	or	or	CCONJ
fsr-3721	138	22	a	a	DET
fsr-3721	138	23	real	real	ADJ
fsr-3721	138	24	income	income	NOUN
fsr-3721	138	25	growth	growth	NOUN
fsr-3721	138	26	rate	rate	NOUN
fsr-3721	138	27	g	g	NOUN
fsr-3721	138	28	with	with	ADP
fsr-3721	138	29	a	a	DET
fsr-3721	138	30	probability	probability	NOUN
fsr-3721	138	31	p.	p.	NOUN
fsr-3721	138	32	in	in	ADP
fsr-3721	138	33	the	the	DET
fsr-3721	138	34	cases	case	NOUN
fsr-3721	138	35	of	of	ADP
fsr-3721	138	36	certainty	certainty	NOUN
fsr-3721	138	37	(	(	PUNCT
fsr-3721	138	38	i.e.	i.e.	X
fsr-3721	138	39	,	,	PUNCT
fsr-3721	138	40	probability	probability	NOUN
fsr-3721	138	41	of	of	ADP
fsr-3721	138	42	income	income	NOUN
fsr-3721	138	43	increase	increase	NOUN
fsr-3721	138	44	equals	equal	VERB
fsr-3721	138	45	one	one	NUM
fsr-3721	138	46	)	)	PUNCT
fsr-3721	138	47	,	,	PUNCT
fsr-3721	138	48	the	the	PRON
fsr-3721	138	49	greater	great	ADJ
fsr-3721	138	50	the	the	DET
fsr-3721	138	51	relative	relative	ADJ
fsr-3721	138	52	risk	risk	NOUN
fsr-3721	138	53	aversion	aversion	NOUN
fsr-3721	138	54	,	,	PUNCT
fsr-3721	138	55	the	the	PRON
fsr-3721	138	56	less	less	ADV
fsr-3721	138	57	the	the	DET
fsr-3721	138	58	consumer	consumer	NOUN
fsr-3721	138	59	will	will	AUX
fsr-3721	138	60	save	save	VERB
fsr-3721	138	61	,	,	PUNCT
fsr-3721	138	62	or	or	CCONJ
fsr-3721	138	63	the	the	PRON
fsr-3721	138	64	more	more	ADV
fsr-3721	138	65	the	the	DET
fsr-3721	138	66	consumer	consumer	NOUN
fsr-3721	138	67	will	will	AUX
fsr-3721	138	68	borrow	borrow	VERB
fsr-3721	138	69	.	.	PUNCT
fsr-3721	139	1	the	the	DET
fsr-3721	139	2	relative	relative	ADJ
fsr-3721	139	3	risk	risk	NOUN
fsr-3721	139	4	aversion	aversion	NOUN
fsr-3721	139	5	is	be	AUX
fsr-3721	139	6	related	relate	VERB
fsr-3721	139	7	to	to	ADP
fsr-3721	139	8	how	how	SCONJ
fsr-3721	139	9	much	much	ADV
fsr-3721	139	10	more	more	ADJ
fsr-3721	139	11	utility	utility	NOUN
fsr-3721	139	12	the	the	DET
fsr-3721	139	13	consumer	consumer	NOUN
fsr-3721	139	14	will	will	AUX
fsr-3721	139	15	lose	lose	VERB
fsr-3721	139	16	due	due	ADJ
fsr-3721	139	17	to	to	ADP
fsr-3721	139	18	low	low	ADJ
fsr-3721	139	19	consumption	consumption	NOUN
fsr-3721	139	20	in	in	ADP
fsr-3721	139	21	year	year	NOUN
fsr-3721	139	22	1	1	NUM
fsr-3721	139	23	than	than	SCONJ
fsr-3721	139	24	they	they	PRON
fsr-3721	139	25	will	will	AUX
fsr-3721	139	26	gain	gain	VERB
fsr-3721	139	27	from	from	ADP
fsr-3721	139	28	higher	high	ADJ
fsr-3721	139	29	consumption	consumption	NOUN
fsr-3721	139	30	in	in	ADP
fsr-3721	139	31	year	year	NOUN
fsr-3721	139	32	2	2	NUM
fsr-3721	139	33	.	.	X
fsr-3721	140	1	for	for	ADP
fsr-3721	140	2	any	any	DET
fsr-3721	140	3	given	give	VERB
fsr-3721	140	4	real	real	ADJ
fsr-3721	140	5	income	income	NOUN
fsr-3721	140	6	increase	increase	NOUN
fsr-3721	140	7	,	,	PUNCT
fsr-3721	140	8	the	the	DET
fsr-3721	140	9	consumer	consumer	NOUN
fsr-3721	140	10	will	will	AUX
fsr-3721	140	11	borrow	borrow	VERB
fsr-3721	140	12	more	more	ADJ
fsr-3721	140	13	in	in	ADP
fsr-3721	140	14	order	order	NOUN
fsr-3721	140	15	to	to	PART
fsr-3721	140	16	smooth	smooth	VERB
fsr-3721	140	17	out	out	ADP
fsr-3721	140	18	consumption	consumption	NOUN
fsr-3721	140	19	as	as	ADV
fsr-3721	140	20	much	much	ADV
fsr-3721	140	21	as	as	SCONJ
fsr-3721	140	22	is	be	AUX
fsr-3721	140	23	justified	justify	VERB
fsr-3721	140	24	by	by	ADP
fsr-3721	140	25	the	the	DET
fsr-3721	140	26	utility	utility	NOUN
fsr-3721	140	27	function	function	NOUN
fsr-3721	140	28	and	and	CCONJ
fsr-3721	140	29	the	the	DET
fsr-3721	140	30	real	real	ADJ
fsr-3721	140	31	interest	interest	NOUN
fsr-3721	140	32	rate	rate	NOUN
fsr-3721	140	33	on	on	ADP
fsr-3721	140	34	loans	loan	NOUN
fsr-3721	140	35	.	.	PUNCT
fsr-3721	141	1	when	when	SCONJ
fsr-3721	141	2	uncertainty	uncertainty	NOUN
fsr-3721	141	3	is	be	AUX
fsr-3721	141	4	added	add	VERB
fsr-3721	141	5	to	to	ADP
fsr-3721	141	6	the	the	DET
fsr-3721	141	7	total	total	ADJ
fsr-3721	141	8	period	period	NOUN
fsr-3721	141	9	utility	utility	NOUN
fsr-3721	141	10	function	function	NOUN
fsr-3721	141	11	(	(	PUNCT
fsr-3721	141	12	le	le	X
fsr-3721	141	13	.	.	NOUN
fsr-3721	141	14	,	,	PUNCT
fsr-3721	141	15	probability	probability	NOUN
fsr-3721	141	16	of	of	ADP
fsr-3721	141	17	income	income	NOUN
fsr-3721	141	18	increases	increase	NOUN
fsr-3721	141	19	between	between	ADP
fsr-3721	141	20	zero	zero	NUM
fsr-3721	141	21	and	and	CCONJ
fsr-3721	141	22	one	one	NUM
fsr-3721	141	23	)	)	PUNCT
fsr-3721	141	24	,	,	PUNCT
fsr-3721	141	25	the	the	DET
fsr-3721	141	26	borrowing	borrowing	NOUN
fsr-3721	141	27	-	-	PUNCT
fsr-3721	141	28	relative	relative	ADJ
fsr-3721	141	29	risk	risk	NOUN
fsr-3721	141	30	aversion	aversion	NOUN
fsr-3721	141	31	relationship	relationship	NOUN
fsr-3721	141	32	observed	observe	VERB
fsr-3721	141	33	for	for	ADP
fsr-3721	141	34	certainty	certainty	NOUN
fsr-3721	141	35	does	do	AUX
fsr-3721	141	36	not	not	PART
fsr-3721	141	37	always	always	ADV
fsr-3721	141	38	hold	hold	VERB
fsr-3721	141	39	.	.	PUNCT
fsr-3721	142	1	the	the	DET
fsr-3721	142	2	simulations	simulation	NOUN
fsr-3721	142	3	were	be	AUX
fsr-3721	142	4	based	base	VERB
fsr-3721	142	5	on	on	ADP
fsr-3721	142	6	the	the	DET
fsr-3721	142	7	following	follow	VERB
fsr-3721	142	8	assumptions	assumption	NOUN
fsr-3721	142	9	:	:	PUNCT
fsr-3721	143	1	1	1	X
fsr-3721	143	2	.	.	X
fsr-3721	143	3	the	the	DET
fsr-3721	143	4	real	real	ADJ
fsr-3721	143	5	interest	interest	NOUN
fsr-3721	143	6	rate	rate	NOUN
fsr-3721	143	7	on	on	ADP
fsr-3721	143	8	loans	loan	NOUN
fsr-3721	143	9	=	=	SYM
fsr-3721	143	10	14.095	14.095	NUM
fsr-3721	143	11	%	%	NOUN
fsr-3721	143	12	(	(	PUNCT
fsr-3721	143	13	e.g.	e.g.	ADJ
fsr-3721	143	14	,	,	PUNCT
fsr-3721	143	15	nominal	nominal	ADJ
fsr-3721	143	16	rate	rate	NOUN
fsr-3721	143	17	of	of	ADP
fsr-3721	143	18	19.8	19.8	NUM
fsr-3721	143	19	%	%	NOUN
fsr-3721	143	20	with	with	ADP
fsr-3721	143	21	5	5	NUM
fsr-3721	143	22	%	%	NOUN
fsr-3721	143	23	inflation	inflation	NOUN
fsr-3721	143	24	.	.	PUNCT
fsr-3721	143	25	)	)	PUNCT
fsr-3721	144	1	2	2	X
fsr-3721	144	2	.	.	PUNCT
fsr-3721	144	3	the	the	DET
fsr-3721	144	4	real	real	ADJ
fsr-3721	144	5	,	,	PUNCT
fsr-3721	144	6	after	after	ADP
fsr-3721	144	7	tax	tax	NOUN
fsr-3721	144	8	interest	interest	NOUN
fsr-3721	144	9	rate	rate	NOUN
fsr-3721	144	10	on	on	ADP
fsr-3721	144	11	savings	saving	NOUN
fsr-3721	144	12	=	=	SYM
fsr-3721	144	13	1	1	NUM
fsr-3721	144	14	%	%	NOUN
fsr-3721	144	15	(	(	PUNCT
fsr-3721	144	16	e.g.	e.g.	ADJ
fsr-3721	144	17	,	,	PUNCT
fsr-3721	144	18	nominal	nominal	ADJ
fsr-3721	144	19	interest	interest	NOUN
fsr-3721	144	20	rate	rate	NOUN
fsr-3721	144	21	of	of	ADP
fsr-3721	144	22	8.4	8.4	NUM
fsr-3721	144	23	%	%	NOUN
fsr-3721	144	24	,	,	PUNCT
fsr-3721	144	25	subject	subject	ADJ
fsr-3721	144	26	to	to	ADP
fsr-3721	144	27	28	28	NUM
fsr-3721	144	28	%	%	NOUN
fsr-3721	144	29	tax	tax	NOUN
fsr-3721	144	30	rate	rate	NOUN
fsr-3721	144	31	and	and	CCONJ
fsr-3721	144	32	5	5	NUM
fsr-3721	144	33	%	%	NOUN
fsr-3721	144	34	inflation	inflation	NOUN
fsr-3721	144	35	.	.	PUNCT
fsr-3721	144	36	)	)	PUNCT
fsr-3721	145	1	3	3	X
fsr-3721	145	2	.	.	PUNCT
fsr-3721	145	3	expected	expect	VERB
fsr-3721	145	4	utility	utility	NOUN
fsr-3721	145	5	from	from	ADP
fsr-3721	145	6	all	all	DET
fsr-3721	145	7	possible	possible	ADJ
fsr-3721	145	8	borrowing	borrowing	NOUN
fsr-3721	145	9	levels	level	NOUN
fsr-3721	145	10	(	(	PUNCT
fsr-3721	145	11	at	at	ADP
fsr-3721	145	12	14.095	14.095	NUM
fsr-3721	145	13	%	%	NOUN
fsr-3721	145	14	)	)	PUNCT
fsr-3721	145	15	is	be	AUX
fsr-3721	145	16	com	com	NOUN
fsr-3721	145	17	pared	pare	VERB
fsr-3721	145	18	to	to	ADP
fsr-3721	145	19	expected	expect	VERB
fsr-3721	145	20	utility	utility	NOUN
fsr-3721	145	21	from	from	ADP
fsr-3721	145	22	all	all	DET
fsr-3721	145	23	possible	possible	ADJ
fsr-3721	145	24	saving	saving	NOUN
fsr-3721	145	25	levels	level	NOUN
fsr-3721	145	26	(	(	PUNCT
fsr-3721	145	27	at	at	ADP
fsr-3721	145	28	1	1	NUM
fsr-3721	145	29	%	%	NOUN
fsr-3721	145	30	)	)	PUNCT
fsr-3721	145	31	and	and	CCONJ
fsr-3721	145	32	optimal	optimal	ADJ
fsr-3721	145	33	saving	saving	NOUN
fsr-3721	145	34	/	/	SYM
fsr-3721	145	35	borrowing	borrowing	NOUN
fsr-3721	145	36	is	be	AUX
fsr-3721	145	37	that	that	SCONJ
fsr-3721	145	38	which	which	PRON
fsr-3721	145	39	produces	produce	VERB
fsr-3721	145	40	highest	high	ADJ
fsr-3721	145	41	expected	expect	VERB
fsr-3721	145	42	utility	utility	NOUN
fsr-3721	145	43	.	.	PUNCT
fsr-3721	146	1	4	4	X
fsr-3721	146	2	.	.	X
fsr-3721	146	3	the	the	DET
fsr-3721	146	4	personal	personal	ADJ
fsr-3721	146	5	discount	discount	NOUN
fsr-3721	146	6	rate	rate	NOUN
fsr-3721	146	7	,	,	PUNCT
fsr-3721	146	8	p	p	X
fsr-3721	146	9	,	,	PUNCT
fsr-3721	146	10	is	be	AUX
fsr-3721	146	11	zero	zero	NUM
fsr-3721	146	12	.	.	PUNCT
fsr-3721	146	13	figure	figure	NOUN
fsr-3721	146	14	1	1	NUM
fsr-3721	146	15	shows	show	VERB
fsr-3721	146	16	the	the	DET
fsr-3721	146	17	relationship	relationship	NOUN
fsr-3721	146	18	between	between	ADP
fsr-3721	146	19	the	the	DET
fsr-3721	146	20	optimal	optimal	ADJ
fsr-3721	146	21	ratio	ratio	NOUN
fsr-3721	146	22	of	of	ADP
fsr-3721	146	23	amount	amount	NOUN
fsr-3721	146	24	saved	save	VERB
fsr-3721	146	25	in	in	ADP
fsr-3721	146	26	year	year	NOUN
fsr-3721	146	27	1	1	NUM
fsr-3721	146	28	to	to	ADP
fsr-3721	146	29	year	year	NOUN
fsr-3721	146	30	1	1	NUM
fsr-3721	146	31	income	income	NOUN
fsr-3721	146	32	and	and	CCONJ
fsr-3721	146	33	the	the	DET
fsr-3721	146	34	rate	rate	NOUN
fsr-3721	146	35	of	of	ADP
fsr-3721	146	36	increase	increase	NOUN
fsr-3721	146	37	of	of	ADP
fsr-3721	146	38	real	real	ADJ
fsr-3721	146	39	income	income	NOUN
fsr-3721	146	40	,	,	PUNCT
fsr-3721	146	41	for	for	ADP
fsr-3721	146	42	three	three	NUM
fsr-3721	146	43	probabilities	probability	NOUN
fsr-3721	146	44	{	{	PUNCT
fsr-3721	146	45	50	50	NUM
fsr-3721	146	46	%	%	NOUN
fsr-3721	146	47	,	,	PUNCT
fsr-3721	146	48	95	95	NUM
fsr-3721	146	49	%	%	NOUN
fsr-3721	146	50	and	and	CCONJ
fsr-3721	146	51	100	100	NUM
fsr-3721	146	52	%	%	NOUN
fsr-3721	146	53	)	)	PUNCT
fsr-3721	146	54	that	that	SCONJ
fsr-3721	146	55	income	income	NOUN
fsr-3721	146	56	will	will	AUX
fsr-3721	146	57	increase	increase	VERB
fsr-3721	146	58	,	,	PUNCT
fsr-3721	146	59	each	each	PRON
fsr-3721	146	60	for	for	ADP
fsr-3721	146	61	two	two	NUM
fsr-3721	146	62	levels	level	NOUN
fsr-3721	146	63	of	of	ADP
fsr-3721	146	64	relative	relative	ADJ
fsr-3721	146	65	risk	risk	NOUN
fsr-3721	146	66	aversion	aversion	NOUN
fsr-3721	146	67	(	(	PUNCT
fsr-3721	146	68	one	one	NUM
fsr-3721	146	69	and	and	CCONJ
fsr-3721	146	70	six	six	NUM
fsr-3721	146	71	)	)	PUNCT
fsr-3721	146	72	.	.	PUNCT
fsr-3721	147	1	table	table	NOUN
fsr-3721	147	2	3	3	NUM
fsr-3721	147	3	shows	show	VERB
fsr-3721	147	4	similar	similar	ADJ
fsr-3721	147	5	info	info	NOUN
fsr-3721	147	6	~	~	SYM
fsr-3721	147	7	ation	ation	NOUN
fsr-3721	147	8	,	,	PUNCT
fsr-3721	147	9	except	except	SCONJ
fsr-3721	147	10	expressed	express	VERB
fsr-3721	147	11	as	as	ADP
fsr-3721	147	12	the	the	DET
fsr-3721	147	13	amount	amount	NOUN
fsr-3721	147	14	borrowed	borrow	VERB
fsr-3721	147	15	as	as	ADP
fsr-3721	147	16	a	a	DET
fsr-3721	147	17	percent	percent	NOUN
fsr-3721	147	18	of	of	ADP
fsr-3721	147	19	year	year	NOUN
fsr-3721	147	20	1	1	NUM
fsr-3721	147	21	income	income	NOUN
fsr-3721	147	22	.	.	PUNCT
fsr-3721	148	1	there	there	PRON
fsr-3721	148	2	are	be	VERB
fsr-3721	148	3	threshold	threshold	NOUN
fsr-3721	148	4	levels	level	NOUN
fsr-3721	148	5	of	of	ADP
fsr-3721	148	6	real	real	ADJ
fsr-3721	148	7	income	income	NOUN
fsr-3721	148	8	growth	growth	NOUN
fsr-3721	148	9	for	for	ADP
fsr-3721	148	10	any	any	DET
fsr-3721	148	11	borrowing	borrowing	NOUN
fsr-3721	148	12	to	to	PART
fsr-3721	148	13	be	be	AUX
fsr-3721	148	14	optimal	optimal	ADJ
fsr-3721	148	15	(	(	PUNCT
fsr-3721	148	16	table	table	NOUN
fsr-3721	148	17	4	4	NUM
fsr-3721	148	18	)	)	PUNCT
fsr-3721	148	19	.	.	PUNCT
fsr-3721	149	1	for	for	ADP
fsr-3721	149	2	real	real	ADJ
fsr-3721	149	3	income	income	NOUN
fsr-3721	149	4	growth	growth	NOUN
fsr-3721	149	5	levels	level	NOUN
fsr-3721	149	6	below	below	ADP
fsr-3721	149	7	these	these	DET
fsr-3721	149	8	threshold	threshold	NOUN
fsr-3721	149	9	levels	level	NOUN
fsr-3721	149	10	,	,	PUNCT
fsr-3721	149	11	there	there	PRON
fsr-3721	149	12	is	be	VERB
fsr-3721	149	13	a	a	DET
fsr-3721	149	14	range	range	NOUN
fsr-3721	149	15	of	of	ADP
fsr-3721	149	16	growth	growth	NOUN
fsr-3721	149	17	levels	level	NOUN
fsr-3721	149	18	for	for	ADP
fsr-3721	149	19	which	which	PRON
fsr-3721	149	20	neither	neither	CCONJ
fsr-3721	149	21	borrowing	borrow	VERB
fsr-3721	149	22	nor	nor	CCONJ
fsr-3721	149	23	saving	saving	NOUN
fsr-3721	149	24	is	be	AUX
fsr-3721	149	25	optimal	optimal	ADJ
fsr-3721	149	26	.	.	PUNCT
fsr-3721	150	1	at	at	ADP
fsr-3721	150	2	very	very	ADV
fsr-3721	150	3	low	low	ADJ
fsr-3721	150	4	levels	level	NOUN
fsr-3721	150	5	of	of	ADP
fsr-3721	150	6	growth	growth	NOUN
fsr-3721	150	7	,	,	PUNCT
fsr-3721	150	8	a	a	DET
fsr-3721	150	9	small	small	ADJ
fsr-3721	150	10	amount	amount	NOUN
fsr-3721	150	11	of	of	ADP
fsr-3721	150	12	saving	saving	NOUN
fsr-3721	150	13	is	be	AUX
fsr-3721	150	14	optimal	optimal	ADJ
fsr-3721	150	15	.	.	PUNCT
fsr-3721	151	1	for	for	ADP
fsr-3721	151	2	instance	instance	NOUN
fsr-3721	151	3	,	,	PUNCT
fsr-3721	151	4	for	for	ADP
fsr-3721	151	5	relative	relative	ADJ
fsr-3721	151	6	risk	risk	NOUN
fsr-3721	151	7	aversion	aversion	NOUN
fsr-3721	151	8	of	of	ADP
fsr-3721	151	9	1	1	NUM
fsr-3721	151	10	.o	.o	NOUN
fsr-3721	151	11	,	,	PUNCT
fsr-3721	151	12	if	if	SCONJ
fsr-3721	151	13	the	the	DET
fsr-3721	151	14	consumer	consumer	NOUN
fsr-3721	151	15	is	be	AUX
fsr-3721	151	16	certain	certain	ADJ
fsr-3721	151	17	that	that	SCONJ
fsr-3721	151	18	real	real	ADJ
fsr-3721	151	19	income	income	NOUN
fsr-3721	151	20	will	will	AUX
fsr-3721	151	21	remain	remain	VERB
fsr-3721	151	22	constant	constant	ADJ
fsr-3721	151	23	,	,	PUNCT
fsr-3721	151	24	the	the	DET
fsr-3721	151	25	optimal	optimal	ADJ
fsr-3721	151	26	amount	amount	NOUN
fsr-3721	151	27	to	to	PART
fsr-3721	151	28	save	save	VERB
fsr-3721	151	29	out	out	ADP
fsr-3721	151	30	of	of	ADP
fsr-3721	151	31	year	year	NOUN
fsr-3721	151	32	1	1	NUM
fsr-3721	151	33	income	income	NOUN
fsr-3721	151	34	is	be	AUX
fsr-3721	151	35	0.50	0.50	NUM
fsr-3721	151	36	%	%	NOUN
fsr-3721	151	37	of	of	ADP
fsr-3721	151	38	income	income	NOUN
fsr-3721	151	39	.	.	PUNCT
fsr-3721	152	1	if	if	SCONJ
fsr-3721	152	2	the	the	DET
fsr-3721	152	3	consumer	consumer	NOUN
fsr-3721	152	4	thinks	think	VERB
fsr-3721	152	5	there	there	PRON
fsr-3721	152	6	is	be	VERB
fsr-3721	152	7	a	a	DET
fsr-3721	152	8	50	50	NUM
fsr-3721	152	9	%	%	NOUN
fsr-3721	152	10	chance	chance	NOUN
fsr-3721	152	11	that	that	SCONJ
fsr-3721	152	12	real	real	ADJ
fsr-3721	152	13	income	income	NOUN
fsr-3721	152	14	will	will	AUX
fsr-3721	152	15	increase	increase	VERB
fsr-3721	152	16	by	by	ADP
fsr-3721	152	17	l%	l%	NOUN
fsr-3721	152	18	,	,	PUNCT
fsr-3721	152	19	optimal	optimal	ADJ
fsr-3721	152	20	saving	saving	NOUN
fsr-3721	152	21	will	will	AUX
fsr-3721	152	22	be	be	AUX
fsr-3721	152	23	0.25	0.25	NUM
fsr-3721	152	24	%	%	NOUN
fsr-3721	152	25	of	of	ADP
fsr-3721	152	26	income	income	NOUN
fsr-3721	152	27	for	for	ADP
fsr-3721	152	28	relative	relative	ADJ
fsr-3721	152	29	risk	risk	NOUN
fsr-3721	152	30	aversion	aversion	NOUN
fsr-3721	152	31	of	of	ADP
fsr-3721	152	32	1	1	NUM
fsr-3721	152	33	.o	.o	NOUN
fsr-3721	152	34	but	but	CCONJ
fsr-3721	152	35	0.0	0.0	NUM
fsr-3721	152	36	%	%	NOUN
fsr-3721	152	37	for	for	ADP
fsr-3721	152	38	relative	relative	ADJ
fsr-3721	152	39	risk	risk	NOUN
fsr-3721	152	40	aversion	aversion	NOUN
fsr-3721	152	41	level	level	NOUN
fsr-3721	152	42	of	of	ADP
fsr-3721	152	43	6.0	6.0	NUM
fsr-3721	152	44	.	.	PUNCT
fsr-3721	153	1	54	54	NUM
fsr-3721	153	2	ftnancial	ftnancial	ADJ
fsr-3721	153	3	services	service	NOUN
fsr-3721	153	4	revxeiw	revxeiw	NOUN
fsr-3721	153	5	,	,	PUNCT
fsr-3721	153	6	3(l	3(l	NUM
fsr-3721	153	7	)	)	PUNCT
fsr-3721	153	8	1993	1993	NUM
fsr-3721	153	9	p=60	p=60	ADP
fsr-3721	153	10	%	%	NOUN
fsr-3721	153	11	,	,	PUNCT
fsr-3721	153	12	x=6	x=6	PROPN
fsr-3721	154	1	--‘--.~r~~**~	--‘--.~r~~**~	NUM
fsr-3721	154	2	....	....	PUNCT
fsr-3721	154	3	*“	*“	NOUN
fsr-3721	154	4	.....	.....	PUNCT
fsr-3721	154	5	~~.~*,	~~.~*,	NOUN
fsr-3721	154	6	....	....	PROPN
fsr-3721	154	7	*	*	PUNCT
fsr-3721	154	8	..	..	PUNCT
fsr-3721	154	9	~.*	~.*	X
fsr-3721	154	10	...	...	PUNCT
fsr-3721	154	11	*	*	PUNCT
fsr-3721	154	12	....	....	PUNCT
fsr-3721	154	13	**	**	X
fsr-3721	154	14	......	......	PUNCT
fsr-3721	155	1	~~**~~.~~~~~~~*~*~	~~**~~.~~~~~~~*~*~	NUM
fsr-3721	155	2	*	*	PUNCT
fsr-3721	155	3	------	------	PUNCT
fsr-3721	156	1	_	_	PUNCT
fsr-3721	157	1	_	_	PUNCT
fsr-3721	158	1	_	_	PUNCT
fsr-3721	159	1	_	_	PUNCT
fsr-3721	160	1	---_----._--	---_----._--	PUNCT
fsr-3721	160	2	_	_	PUNCT
fsr-3721	161	1	_	_	PUNCT
fsr-3721	162	1	_	_	PUNCT
fsr-3721	163	1	_	_	PUNCT
fsr-3721	163	2	.	.	PUNCT
fsr-3721	164	1	_	_	PUNCT
fsr-3721	165	1	_	_	PUNCT
fsr-3721	166	1	_	_	PUNCT
fsr-3721	167	1	_	_	PUNCT
fsr-3721	168	1	_	_	PUNCT
fsr-3721	169	1	_	_	PUNCT
fsr-3721	170	1	_	_	PUNCT
fsr-3721	171	1	_	_	PUNCT
fsr-3721	171	2	_	_	PUNCT
fsr-3721	172	1	p=50	p=50	ADJ
fsr-3721	172	2	%	%	INTJ
fsr-3721	172	3	,	,	PUNCT
fsr-3721	172	4	x=1	x=1	PUNCT
fsr-3721	173	1	-0	-0	INTJ
fsr-3721	173	2	%	%	INTJ
fsr-3721	173	3	.	.	PUNCT
fsr-3721	174	1	-5	-5	PUNCT
fsr-3721	174	2	%	%	NOUN
fsr-3721	174	3	e	e	NOUN
fsr-3721	174	4	8	8	NUM
fsr-3721	174	5	-10	-10	NUM
fsr-3721	174	6	%	%	NOUN
fsr-3721	174	7	+	+	CCONJ
fsr-3721	174	8	5	5	NUM
fsr-3721	174	9	-15	-15	NUM
fsr-3721	174	10	%	%	NOUN
fsr-3721	174	11	f	f	X
fsr-3721	174	12	“	"	PUNCT
fsr-3721	174	13	0	0	NUM
fsr-3721	174	14	-20	-20	NUM
fsr-3721	174	15	%	%	NOUN
fsr-3721	174	16	8	8	NUM
fsr-3721	174	17	\	\	NOUN
fsr-3721	174	18	s	s	PART
fsr-3721	174	19	-25	-25	NOUN
fsr-3721	174	20	%	%	NOUN
fsr-3721	174	21	p	p	NOUN
fsr-3721	174	22	‘	'	PUNCT
fsr-3721	174	23	g	g	PROPN
fsr-3721	174	24	-30	-30	NUM
fsr-3721	174	25	%	%	NOUN
fsr-3721	174	26	2	2	NUM
fsr-3721	174	27	-35	-35	NOUN
fsr-3721	174	28	%	%	NOUN
fsr-3721	174	29	h	h	NOUN
fsr-3721	174	30	0	0	NUM
fsr-3721	174	31	-40	-40	NUM
fsr-3721	174	32	%	%	NOUN
fsr-3721	174	33	‘	'	PUNCT
fsr-3721	174	34	\	\	PROPN
fsr-3721	174	35	45	45	NUM
fsr-3721	174	36	%	%	NOUN
fsr-3721	174	37	(	(	PUNCT
fsr-3721	174	38	relative	relative	ADJ
fsr-3721	174	39	risk	risk	NOUN
fsr-3721	174	40	aversion	aversion	NOUN
fsr-3721	174	41	denoted	denote	VERB
fsr-3721	174	42	by	by	ADP
fsr-3721	174	43	x	x	NOUN
fsr-3721	174	44	)	)	PUNCT
fsr-3721	174	45	\	\	PUNCT
fsr-3721	175	1	_	_	PUNCT
fsr-3721	175	2	50	50	NUM
fsr-3721	175	3	%	%	NOUN
fsr-3721	175	4	(	(	PUNCT
fsr-3721	175	5	probability	probability	NOUN
fsr-3721	175	6	that	that	SCONJ
fsr-3721	175	7	real	real	ADJ
fsr-3721	175	8	income	income	NOUN
fsr-3721	175	9	increases	increase	NOUN
fsr-3721	175	10	denoted	denote	VERB
fsr-3721	175	11	by	by	ADP
fsr-3721	175	12	p	p	NOUN
fsr-3721	175	13	)	)	PUNCT
fsr-3721	175	14	0	0	NUM
fsr-3721	175	15	%	%	NOUN
fsr-3721	175	16	20	20	NUM
fsr-3721	175	17	%	%	NOUN
fsr-3721	175	18	40	40	NUM
fsr-3721	175	19	%	%	NOUN
fsr-3721	175	20	60	60	NUM
fsr-3721	175	21	%	%	NOUN
fsr-3721	175	22	60	60	NUM
fsr-3721	175	23	%	%	NOUN
fsr-3721	175	24	100	100	NUM
fsr-3721	175	25	%	%	NOUN
fsr-3721	175	26	real	real	ADJ
fsr-3721	175	27	growth	growth	NOUN
fsr-3721	175	28	(	(	PUNCT
fsr-3721	175	29	if	if	SCONJ
fsr-3721	175	30	real	real	ADJ
fsr-3721	175	31	income	income	NOUN
fsr-3721	175	32	increases	increase	NOUN
fsr-3721	175	33	)	)	PUNCT
fsr-3721	175	34	figure	figure	NOUN
fsr-3721	175	35	1	1	NUM
fsr-3721	175	36	.	.	PUNCT
fsr-3721	175	37	optimal	optimal	ADJ
fsr-3721	175	38	savings	saving	NOUN
fsr-3721	175	39	(	(	PUNCT
fsr-3721	175	40	borrowing	borrowing	NOUN
fsr-3721	175	41	)	)	PUNCT
fsr-3721	175	42	as	as	ADP
fsr-3721	175	43	%	%	NOUN
fsr-3721	175	44	of	of	ADP
fsr-3721	175	45	income	income	NOUN
fsr-3721	175	46	,	,	PUNCT
fsr-3721	175	47	by	by	ADP
fsr-3721	175	48	growth	growth	NOUN
fsr-3721	175	49	rate	rate	NOUN
fsr-3721	175	50	,	,	PUNCT
fsr-3721	175	51	probably	probably	ADV
fsr-3721	175	52	and	and	CCONJ
fsr-3721	175	53	risk	risk	VERB
fsr-3721	175	54	aversion	aversion	NOUN
fsr-3721	175	55	in	in	ADP
fsr-3721	175	56	the	the	DET
fsr-3721	175	57	cases	case	NOUN
fsr-3721	175	58	of	of	ADP
fsr-3721	175	59	certainty	certainty	NOUN
fsr-3721	175	60	,	,	PUNCT
fsr-3721	175	61	there	there	PRON
fsr-3721	175	62	is	be	VERB
fsr-3721	175	63	a	a	DET
fsr-3721	175	64	virtually	virtually	ADV
fsr-3721	175	65	linear	linear	ADJ
fsr-3721	175	66	increase	increase	NOUN
fsr-3721	175	67	in	in	ADP
fsr-3721	175	68	the	the	DET
fsr-3721	175	69	optimal	optimal	ADJ
fsr-3721	175	70	amount	amount	NOUN
fsr-3721	175	71	to	to	PART
fsr-3721	175	72	borrow	borrow	VERB
fsr-3721	175	73	as	as	ADP
fsr-3721	175	74	g	g	NOUN
fsr-3721	175	75	increases	increase	NOUN
fsr-3721	175	76	.	.	PUNCT
fsr-3721	176	1	with	with	ADP
fsr-3721	176	2	x	x	SYM
fsr-3721	176	3	=	=	SYM
fsr-3721	176	4	6.0	6.0	NUM
fsr-3721	176	5	,	,	PUNCT
fsr-3721	176	6	some	some	DET
fsr-3721	176	7	borrowing	borrowing	NOUN
fsr-3721	176	8	is	be	AUX
fsr-3721	176	9	optimal	optimal	ADJ
fsr-3721	176	10	even	even	ADV
fsr-3721	176	11	if	if	SCONJ
fsr-3721	176	12	the	the	DET
fsr-3721	176	13	growth	growth	NOUN
fsr-3721	176	14	rate	rate	NOUN
fsr-3721	176	15	is	be	AUX
fsr-3721	176	16	only	only	ADV
fsr-3721	176	17	5	5	NUM
fsr-3721	176	18	%	%	NOUN
fsr-3721	176	19	.	.	PUNCT
fsr-3721	177	1	with	with	ADP
fsr-3721	177	2	x	x	X
fsr-3721	177	3	=	=	SYM
fsr-3721	177	4	1.0	1.0	NUM
fsr-3721	177	5	,	,	PUNCT
fsr-3721	177	6	the	the	DET
fsr-3721	177	7	growth	growth	NOUN
fsr-3721	177	8	rate	rate	NOUN
fsr-3721	177	9	must	must	AUX
fsr-3721	177	10	equal	equal	VERB
fsr-3721	177	11	20	20	NUM
fsr-3721	177	12	%	%	NOUN
fsr-3721	177	13	for	for	ADP
fsr-3721	177	14	borrowing	borrowing	NOUN
fsr-3721	177	15	to	to	PART
fsr-3721	177	16	be	be	AUX
fsr-3721	177	17	optimal	optimal	ADJ
fsr-3721	177	18	.	.	PUNCT
fsr-3721	178	1	if	if	SCONJ
fsr-3721	178	2	the	the	DET
fsr-3721	178	3	consumer	consumer	NOUN
fsr-3721	178	4	is	be	AUX
fsr-3721	178	5	95	95	NUM
fsr-3721	178	6	%	%	NOUN
fsr-3721	178	7	sure	sure	ADJ
fsr-3721	178	8	that	that	SCONJ
fsr-3721	178	9	real	real	ADJ
fsr-3721	178	10	income	income	NOUN
fsr-3721	178	11	will	will	AUX
fsr-3721	178	12	increase	increase	VERB
fsr-3721	178	13	,	,	PUNCT
fsr-3721	178	14	the	the	DET
fsr-3721	178	15	pattern	pattern	NOUN
fsr-3721	178	16	is	be	AUX
fsr-3721	178	17	almost	almost	ADV
fsr-3721	178	18	the	the	DET
fsr-3721	178	19	same	same	ADJ
fsr-3721	178	20	as	as	ADP
fsr-3721	178	21	certainty	certainty	NOUN
fsr-3721	178	22	if	if	SCONJ
fsr-3721	178	23	x	x	PROPN
fsr-3721	178	24	=	=	NOUN
fsr-3721	178	25	1	1	NUM
fsr-3721	178	26	.o	.o	NOUN
fsr-3721	178	27	,	,	PUNCT
fsr-3721	178	28	but	but	CCONJ
fsr-3721	178	29	the	the	DET
fsr-3721	178	30	pattern	pattern	NOUN
fsr-3721	178	31	is	be	AUX
fsr-3721	178	32	very	very	ADV
fsr-3721	178	33	different	different	ADJ
fsr-3721	178	34	ifx	ifx	NOUN
fsr-3721	178	35	=	=	PROPN
fsr-3721	178	36	6.0	6.0	NUM
fsr-3721	178	37	,	,	PUNCT
fsr-3721	178	38	with	with	ADP
fsr-3721	178	39	optimal	optimal	ADJ
fsr-3721	178	40	borrowing	borrowing	NOUN
fsr-3721	178	41	at	at	ADP
fsr-3721	178	42	g	g	NOUN
fsr-3721	178	43	=	=	SYM
fsr-3721	178	44	100	100	NUM
fsr-3721	178	45	%	%	NOUN
fsr-3721	178	46	forp	forp	PROPN
fsr-3721	179	1	=	=	SYM
fsr-3721	179	2	95	95	NUM
fsr-3721	179	3	%	%	NOUN
fsr-3721	179	4	,	,	PUNCT
fsr-3721	179	5	less	less	ADJ
fsr-3721	179	6	than	than	ADP
fsr-3721	179	7	half	half	DET
fsr-3721	179	8	the	the	DET
fsr-3721	179	9	amount	amount	NOUN
fsr-3721	179	10	table	table	NOUN
fsr-3721	179	11	3	3	NUM
fsr-3721	179	12	.	.	X
fsr-3721	179	13	optimal	optimal	ADJ
fsr-3721	179	14	amount	amount	NOUN
fsr-3721	179	15	to	to	PART
fsr-3721	179	16	borrow	borrow	VERB
fsr-3721	179	17	,	,	PUNCT
fsr-3721	179	18	as	as	ADP
fsr-3721	179	19	percent	percent	NOUN
fsr-3721	179	20	of	of	ADP
fsr-3721	179	21	year	year	NOUN
fsr-3721	179	22	1	1	NUM
fsr-3721	179	23	income	income	NOUN
fsr-3721	179	24	,	,	PUNCT
fsr-3721	179	25	by	by	ADP
fsr-3721	179	26	growth	growth	NOUN
fsr-3721	179	27	rate(g	rate(g	NOUN
fsr-3721	179	28	)	)	PUNCT
fsr-3721	179	29	,	,	PUNCT
fsr-3721	179	30	relative	relative	ADJ
fsr-3721	179	31	risk	risk	NOUN
fsr-3721	179	32	aversion	aversion	NOUN
fsr-3721	179	33	(	(	PUNCT
fsr-3721	179	34	x	x	NOUN
fsr-3721	179	35	)	)	PUNCT
fsr-3721	179	36	and	and	CCONJ
fsr-3721	179	37	probability	probability	NOUN
fsr-3721	179	38	that	that	SCONJ
fsr-3721	179	39	income	income	NOUN
fsr-3721	179	40	increases	increase	VERB
fsr-3721	179	41	growth	growth	NOUN
fsr-3721	179	42	rate	rate	NOUN
fsr-3721	179	43	10	10	NUM
fsr-3721	179	44	%	%	NOUN
fsr-3721	179	45	20	20	NUM
fsr-3721	179	46	%	%	NOUN
fsr-3721	179	47	30	30	NUM
fsr-3721	179	48	%	%	NOUN
fsr-3721	179	49	40	40	NUM
fsr-3721	179	50	%	%	NOUN
fsr-3721	179	51	50	50	NUM
fsr-3721	179	52	%	%	NOUN
fsr-3721	179	53	60	60	NUM
fsr-3721	179	54	%	%	NOUN
fsr-3721	179	55	70	70	NUM
fsr-3721	179	56	%	%	NOUN
fsr-3721	179	57	80	80	NUM
fsr-3721	179	58	%	%	NOUN
fsr-3721	179	59	90	90	NUM
fsr-3721	179	60	%	%	NOUN
fsr-3721	179	61	1@3	1@3	NUM
fsr-3721	179	62	%	%	NOUN
fsr-3721	179	63	x=1	x=1	PUNCT
fsr-3721	179	64	x=6	x=6	PUNCT
fsr-3721	180	1	p=50	p=50	VERB
fsr-3721	180	2	%	%	NOUN
fsr-3721	180	3	0.00	0.00	NUM
fsr-3721	180	4	%	%	NOUN
fsr-3721	180	5	0.00	0.00	NUM
fsr-3721	180	6	%	%	NOUN
fsr-3721	180	7	0.02	0.02	NUM
fsr-3721	180	8	%	%	NOUN
fsr-3721	180	9	1.60	1.60	NUM
fsr-3721	180	10	%	%	NOUN
fsr-3721	180	11	3.03	3.03	NUM
fsr-3721	180	12	%	%	NOUN
fsr-3721	180	13	4.34	4.34	NUM
fsr-3721	180	14	%	%	NOUN
fsr-3721	180	15	5.52	5.52	NUM
fsr-3721	180	16	%	%	NOUN
fsr-3721	180	17	6.61	6.61	NUM
fsr-3721	180	18	%	%	NOUN
fsr-3721	180	19	7.59	7.59	NUM
fsr-3721	180	20	%	%	NOUN
fsr-3721	180	21	8.49	8.49	NUM
fsr-3721	180	22	%	%	NOUN
fsr-3721	181	1	p	p	X
fsr-3721	181	2	=	=	NOUN
fsr-3721	181	3	ps%	ps%	NOUN
fsr-3721	181	4	0.00	0.00	NUM
fsr-3721	181	5	%	%	NOUN
fsr-3721	181	6	2.57	2.57	NUM
fsr-3721	181	7	%	%	NOUN
fsr-3721	181	8	6.66	6.66	NUM
fsr-3721	181	9	%	%	NOUN
fsr-3721	181	10	10.69	10.69	NUM
fsr-3721	181	11	%	%	NOUN
fsr-3721	181	12	14.65	14.65	NUM
fsr-3721	181	13	%	%	NOUN
fsr-3721	181	14	18.55	18.55	NUM
fsr-3721	181	15	%	%	NOUN
fsr-3721	181	16	22.36	22.36	NUM
fsr-3721	181	17	%	%	NOUN
fsr-3721	181	18	26.01	26.01	NUM
fsr-3721	181	19	%	%	NOUN
fsr-3721	181	20	29.68	29.68	NUM
fsr-3721	181	21	%	%	NOUN
fsr-3721	181	22	33.17	33.17	NUM
fsr-3721	181	23	%	%	NOUN
fsr-3721	181	24	p	p	X
fsr-3721	181	25	=	=	NOUN
fsr-3721	181	26	loo%	loo%	PROPN
fsr-3721	181	27	0.00	0.00	NUM
fsr-3721	181	28	%	%	NOUN
fsr-3721	181	29	3.10	3.10	NUM
fsr-3721	181	30	%	%	NOUN
fsr-3721	181	31	7.52	7.52	NUM
fsr-3721	181	32	%	%	NOUN
fsr-3721	181	33	11.95	11.95	NUM
fsr-3721	181	34	%	%	NOUN
fsr-3721	181	35	16.37	16.37	NUM
fsr-3721	181	36	%	%	NOUN
fsr-3721	181	37	20.80	20.80	NUM
fsr-3721	181	38	%	%	NOUN
fsr-3721	181	39	25.22	25.22	NUM
fsr-3721	181	40	%	%	NOUN
fsr-3721	181	41	29.65	29.65	NUM
fsr-3721	181	42	%	%	NOUN
fsr-3721	181	43	34.07	34.07	NUM
fsr-3721	181	44	%	%	NOUN
fsr-3721	181	45	38.50	38.50	NUM
fsr-3721	181	46	%	%	NOUN
fsr-3721	181	47	p=50	p=50	ADJ
fsr-3721	181	48	%	%	NOUN
fsr-3721	181	49	0.98	0.98	NUM
fsr-3721	181	50	%	%	NOUN
fsr-3721	181	51	2.25	2.25	NUM
fsr-3721	181	52	%	%	NOUN
fsr-3721	181	53	3.05	3.05	NUM
fsr-3721	181	54	%	%	NOUN
fsr-3721	181	55	3.54	3.54	NUM
fsr-3721	181	56	%	%	NOUN
fsr-3721	181	57	3.85	3.85	NUM
fsr-3721	181	58	%	%	NOUN
fsr-3721	181	59	4.05	4.05	NUM
fsr-3721	181	60	%	%	NOUN
fsr-3721	181	61	4.17	4.17	NUM
fsr-3721	181	62	%	%	NOUN
fsr-3721	181	63	4.25	4.25	NUM
fsr-3721	181	64	%	%	NOUN
fsr-3721	181	65	4.31	4.31	NUM
fsr-3721	181	66	%	%	NOUN
fsr-3721	181	67	4.35	4.35	NUM
fsr-3721	181	68	%	%	NOUN
fsr-3721	181	69	p=95	p=95	NOUN
fsr-3721	181	70	%	%	NOUN
fsr-3721	181	71	3.37	3.37	NUM
fsr-3721	181	72	%	%	NOUN
fsr-3721	181	73	7.42	7.42	NUM
fsr-3721	181	74	%	%	NOUN
fsr-3721	181	75	11.05	11.05	NUM
fsr-3721	181	76	%	%	NOUN
fsr-3721	181	77	14.08	14.08	NUM
fsr-3721	181	78	%	%	NOUN
fsr-3721	181	79	16.42	16.42	NUM
fsr-3721	181	80	%	%	NOUN
fsr-3721	182	1	la.1096	la.1096	PROPN
fsr-3721	182	2	19.26	19.26	NUM
fsr-3721	182	3	%	%	NOUN
fsr-3721	182	4	20.04	20.04	NUM
fsr-3721	182	5	%	%	NOUN
fsr-3721	182	6	20.55	20.55	NUM
fsr-3721	182	7	%	%	NOUN
fsr-3721	182	8	20.90	20.90	NUM
fsr-3721	182	9	%	%	NOUN
fsr-3721	182	10	p	p	X
fsr-3721	182	11	=	=	PROPN
fsr-3721	182	12	ioo%	ioo%	ADJ
fsr-3721	182	13	3.69	3.69	NUM
fsr-3721	182	14	%	%	NOUN
fsr-3721	182	15	8.34	8.34	NUM
fsr-3721	182	16	%	%	NOUN
fsr-3721	182	17	12.99	12.99	NUM
fsr-3721	182	18	%	%	NOUN
fsr-3721	182	19	17.64	17.64	NUM
fsr-3721	182	20	%	%	NOUN
fsr-3721	182	21	22.29	22.29	NUM
fsr-3721	182	22	%	%	NOUN
fsr-3721	182	23	26.94	26.94	NUM
fsr-3721	182	24	%	%	NOUN
fsr-3721	182	25	31.59	31.59	NUM
fsr-3721	182	26	%	%	NOUN
fsr-3721	182	27	36.24	36.24	NUM
fsr-3721	182	28	%	%	NOUN
fsr-3721	182	29	40.89	40.89	NUM
fsr-3721	182	30	%	%	NOUN
fsr-3721	182	31	45.54	45.54	NUM
fsr-3721	182	32	%	%	NOUN
fsr-3721	182	33	real	real	ADJ
fsr-3721	182	34	income	income	NOUN
fsr-3721	182	35	growth	growth	NOUN
fsr-3721	182	36	and	and	CCONJ
fsr-3721	182	37	optimal	optimal	ADJ
fsr-3721	182	38	credit	credit	NOUN
fsr-3721	182	39	use	use	NOUN
fsr-3721	182	40	table	table	NOUN
fsr-3721	182	41	4	4	NUM
fsr-3721	182	42	.	.	PUNCT
fsr-3721	182	43	minimum	minimum	ADJ
fsr-3721	182	44	growth	growth	NOUN
fsr-3721	182	45	rate	rate	NOUN
fsr-3721	182	46	needed	need	VERB
fsr-3721	182	47	for	for	ADP
fsr-3721	182	48	borrowing	borrow	VERB
fsr-3721	182	49	to	to	PART
fsr-3721	182	50	be	be	AUX
fsr-3721	182	51	optimal	optimal	ADJ
fsr-3721	182	52	,	,	PUNCT
fsr-3721	182	53	by	by	ADP
fsr-3721	182	54	relative	relative	ADJ
fsr-3721	182	55	risk	risk	NOUN
fsr-3721	182	56	aversion(x	aversion(x	PROPN
fsr-3721	182	57	)	)	PUNCT
fsr-3721	182	58	and	and	CCONJ
fsr-3721	182	59	probability	probability	NOUN
fsr-3721	182	60	that	that	SCONJ
fsr-3721	182	61	income	income	NOUN
fsr-3721	182	62	increases	increase	VERB
fsr-3721	182	63	probability	probability	NOUN
fsr-3721	182	64	x=1	x=1	PUNCT
fsr-3721	182	65	x=6	x=6	NUM
fsr-3721	183	1	50	50	NUM
fsr-3721	183	2	%	%	NOUN
fsr-3721	183	3	30	30	NUM
fsr-3721	183	4	%	%	NOUN
fsr-3721	183	5	5	5	NUM
fsr-3721	183	6	%	%	NOUN
fsr-3721	183	7	95	95	NUM
fsr-3721	183	8	%	%	NOUN
fsr-3721	183	9	14	14	NUM
fsr-3721	183	10	%	%	NOUN
fsr-3721	183	11	3	3	NUM
fsr-3721	183	12	%	%	NOUN
fsr-3721	183	13	100	100	NUM
fsr-3721	183	14	%	%	NOUN
fsr-3721	183	15	14	14	NUM
fsr-3721	183	16	%	%	NOUN
fsr-3721	183	17	3	3	NUM
fsr-3721	183	18	%	%	NOUN
fsr-3721	183	19	for	for	ADP
fsr-3721	183	20	p	p	NOUN
fsr-3721	183	21	=	=	PROPN
fsr-3721	183	22	100	100	NUM
fsr-3721	183	23	%	%	NOUN
fsr-3721	183	24	.	.	PUNCT
fsr-3721	184	1	if	if	SCONJ
fsr-3721	184	2	there	there	PRON
fsr-3721	184	3	is	be	VERB
fsr-3721	184	4	a	a	DET
fsr-3721	184	5	50	50	NUM
fsr-3721	184	6	%	%	NOUN
fsr-3721	184	7	chance	chance	NOUN
fsr-3721	184	8	that	that	SCONJ
fsr-3721	184	9	real	real	ADJ
fsr-3721	184	10	income	income	NOUN
fsr-3721	184	11	will	will	AUX
fsr-3721	184	12	increase	increase	VERB
fsr-3721	184	13	,	,	PUNCT
fsr-3721	184	14	borrowing	borrowing	NOUN
fsr-3721	184	15	is	be	AUX
fsr-3721	184	16	not	not	PART
fsr-3721	184	17	optimal	optimal	ADJ
fsr-3721	184	18	for	for	ADP
fsr-3721	184	19	x	x	SYM
fsr-3721	184	20	=	=	SYM
fsr-3721	184	21	1.0	1.0	NUM
fsr-3721	184	22	unless	unless	SCONJ
fsr-3721	184	23	growth	growth	NOUN
fsr-3721	184	24	of	of	ADP
fsr-3721	184	25	35	35	NUM
fsr-3721	184	26	%	%	NOUN
fsr-3721	184	27	or	or	CCONJ
fsr-3721	184	28	more	more	ADJ
fsr-3721	184	29	is	be	AUX
fsr-3721	184	30	expected	expect	VERB
fsr-3721	184	31	;	;	PUNCT
fsr-3721	184	32	while	while	SCONJ
fsr-3721	184	33	with	with	ADP
fsr-3721	184	34	x	x	SYM
fsr-3721	184	35	=	=	SYM
fsr-3721	184	36	6.0	6.0	NUM
fsr-3721	184	37	,	,	PUNCT
fsr-3721	184	38	some	some	DET
fsr-3721	184	39	borrowing	borrowing	NOUN
fsr-3721	184	40	is	be	AUX
fsr-3721	184	41	optimal	optimal	ADJ
fsr-3721	184	42	even	even	ADV
fsr-3721	184	43	for	for	ADP
fsr-3721	184	44	growth	growth	NOUN
fsr-3721	184	45	of	of	ADP
fsr-3721	184	46	5	5	NUM
fsr-3721	184	47	%	%	NOUN
fsr-3721	184	48	,	,	PUNCT
fsr-3721	184	49	but	but	CCONJ
fsr-3721	184	50	the	the	DET
fsr-3721	184	51	amount	amount	NOUN
fsr-3721	184	52	is	be	AUX
fsr-3721	184	53	limited	limited	ADJ
fsr-3721	184	54	.	.	PUNCT
fsr-3721	185	1	a	a	DET
fsr-3721	185	2	consumer	consumer	NOUN
fsr-3721	185	3	expecting	expect	VERB
fsr-3721	185	4	a	a	DET
fsr-3721	185	5	high	high	ADJ
fsr-3721	185	6	probability	probability	NOUN
fsr-3721	185	7	of	of	ADP
fsr-3721	185	8	a	a	DET
fsr-3721	185	9	substantial	substantial	ADJ
fsr-3721	185	10	increase	increase	NOUN
fsr-3721	185	11	in	in	ADP
fsr-3721	185	12	real	real	ADJ
fsr-3721	185	13	income	income	NOUN
fsr-3721	185	14	may	may	AUX
fsr-3721	185	15	rationally	rationally	ADV
fsr-3721	185	16	borrow	borrow	VERB
fsr-3721	185	17	a	a	DET
fsr-3721	185	18	large	large	ADJ
fsr-3721	185	19	amount	amount	NOUN
fsr-3721	185	20	of	of	ADP
fsr-3721	185	21	money	money	NOUN
fsr-3721	185	22	for	for	ADP
fsr-3721	185	23	current	current	ADJ
fsr-3721	185	24	consumption	consumption	NOUN
fsr-3721	185	25	.	.	PUNCT
fsr-3721	186	1	the	the	DET
fsr-3721	186	2	importance	importance	NOUN
fsr-3721	186	3	of	of	ADP
fsr-3721	186	4	a	a	DET
fsr-3721	186	5	correct	correct	ADJ
fsr-3721	186	6	assessment	assessment	NOUN
fsr-3721	186	7	of	of	ADP
fsr-3721	186	8	the	the	DET
fsr-3721	186	9	probability	probability	NOUN
fsr-3721	186	10	of	of	ADP
fsr-3721	186	11	an	an	DET
fsr-3721	186	12	income	income	NOUN
fsr-3721	186	13	increase	increase	NOUN
fsr-3721	186	14	may	may	AUX
fsr-3721	186	15	be	be	AUX
fsr-3721	186	16	seen	see	VERB
fsr-3721	186	17	in	in	ADP
fsr-3721	186	18	figure	figure	NOUN
fsr-3721	186	19	1	1	NUM
fsr-3721	186	20	.	.	PUNCT
fsr-3721	187	1	for	for	ADP
fsr-3721	187	2	any	any	DET
fsr-3721	187	3	particular	particular	ADJ
fsr-3721	187	4	level	level	NOUN
fsr-3721	187	5	of	of	ADP
fsr-3721	187	6	relative	relative	ADJ
fsr-3721	187	7	risk	risk	NOUN
fsr-3721	187	8	aversion	aversion	NOUN
fsr-3721	187	9	,	,	PUNCT
fsr-3721	187	10	optimal	optimal	ADJ
fsr-3721	187	11	borrowing	borrowing	NOUN
fsr-3721	187	12	is	be	AUX
fsr-3721	187	13	substantially	substantially	ADV
fsr-3721	187	14	greater	great	ADJ
fsr-3721	187	15	for	for	ADP
fsr-3721	187	16	higher	high	ADJ
fsr-3721	187	17	probabilities	probability	NOUN
fsr-3721	187	18	.	.	PUNCT
fsr-3721	188	1	note	note	NOUN
fsr-3721	188	2	,	,	PUNCT
fsr-3721	188	3	however	however	ADV
fsr-3721	188	4	,	,	PUNCT
fsr-3721	188	5	that	that	PRON
fsr-3721	188	6	regret	regret	NOUN
fsr-3721	188	7	is	be	AUX
fsr-3721	188	8	not	not	PART
fsr-3721	188	9	assumed	assume	VERB
fsr-3721	188	10	to	to	PART
fsr-3721	188	11	enter	enter	VERB
fsr-3721	188	12	the	the	DET
fsr-3721	188	13	utility	utility	NOUN
fsr-3721	188	14	function	function	NOUN
fsr-3721	188	15	.	.	PUNCT
fsr-3721	189	1	if	if	SCONJ
fsr-3721	189	2	a	a	DET
fsr-3721	189	3	consumer	consumer	NOUN
fsr-3721	189	4	with	with	ADP
fsr-3721	189	5	an	an	DET
fsr-3721	189	6	income	income	NOUN
fsr-3721	189	7	of	of	ADP
fsr-3721	189	8	$	$	SYM
fsr-3721	189	9	40,000	40,000	NUM
fsr-3721	189	10	has	have	VERB
fsr-3721	189	11	a	a	DET
fsr-3721	189	12	relative	relative	ADJ
fsr-3721	189	13	risk	risk	NOUN
fsr-3721	189	14	aversion	aversion	NOUN
fsr-3721	189	15	of	of	ADP
fsr-3721	189	16	six	six	NUM
fsr-3721	189	17	and	and	CCONJ
fsr-3721	189	18	a	a	DET
fsr-3721	189	19	probability	probability	NOUN
fsr-3721	189	20	of	of	ADP
fsr-3721	189	21	95	95	NUM
fsr-3721	189	22	%	%	NOUN
fsr-3721	189	23	that	that	PRON
fsr-3721	189	24	real	real	ADJ
fsr-3721	189	25	income	income	NOUN
fsr-3721	189	26	will	will	AUX
fsr-3721	189	27	increase	increase	VERB
fsr-3721	189	28	by	by	ADP
fsr-3721	189	29	50	50	NUM
fsr-3721	189	30	%	%	NOUN
fsr-3721	189	31	,	,	PUNCT
fsr-3721	189	32	then	then	ADV
fsr-3721	189	33	there	there	PRON
fsr-3721	189	34	is	be	VERB
fsr-3721	189	35	a	a	DET
fsr-3721	189	36	5	5	NUM
fsr-3721	189	37	%	%	NOUN
fsr-3721	189	38	probability	probability	NOUN
fsr-3721	189	39	of	of	ADP
fsr-3721	189	40	having	have	VERB
fsr-3721	189	41	the	the	DET
fsr-3721	189	42	discomfort	discomfort	NOUN
fsr-3721	189	43	of	of	ADP
fsr-3721	189	44	repaying	repay	VERB
fsr-3721	189	45	the	the	DET
fsr-3721	189	46	$	$	SYM
fsr-3721	189	47	5,860	5,860	NUM
fsr-3721	189	48	borrowed	borrow	VERB
fsr-3721	189	49	out	out	ADP
fsr-3721	189	50	of	of	ADP
fsr-3721	189	51	an	an	DET
fsr-3721	189	52	unchanged	unchanged	ADJ
fsr-3721	189	53	income	income	NOUN
fsr-3721	189	54	of	of	ADP
fsr-3721	189	55	$	$	SYM
fsr-3721	189	56	40,000	40,000	NUM
fsr-3721	189	57	.	.	PUNCT
fsr-3721	190	1	this	this	PRON
fsr-3721	190	2	will	will	AUX
fsr-3721	190	3	result	result	VERB
fsr-3721	190	4	in	in	ADP
fsr-3721	190	5	a	a	DET
fsr-3721	190	6	drop	drop	NOUN
fsr-3721	190	7	in	in	ADP
fsr-3721	190	8	real	real	ADJ
fsr-3721	190	9	consumption	consumption	NOUN
fsr-3721	190	10	from	from	ADP
fsr-3721	190	11	$	$	SYM
fsr-3721	190	12	45,860	45,860	NUM
fsr-3721	190	13	in	in	ADP
fsr-3721	190	14	year	year	NOUN
fsr-3721	190	15	1	1	NUM
fsr-3721	190	16	to	to	PART
fsr-3721	190	17	$	$	SYM
fsr-3721	190	18	33,314	33,314	NUM
fsr-3721	190	19	in	in	ADP
fsr-3721	190	20	year	year	NOUN
fsr-3721	190	21	2	2	NUM
fsr-3721	190	22	,	,	PUNCT
fsr-3721	190	23	or	or	CCONJ
fsr-3721	190	24	a	a	DET
fsr-3721	190	25	drop	drop	NOUN
fsr-3721	190	26	of	of	ADP
fsr-3721	190	27	27.4	27.4	NUM
fsr-3721	190	28	%	%	NOUN
fsr-3721	190	29	.	.	PUNCT
fsr-3721	191	1	vi	vi	X
fsr-3721	191	2	.	.	PUNCT
fsr-3721	191	3	extensions	extension	NOUN
fsr-3721	191	4	of	of	ADP
fsr-3721	191	5	the	the	DET
fsr-3721	191	6	model	model	NOUN
fsr-3721	191	7	durable	durable	ADJ
fsr-3721	191	8	goods	good	NOUN
fsr-3721	191	9	the	the	DET
fsr-3721	191	10	analysis	analysis	NOUN
fsr-3721	191	11	presented	present	VERB
fsr-3721	191	12	assumes	assume	VERB
fsr-3721	191	13	that	that	SCONJ
fsr-3721	191	14	all	all	DET
fsr-3721	191	15	spending	spending	NOUN
fsr-3721	191	16	is	be	AUX
fsr-3721	191	17	for	for	ADP
fsr-3721	191	18	current	current	ADJ
fsr-3721	191	19	consumption	consumption	NOUN
fsr-3721	191	20	,	,	PUNCT
fsr-3721	191	21	which	which	PRON
fsr-3721	191	22	may	may	AUX
fsr-3721	191	23	be	be	AUX
fsr-3721	191	24	realistic	realistic	ADJ
fsr-3721	191	25	for	for	ADP
fsr-3721	191	26	a	a	DET
fsr-3721	191	27	consumer	consumer	NOUN
fsr-3721	191	28	who	who	PRON
fsr-3721	191	29	rents	rent	VERB
fsr-3721	191	30	a	a	DET
fsr-3721	191	31	home	home	NOUN
fsr-3721	191	32	and	and	CCONJ
fsr-3721	191	33	leases	lease	VERB
fsr-3721	191	34	automobiles	automobile	NOUN
fsr-3721	191	35	.	.	PUNCT
fsr-3721	192	1	use	use	NOUN
fsr-3721	192	2	of	of	ADP
fsr-3721	192	3	credit	credit	NOUN
fsr-3721	192	4	for	for	ADP
fsr-3721	192	5	some	some	DET
fsr-3721	192	6	types	type	NOUN
fsr-3721	192	7	of	of	ADP
fsr-3721	192	8	durable	durable	ADJ
fsr-3721	192	9	goods	good	NOUN
fsr-3721	192	10	,	,	PUNCT
fsr-3721	192	11	such	such	ADJ
fsr-3721	192	12	as	as	ADP
fsr-3721	192	13	automobiles	automobile	NOUN
fsr-3721	192	14	and	and	CCONJ
fsr-3721	192	15	kitchen	kitchen	NOUN
fsr-3721	192	16	/	/	SYM
fsr-3721	192	17	laun	laun	NOUN
fsr-3721	192	18	dry	dry	ADJ
fsr-3721	192	19	appliances	appliance	NOUN
fsr-3721	192	20	,	,	PUNCT
fsr-3721	192	21	may	may	AUX
fsr-3721	192	22	be	be	AUX
fsr-3721	192	23	rational	rational	ADJ
fsr-3721	192	24	even	even	ADV
fsr-3721	192	25	if	if	SCONJ
fsr-3721	192	26	real	real	ADJ
fsr-3721	192	27	income	income	NOUN
fsr-3721	192	28	is	be	AUX
fsr-3721	192	29	not	not	PART
fsr-3721	192	30	expected	expect	VERB
fsr-3721	192	31	to	to	PART
fsr-3721	192	32	increase	increase	VERB
fsr-3721	192	33	.	.	PUNCT
fsr-3721	193	1	however	however	ADV
fsr-3721	193	2	,	,	PUNCT
fsr-3721	193	3	for	for	ADP
fsr-3721	193	4	decisions	decision	NOUN
fsr-3721	193	5	about	about	ADP
fsr-3721	193	6	how	how	SCONJ
fsr-3721	193	7	expensive	expensive	ADJ
fsr-3721	193	8	the	the	DET
fsr-3721	193	9	durable	durable	ADJ
fsr-3721	193	10	good	good	NOUN
fsr-3721	193	11	should	should	AUX
fsr-3721	193	12	be	be	AUX
fsr-3721	193	13	beyond	beyond	ADP
fsr-3721	193	14	minimum	minimum	NOUN
fsr-3721	193	15	standards	standard	NOUN
fsr-3721	193	16	(	(	PUNCT
fsr-3721	193	17	e.g.	e.g.	ADV
fsr-3721	193	18	,	,	PUNCT
fsr-3721	193	19	reliable	reliable	ADJ
fsr-3721	193	20	transportation	transportation	NOUN
fsr-3721	193	21	)	)	PUNCT
fsr-3721	193	22	,	,	PUNCT
fsr-3721	193	23	the	the	DET
fsr-3721	193	24	analysis	analysis	NOUN
fsr-3721	193	25	presented	present	VERB
fsr-3721	193	26	in	in	ADP
fsr-3721	193	27	this	this	DET
fsr-3721	193	28	article	article	NOUN
fsr-3721	193	29	may	may	AUX
fsr-3721	193	30	give	give	VERB
fsr-3721	193	31	some	some	DET
fsr-3721	193	32	insights	insight	NOUN
fsr-3721	193	33	into	into	ADP
fsr-3721	193	34	how	how	SCONJ
fsr-3721	193	35	such	such	ADJ
fsr-3721	193	36	choices	choice	NOUN
fsr-3721	193	37	should	should	AUX
fsr-3721	193	38	be	be	AUX
fsr-3721	193	39	made	make	VERB
fsr-3721	193	40	.	.	PUNCT
fsr-3721	194	1	extensions	extension	NOUN
fsr-3721	194	2	to	to	ADP
fsr-3721	194	3	more	more	ADJ
fsr-3721	194	4	than	than	ADP
fsr-3721	194	5	two	two	NUM
fsr-3721	194	6	periods	period	NOUN
fsr-3721	194	7	if	if	SCONJ
fsr-3721	194	8	the	the	DET
fsr-3721	194	9	analysis	analysis	NOUN
fsr-3721	194	10	is	be	AUX
fsr-3721	194	11	extended	extend	VERB
fsr-3721	194	12	to	to	ADP
fsr-3721	194	13	three	three	NUM
fsr-3721	194	14	periods	period	NOUN
fsr-3721	194	15	,	,	PUNCT
fsr-3721	194	16	but	but	CCONJ
fsr-3721	194	17	the	the	DET
fsr-3721	194	18	assumption	assumption	NOUN
fsr-3721	194	19	is	be	AUX
fsr-3721	194	20	made	make	VERB
fsr-3721	194	21	that	that	SCONJ
fsr-3721	194	22	the	the	DET
fsr-3721	194	23	real	real	ADJ
fsr-3721	194	24	income	income	NOUN
fsr-3721	194	25	level	level	NOUN
fsr-3721	194	26	during	during	ADP
fsr-3721	194	27	the	the	DET
fsr-3721	194	28	third	third	ADJ
fsr-3721	194	29	year	year	NOUN
fsr-3721	194	30	is	be	AUX
fsr-3721	194	31	whatever	whatever	PRON
fsr-3721	194	32	the	the	DET
fsr-3721	194	33	real	real	ADJ
fsr-3721	194	34	income	income	NOUN
fsr-3721	194	35	level	level	NOUN
fsr-3721	194	36	is	be	AUX
fsr-3721	194	37	during	during	ADP
fsr-3721	194	38	the	the	DET
fsr-3721	194	39	second	second	ADJ
fsr-3721	194	40	year	year	NOUN
fsr-3721	194	41	,	,	PUNCT
fsr-3721	194	42	then	then	ADV
fsr-3721	194	43	optimal	optimal	ADJ
fsr-3721	194	44	credit	credit	NOUN
fsr-3721	194	45	for	for	ADP
fsr-3721	194	46	the	the	DET
fsr-3721	194	47	first	first	ADJ
fsr-3721	194	48	year	year	NOUN
fsr-3721	194	49	is	be	AUX
fsr-3721	194	50	higher	high	ADJ
fsr-3721	194	51	than	than	ADP
fsr-3721	194	52	the	the	DET
fsr-3721	194	53	corresponding	correspond	VERB
fsr-3721	194	54	level	level	NOUN
fsr-3721	194	55	shown	show	VERB
fsr-3721	194	56	in	in	ADP
fsr-3721	194	57	this	this	DET
fsr-3721	194	58	article	article	NOUN
fsr-3721	194	59	for	for	ADP
fsr-3721	194	60	the	the	DET
fsr-3721	194	61	two	two	NUM
fsr-3721	194	62	period	period	NOUN
fsr-3721	194	63	model	model	NOUN
fsr-3721	194	64	.	.	PUNCT
fsr-3721	195	1	allowing	allow	VERB
fsr-3721	195	2	for	for	ADP
fsr-3721	195	3	changes	change	NOUN
fsr-3721	195	4	between	between	ADP
fsr-3721	195	5	56	56	NUM
fsr-3721	195	6	financial	financial	ADJ
fsr-3721	195	7	services	service	NOUN
fsr-3721	195	8	avows	avow	VERB
fsr-3721	195	9	3(l	3(l	NUM
fsr-3721	195	10	)	)	PUNCT
fsr-3721	195	11	1993	1993	NUM
fsr-3721	195	12	year	year	NOUN
fsr-3721	195	13	2	2	NUM
fsr-3721	195	14	and	and	CCONJ
fsr-3721	195	15	year	year	NOUN
fsr-3721	195	16	3	3	NUM
fsr-3721	195	17	introduces	introduce	NOUN
fsr-3721	195	18	a	a	DET
fsr-3721	195	19	much	much	ADV
fsr-3721	195	20	higher	high	ADJ
fsr-3721	195	21	degree	degree	NOUN
fsr-3721	195	22	of	of	ADP
fsr-3721	195	23	complexity	complexity	NOUN
fsr-3721	195	24	,	,	PUNCT
fsr-3721	195	25	and	and	CCONJ
fsr-3721	195	26	has	have	AUX
fsr-3721	195	27	not	not	PART
fsr-3721	195	28	been	be	AUX
fsr-3721	195	29	addressed	address	VERB
fsr-3721	195	30	by	by	ADP
fsr-3721	195	31	the	the	DET
fsr-3721	195	32	authors	author	NOUN
fsr-3721	195	33	in	in	ADP
fsr-3721	195	34	this	this	DET
fsr-3721	195	35	article	article	NOUN
fsr-3721	195	36	.	.	PUNCT
fsr-3721	196	1	allowing	allow	VERB
fsr-3721	196	2	for	for	ADP
fsr-3721	196	3	decreases	decrease	NOUN
fsr-3721	196	4	in	in	ADP
fsr-3721	196	5	real	real	ADJ
fsr-3721	196	6	income	income	NOUN
fsr-3721	196	7	if	if	SCONJ
fsr-3721	196	8	there	there	PRON
fsr-3721	196	9	is	be	VERB
fsr-3721	196	10	a	a	DET
fsr-3721	196	11	possibility	possibility	NOUN
fsr-3721	196	12	that	that	SCONJ
fsr-3721	196	13	real	real	ADJ
fsr-3721	196	14	income	income	NOUN
fsr-3721	196	15	will	will	AUX
fsr-3721	196	16	decrease	decrease	VERB
fsr-3721	196	17	,	,	PUNCT
fsr-3721	196	18	optimal	optimal	ADJ
fsr-3721	196	19	saving	saving	NOUN
fsr-3721	196	20	may	may	AUX
fsr-3721	196	21	be	be	AUX
fsr-3721	196	22	positive	positive	ADJ
fsr-3721	196	23	.	.	PUNCT
fsr-3721	197	1	for	for	ADP
fsr-3721	197	2	instance	instance	NOUN
fsr-3721	197	3	,	,	PUNCT
fsr-3721	197	4	if	if	SCONJ
fsr-3721	197	5	real	real	ADJ
fsr-3721	197	6	income	income	NOUN
fsr-3721	197	7	will	will	AUX
fsr-3721	197	8	either	either	CCONJ
fsr-3721	197	9	remain	remain	VERB
fsr-3721	197	10	constant	constant	ADJ
fsr-3721	197	11	or	or	CCONJ
fsr-3721	197	12	decrease	decrease	NOUN
fsr-3721	197	13	,	,	PUNCT
fsr-3721	197	14	and	and	CCONJ
fsr-3721	197	15	both	both	DET
fsr-3721	197	16	states	state	NOUN
fsr-3721	197	17	of	of	ADP
fsr-3721	197	18	the	the	DET
fsr-3721	197	19	world	world	NOUN
fsr-3721	197	20	are	be	AUX
fsr-3721	197	21	equally	equally	ADV
fsr-3721	197	22	likely	likely	ADJ
fsr-3721	197	23	,	,	PUNCT
fsr-3721	197	24	the	the	DET
fsr-3721	197	25	consumer	consumer	NOUN
fsr-3721	197	26	should	should	AUX
fsr-3721	197	27	save	save	VERB
fsr-3721	197	28	some	some	DET
fsr-3721	197	29	money	money	NOUN
fsr-3721	197	30	from	from	ADP
fsr-3721	197	31	year	year	NOUN
fsr-3721	197	32	1	1	NUM
fsr-3721	197	33	income	income	NOUN
fsr-3721	197	34	in	in	ADP
fsr-3721	197	35	order	order	NOUN
fsr-3721	197	36	to	to	PART
fsr-3721	197	37	prevent	prevent	VERB
fsr-3721	197	38	too	too	ADV
fsr-3721	197	39	much	much	ADJ
fsr-3721	197	40	of	of	ADP
fsr-3721	197	41	a	a	DET
fsr-3721	197	42	decrease	decrease	NOUN
fsr-3721	197	43	in	in	ADP
fsr-3721	197	44	year	year	NOUN
fsr-3721	197	45	2	2	NUM
fsr-3721	197	46	consumption	consumption	NOUN
fsr-3721	197	47	.	.	PUNCT
fsr-3721	198	1	if	if	SCONJ
fsr-3721	198	2	,	,	PUNCT
fsr-3721	198	3	however	however	ADV
fsr-3721	198	4	,	,	PUNCT
fsr-3721	198	5	the	the	DET
fsr-3721	198	6	probabili~	probabili~	NOUN
fsr-3721	198	7	that	that	SCONJ
fsr-3721	198	8	real	real	ADJ
fsr-3721	198	9	income	income	NOUN
fsr-3721	198	10	decreases	decrease	NOUN
fsr-3721	198	11	is	be	AUX
fsr-3721	198	12	small	small	ADJ
fsr-3721	198	13	,	,	PUNCT
fsr-3721	198	14	optimal	optimal	ADJ
fsr-3721	198	15	saving	saving	NOUN
fsr-3721	198	16	may	may	AUX
fsr-3721	198	17	be	be	AUX
fsr-3721	198	18	low	low	ADJ
fsr-3721	198	19	.	.	PUNCT
fsr-3721	198	20	extensions	extension	NOUN
fsr-3721	198	21	to	to	ADP
fsr-3721	198	22	more	more	ADJ
fsr-3721	198	23	than	than	ADP
fsr-3721	198	24	two	two	NUM
fsr-3721	198	25	states	state	NOUN
fsr-3721	198	26	of	of	ADP
fsr-3721	198	27	the	the	DET
fsr-3721	198	28	world	world	NOUN
fsr-3721	198	29	if	if	SCONJ
fsr-3721	198	30	there	there	PRON
fsr-3721	198	31	are	be	VERB
fsr-3721	198	32	more	more	ADJ
fsr-3721	198	33	than	than	ADP
fsr-3721	198	34	two	two	NUM
fsr-3721	198	35	states	state	NOUN
fsr-3721	198	36	of	of	ADP
fsr-3721	198	37	the	the	DET
fsr-3721	198	38	world	world	NOUN
fsr-3721	198	39	,	,	PUNCT
fsr-3721	198	40	analysis	analysis	NOUN
fsr-3721	198	41	of	of	ADP
fsr-3721	198	42	optimal	optimal	ADJ
fsr-3721	198	43	behavior	behavior	NOUN
fsr-3721	198	44	is	be	AUX
fsr-3721	198	45	complex	complex	ADJ
fsr-3721	198	46	.	.	PUNCT
fsr-3721	199	1	for	for	ADP
fsr-3721	199	2	consumers	consumer	NOUN
fsr-3721	199	3	with	with	ADP
fsr-3721	199	4	a	a	DET
fsr-3721	199	5	very	very	ADV
fsr-3721	199	6	small	small	ADJ
fsr-3721	199	7	chance	chance	NOUN
fsr-3721	199	8	of	of	ADP
fsr-3721	199	9	a	a	DET
fsr-3721	199	10	large	large	ADJ
fsr-3721	199	11	decrease	decrease	NOUN
fsr-3721	199	12	in	in	ADP
fsr-3721	199	13	real	real	ADJ
fsr-3721	199	14	income	income	NOUN
fsr-3721	199	15	,	,	PUNCT
fsr-3721	199	16	and	and	CCONJ
fsr-3721	199	17	approximately	approximately	ADV
fsr-3721	199	18	equal	equal	ADJ
fsr-3721	199	19	chances	chance	NOUN
fsr-3721	199	20	of	of	ADP
fsr-3721	199	21	constant	constant	ADJ
fsr-3721	199	22	real	real	ADJ
fsr-3721	199	23	income	income	NOUN
fsr-3721	199	24	or	or	CCONJ
fsr-3721	199	25	a	a	DET
fsr-3721	199	26	substantial	substantial	ADJ
fsr-3721	199	27	increase	increase	NOUN
fsr-3721	199	28	in	in	ADP
fsr-3721	199	29	real	real	ADJ
fsr-3721	199	30	income	income	NOUN
fsr-3721	199	31	,	,	PUNCT
fsr-3721	199	32	the	the	DET
fsr-3721	199	33	optimal	optimal	ADJ
fsr-3721	199	34	saving	saving	NOUN
fsr-3721	199	35	(	(	PUNCT
fsr-3721	199	36	credit	credit	NOUN
fsr-3721	199	37	)	)	PUNCT
fsr-3721	199	38	pattern	pattern	NOUN
fsr-3721	199	39	will	will	AUX
fsr-3721	199	40	be	be	AUX
fsr-3721	199	41	approximately	approximately	ADV
fsr-3721	199	42	the	the	DET
fsr-3721	199	43	same	same	ADJ
fsr-3721	199	44	as	as	SCONJ
fsr-3721	199	45	the	the	DET
fsr-3721	199	46	patterns	pattern	NOUN
fsr-3721	199	47	presented	present	VERB
fsr-3721	199	48	in	in	ADP
fsr-3721	199	49	this	this	DET
fsr-3721	199	50	article	article	NOUN
fsr-3721	199	51	for	for	ADP
fsr-3721	199	52	the	the	DET
fsr-3721	199	53	two	two	NUM
fsr-3721	199	54	states	state	NOUN
fsr-3721	199	55	of	of	ADP
fsr-3721	199	56	the	the	DET
fsr-3721	199	57	world	world	NOUN
fsr-3721	199	58	model	model	NOUN
fsr-3721	199	59	.	.	PUNCT
fsr-3721	200	1	for	for	ADP
fsr-3721	200	2	some	some	DET
fsr-3721	200	3	consumers	consumer	NOUN
fsr-3721	200	4	,	,	PUNCT
fsr-3721	200	5	a	a	DET
fsr-3721	200	6	small	small	ADJ
fsr-3721	200	7	~ssibili~	~ssibili~	PUNCT
fsr-3721	200	8	of	of	ADP
fsr-3721	200	9	a	a	DET
fsr-3721	200	10	subst	subst	NOUN
fsr-3721	200	11	~	~	SYM
fsr-3721	200	12	ti~	ti~	PROPN
fsr-3721	200	13	decrease	decrease	NOUN
fsr-3721	200	14	in	in	ADP
fsr-3721	200	15	income	income	NOUN
fsr-3721	200	16	could	could	AUX
fsr-3721	200	17	be	be	AUX
fsr-3721	200	18	dealt	deal	VERB
fsr-3721	200	19	with	with	ADP
fsr-3721	200	20	through	through	ADP
fsr-3721	200	21	help	help	NOUN
fsr-3721	200	22	from	from	ADP
fsr-3721	200	23	relatives	relative	NOUN
fsr-3721	200	24	and	and	CCONJ
fsr-3721	200	25	the	the	DET
fsr-3721	200	26	social	social	ADJ
fsr-3721	200	27	safety	safety	NOUN
fsr-3721	200	28	net	net	NOUN
fsr-3721	200	29	.	.	PUNCT
fsr-3721	201	1	consumers	consumer	NOUN
fsr-3721	201	2	could	could	AUX
fsr-3721	201	3	also	also	ADV
fsr-3721	201	4	implicitly	implicitly	ADV
fsr-3721	201	5	assume	assume	VERB
fsr-3721	201	6	that	that	SCONJ
fsr-3721	201	7	decreases	decrease	VERB
fsr-3721	201	8	in	in	ADP
fsr-3721	201	9	real	real	ADJ
fsr-3721	201	10	income	income	NOUN
fsr-3721	201	11	could	could	AUX
fsr-3721	201	12	be	be	AUX
fsr-3721	201	13	dealt	deal	VERB
fsr-3721	201	14	with	with	ADP
fsr-3721	201	15	by	by	ADP
fsr-3721	201	16	default	default	NOUN
fsr-3721	201	17	.	.	PUNCT
fsr-3721	202	1	extensions	extension	NOUN
fsr-3721	202	2	to	to	ADP
fsr-3721	202	3	a	a	DET
fsr-3721	202	4	life	life	NOUN
fsr-3721	202	5	cycle	cycle	NOUN
fsr-3721	202	6	model	model	NOUN
fsr-3721	202	7	the	the	DET
fsr-3721	202	8	two	two	NUM
fsr-3721	202	9	period	period	NOUN
fsr-3721	202	10	model	model	NOUN
fsr-3721	202	11	can	can	AUX
fsr-3721	202	12	be	be	AUX
fsr-3721	202	13	extended	extend	VERB
fsr-3721	202	14	to	to	ADP
fsr-3721	202	15	a	a	DET
fsr-3721	202	16	life	life	NOUN
fsr-3721	202	17	cycle	cycle	NOUN
fsr-3721	202	18	model	model	NOUN
fsr-3721	202	19	if	if	SCONJ
fsr-3721	202	20	certainty	certainty	NOUN
fsr-3721	202	21	is	be	AUX
fsr-3721	202	22	assumed	assume	VERB
fsr-3721	202	23	.	.	PUNCT
fsr-3721	203	1	for	for	ADP
fsr-3721	203	2	probabilities	probability	NOUN
fsr-3721	203	3	greater	great	ADJ
fsr-3721	203	4	than	than	ADP
fsr-3721	203	5	98	98	NUM
fsr-3721	203	6	%	%	NOUN
fsr-3721	203	7	that	that	PRON
fsr-3721	203	8	real	real	ADJ
fsr-3721	203	9	income	income	NOUN
fsr-3721	203	10	will	will	AUX
fsr-3721	203	11	increase	increase	VERB
fsr-3721	203	12	,	,	PUNCT
fsr-3721	203	13	there	there	PRON
fsr-3721	203	14	may	may	AUX
fsr-3721	203	15	not	not	PART
fsr-3721	203	16	be	be	AUX
fsr-3721	203	17	substantial	substantial	ADJ
fsr-3721	203	18	differences	difference	NOUN
fsr-3721	203	19	in	in	ADP
fsr-3721	203	20	optimal	optimal	ADJ
fsr-3721	203	21	credit	credit	NOUN
fsr-3721	203	22	use	use	NOUN
fsr-3721	203	23	,	,	PUNCT
fsr-3721	203	24	if	if	SCONJ
fsr-3721	203	25	it	it	PRON
fsr-3721	203	26	can	can	AUX
fsr-3721	203	27	be	be	AUX
fsr-3721	203	28	assumed	assume	VERB
fsr-3721	203	29	that	that	SCONJ
fsr-3721	203	30	real	real	ADJ
fsr-3721	203	31	income	income	NOUN
fsr-3721	203	32	will	will	AUX
fsr-3721	203	33	either	either	CCONJ
fsr-3721	203	34	increase	increase	VERB
fsr-3721	203	35	or	or	CCONJ
fsr-3721	203	36	remain	remain	VERB
fsr-3721	203	37	constant	constant	ADJ
fsr-3721	203	38	after	after	ADP
fsr-3721	203	39	the	the	DET
fsr-3721	203	40	first	first	ADJ
fsr-3721	203	41	year	year	NOUN
fsr-3721	203	42	.	.	PUNCT
fsr-3721	204	1	for	for	ADP
fsr-3721	204	2	many	many	ADJ
fsr-3721	204	3	households	household	NOUN
fsr-3721	204	4	,	,	PUNCT
fsr-3721	204	5	the	the	DET
fsr-3721	204	6	simplifying	simplify	VERB
fsr-3721	204	7	~sumption	~sumption	NOUN
fsr-3721	204	8	that	that	DET
fsr-3721	204	9	income	income	NOUN
fsr-3721	204	10	will	will	AUX
fsr-3721	204	11	either	either	CCONJ
fsr-3721	204	12	increase	increase	VERB
fsr-3721	204	13	or	or	CCONJ
fsr-3721	204	14	remain	remain	VERB
fsr-3721	204	15	constant	constant	ADJ
fsr-3721	204	16	is	be	AUX
fsr-3721	204	17	very	very	ADV
fsr-3721	204	18	unrealistic	unrealistic	ADJ
fsr-3721	204	19	.	.	PUNCT
fsr-3721	205	1	however	however	ADV
fsr-3721	205	2	,	,	PUNCT
fsr-3721	205	3	if	if	SCONJ
fsr-3721	205	4	there	there	PRON
fsr-3721	205	5	is	be	VERB
fsr-3721	205	6	a	a	DET
fsr-3721	205	7	small	small	ADJ
fsr-3721	205	8	probability	probability	NOUN
fsr-3721	205	9	that	that	SCONJ
fsr-3721	205	10	there	there	PRON
fsr-3721	205	11	will	will	AUX
fsr-3721	205	12	be	be	AUX
fsr-3721	205	13	a	a	DET
fsr-3721	205	14	substantial	substantial	ADJ
fsr-3721	205	15	drop	drop	NOUN
fsr-3721	205	16	in	in	ADP
fsr-3721	205	17	real	real	ADJ
fsr-3721	205	18	income	income	NOUN
fsr-3721	205	19	,	,	PUNCT
fsr-3721	205	20	a	a	DET
fsr-3721	205	21	consumer	consumer	NOUN
fsr-3721	205	22	who	who	PRON
fsr-3721	205	23	has	have	AUX
fsr-3721	205	24	taken	take	VERB
fsr-3721	205	25	on	on	ADP
fsr-3721	205	26	credit	credit	NOUN
fsr-3721	205	27	for	for	ADP
fsr-3721	205	28	current	current	ADJ
fsr-3721	205	29	consumption	consumption	NOUN
fsr-3721	205	30	has	have	VERB
fsr-3721	205	31	the	the	DET
fsr-3721	205	32	option	option	NOUN
fsr-3721	205	33	of	of	ADP
fsr-3721	205	34	default	default	NOUN
fsr-3721	205	35	or	or	CCONJ
fsr-3721	205	36	some	some	DET
fsr-3721	205	37	form	form	NOUN
fsr-3721	205	38	of	of	ADP
fsr-3721	205	39	bankruptcy	bankruptcy	NOUN
fsr-3721	205	40	.	.	PUNCT
fsr-3721	206	1	these	these	DET
fsr-3721	206	2	options	option	NOUN
fsr-3721	206	3	,	,	PUNCT
fsr-3721	206	4	as	as	ADV
fsr-3721	206	5	well	well	ADV
fsr-3721	206	6	as	as	ADP
fsr-3721	206	7	the	the	DET
fsr-3721	206	8	opportunity	opportunity	NOUN
fsr-3721	206	9	to	to	PART
fsr-3721	206	10	repay	repay	VERB
fsr-3721	206	11	credit	credit	NOUN
fsr-3721	206	12	early	early	ADV
fsr-3721	206	13	,	,	PUNCT
fsr-3721	206	14	can	can	AUX
fsr-3721	206	15	be	be	AUX
fsr-3721	206	16	viewed	view	VERB
fsr-3721	206	17	as	as	ADP
fsr-3721	206	18	put	put	VERB
fsr-3721	206	19	options	option	NOUN
fsr-3721	206	20	which	which	PRON
fsr-3721	206	21	have	have	VERB
fsr-3721	206	22	implicit	implicit	ADJ
fsr-3721	206	23	value	value	NOUN
fsr-3721	206	24	for	for	ADP
fsr-3721	206	25	the	the	DET
fsr-3721	206	26	borrower	borrower	NOUN
fsr-3721	206	27	.	.	PUNCT
fsr-3721	207	1	to	to	PART
fsr-3721	207	2	model	model	VERB
fsr-3721	207	3	the	the	DET
fsr-3721	207	4	costs	cost	NOUN
fsr-3721	207	5	of	of	ADP
fsr-3721	207	6	bankruptcy	bankruptcy	NOUN
fsr-3721	207	7	is	be	AUX
fsr-3721	207	8	beyond	beyond	ADP
fsr-3721	207	9	the	the	DET
fsr-3721	207	10	scope	scope	NOUN
fsr-3721	207	11	of	of	ADP
fsr-3721	207	12	this	this	DET
fsr-3721	207	13	paper	paper	NOUN
fsr-3721	207	14	.	.	PUNCT
fsr-3721	208	1	taking	take	VERB
fsr-3721	208	2	default	default	NOUN
fsr-3721	208	3	into	into	ADP
fsr-3721	208	4	account	account	NOUN
fsr-3721	208	5	the	the	DET
fsr-3721	208	6	model	model	NOUN
fsr-3721	208	7	used	use	VERB
fsr-3721	208	8	in	in	ADP
fsr-3721	208	9	this	this	DET
fsr-3721	208	10	article	article	NOUN
fsr-3721	208	11	ignores	ignore	VERB
fsr-3721	208	12	the	the	DET
fsr-3721	208	13	possibility	possibility	NOUN
fsr-3721	208	14	of	of	ADP
fsr-3721	208	15	default	default	NOUN
fsr-3721	208	16	and/or	and/or	CCONJ
fsr-3721	208	17	bank	bank	NOUN
fsr-3721	208	18	ruptcy	ruptcy	NOUN
fsr-3721	208	19	.	.	PUNCT
fsr-3721	209	1	the	the	DET
fsr-3721	209	2	results	result	NOUN
fsr-3721	209	3	described	describe	VERB
fsr-3721	209	4	are	be	AUX
fsr-3721	209	5	based	base	VERB
fsr-3721	209	6	on	on	ADP
fsr-3721	209	7	the	the	DET
fsr-3721	209	8	~sumption	~sumption	NOUN
fsr-3721	209	9	that	that	SCONJ
fsr-3721	209	10	the	the	DET
fsr-3721	209	11	consumer	consumer	NOUN
fsr-3721	209	12	must	must	AUX
fsr-3721	209	13	repay	repay	VERB
fsr-3721	209	14	the	the	DET
fsr-3721	209	15	loan	loan	NOUN
fsr-3721	209	16	in	in	ADP
fsr-3721	209	17	full	full	ADJ
fsr-3721	209	18	.	.	PUNCT
fsr-3721	210	1	there	there	PRON
fsr-3721	210	2	are	be	VERB
fsr-3721	210	3	obvious	obvious	ADJ
fsr-3721	210	4	costs	cost	NOUN
fsr-3721	210	5	of	of	ADP
fsr-3721	210	6	default	default	NOUN
fsr-3721	210	7	and	and	CCONJ
fsr-3721	210	8	various	various	ADJ
fsr-3721	210	9	forms	form	NOUN
fsr-3721	210	10	of	of	ADP
fsr-3721	210	11	bankruptcy	bankruptcy	NOUN
fsr-3721	210	12	.	.	PUNCT
fsr-3721	211	1	if	if	SCONJ
fsr-3721	211	2	these	these	DET
fsr-3721	211	3	costs	cost	NOUN
fsr-3721	211	4	were	be	AUX
fsr-3721	211	5	low	low	ADJ
fsr-3721	211	6	,	,	PUNCT
fsr-3721	211	7	even	even	ADV
fsr-3721	211	8	more	more	ADJ
fsr-3721	211	9	consumers	consumer	NOUN
fsr-3721	211	10	would	would	AUX
fsr-3721	211	11	become	become	VERB
fsr-3721	211	12	overex	overex	ADJ
fsr-3721	211	13	tended	tend	VERB
fsr-3721	211	14	.	.	PUNCT
fsr-3721	212	1	it	it	PRON
fsr-3721	212	2	is	be	AUX
fsr-3721	212	3	difficult	difficult	ADJ
fsr-3721	212	4	to	to	PART
fsr-3721	212	5	specify	specify	VERB
fsr-3721	212	6	the	the	DET
fsr-3721	212	7	monetary	monetary	ADJ
fsr-3721	212	8	value	value	NOUN
fsr-3721	212	9	of	of	ADP
fsr-3721	212	10	the	the	DET
fsr-3721	212	11	costs	cost	NOUN
fsr-3721	212	12	of	of	ADP
fsr-3721	212	13	default	default	NOUN
fsr-3721	212	14	,	,	PUNCT
fsr-3721	212	15	etc	etc	X
fsr-3721	212	16	.	.	X
fsr-3721	212	17	,	,	PUNCT
fsr-3721	212	18	but	but	CCONJ
fsr-3721	212	19	given	give	VERB
fsr-3721	212	20	the	the	DET
fsr-3721	212	21	increasing	increase	VERB
fsr-3721	212	22	number	number	NOUN
fsr-3721	212	23	of	of	ADP
fsr-3721	212	24	bankruptcies	bankruptcy	NOUN
fsr-3721	212	25	,	,	PUNCT
fsr-3721	212	26	it	it	PRON
fsr-3721	212	27	is	be	AUX
fsr-3721	212	28	plausible	plausible	ADJ
fsr-3721	212	29	that	that	SCONJ
fsr-3721	212	30	a	a	DET
fsr-3721	212	31	priori	priori	ADV
fsr-3721	212	32	,	,	PUNCT
fsr-3721	212	33	borrowing	borrow	VERB
fsr-3721	212	34	real	real	ADJ
fsr-3721	212	35	income	income	NOUN
fsr-3721	212	36	growth	growth	NOUN
fsr-3721	212	37	and	and	CCONJ
fsr-3721	212	38	optimal	optimal	ADJ
fsr-3721	212	39	credit	credit	NOUN
fsr-3721	212	40	use	use	NOUN
fsr-3721	212	41	57	57	NUM
fsr-3721	212	42	even	even	ADV
fsr-3721	212	43	if	if	SCONJ
fsr-3721	212	44	bankruptcy	bankruptcy	NOUN
fsr-3721	212	45	is	be	AUX
fsr-3721	212	46	possible	possible	ADJ
fsr-3721	212	47	is	be	AUX
fsr-3721	212	48	rational	rational	ADJ
fsr-3721	212	49	for	for	ADP
fsr-3721	212	50	some	some	DET
fsr-3721	212	51	consumers	consumer	NOUN
fsr-3721	212	52	.	.	PUNCT
fsr-3721	213	1	it	it	PRON
fsr-3721	213	2	is	be	AUX
fsr-3721	213	3	also	also	ADV
fsr-3721	213	4	plausible	plausible	ADJ
fsr-3721	213	5	that	that	SCONJ
fsr-3721	213	6	many	many	ADJ
fsr-3721	213	7	consumers	consumer	NOUN
fsr-3721	213	8	may	may	AUX
fsr-3721	213	9	underestimate	underestimate	VERB
fsr-3721	213	10	the	the	DET
fsr-3721	213	11	true	true	ADJ
fsr-3721	213	12	costs	cost	NOUN
fsr-3721	213	13	of	of	ADP
fsr-3721	213	14	bankruptcy	bankruptcy	NOUN
fsr-3721	213	15	,	,	PUNCT
fsr-3721	213	16	and	and	CCONJ
fsr-3721	213	17	therefore	therefore	ADV
fsr-3721	213	18	take	take	VERB
fsr-3721	213	19	too	too	ADV
fsr-3721	213	20	much	much	ADJ
fsr-3721	213	21	risk	risk	NOUN
fsr-3721	213	22	with	with	ADP
fsr-3721	213	23	credit	credit	NOUN
fsr-3721	213	24	use	use	NOUN
fsr-3721	213	25	.	.	PUNCT
fsr-3721	214	1	most	most	ADJ
fsr-3721	214	2	consumers	consumer	NOUN
fsr-3721	214	3	who	who	PRON
fsr-3721	214	4	use	use	VERB
fsr-3721	214	5	credit	credit	NOUN
fsr-3721	214	6	face	face	NOUN
fsr-3721	214	7	at	at	ADV
fsr-3721	214	8	least	least	ADJ
fsr-3721	214	9	a	a	DET
fsr-3721	214	10	small	small	ADJ
fsr-3721	214	11	risk	risk	NOUN
fsr-3721	214	12	of	of	ADP
fsr-3721	214	13	default	default	NOUN
fsr-3721	214	14	.	.	PUNCT
fsr-3721	215	1	the	the	DET
fsr-3721	215	2	analysis	analysis	NOUN
fsr-3721	215	3	presented	present	VERB
fsr-3721	215	4	in	in	ADP
fsr-3721	215	5	this	this	DET
fsr-3721	215	6	article	article	NOUN
fsr-3721	215	7	provides	provide	VERB
fsr-3721	215	8	a	a	DET
fsr-3721	215	9	starting	starting	NOUN
fsr-3721	215	10	point	point	NOUN
fsr-3721	215	11	to	to	ADP
fsr-3721	215	12	development	development	NOUN
fsr-3721	215	13	of	of	ADP
fsr-3721	215	14	a	a	DET
fsr-3721	215	15	realistic	realistic	ADJ
fsr-3721	215	16	evaluation	evaluation	NOUN
fsr-3721	215	17	of	of	ADP
fsr-3721	215	18	rational	rational	ADJ
fsr-3721	215	19	credit	credit	NOUN
fsr-3721	215	20	use	use	NOUN
fsr-3721	215	21	.	.	PUNCT
fsr-3721	216	1	vii	vii	PROPN
fsr-3721	216	2	.	.	PUNCT
fsr-3721	217	1	s	s	PART
fsr-3721	217	2	~	~	NOUN
fsr-3721	217	3	jmmary	jmmary	NOUN
fsr-3721	217	4	and	and	CCONJ
fsr-3721	217	5	conclusion	conclusion	VERB
fsr-3721	217	6	a	a	DET
fsr-3721	217	7	two	two	NUM
fsr-3721	217	8	-	-	PUNCT
fsr-3721	217	9	period	period	NOUN
fsr-3721	217	10	model	model	NOUN
fsr-3721	217	11	of	of	ADP
fsr-3721	217	12	consumption	consumption	NOUN
fsr-3721	217	13	is	be	AUX
fsr-3721	217	14	developed	develop	VERB
fsr-3721	217	15	to	to	PART
fsr-3721	217	16	analyze	analyze	VERB
fsr-3721	217	17	optimal	optimal	ADJ
fsr-3721	217	18	credit	credit	NOUN
fsr-3721	217	19	use	use	NOUN
fsr-3721	217	20	decisions	decision	NOUN
fsr-3721	217	21	,	,	PUNCT
fsr-3721	217	22	based	base	VERB
fsr-3721	217	23	on	on	ADP
fsr-3721	217	24	the	the	DET
fsr-3721	217	25	probability	probability	NOUN
fsr-3721	217	26	that	that	SCONJ
fsr-3721	217	27	future	future	ADJ
fsr-3721	217	28	real	real	ADJ
fsr-3721	217	29	income	income	NOUN
fsr-3721	217	30	will	will	AUX
fsr-3721	217	31	increase	increase	VERB
fsr-3721	217	32	,	,	PUNCT
fsr-3721	217	33	for	for	ADP
fsr-3721	217	34	different	different	ADJ
fsr-3721	217	35	levels	level	NOUN
fsr-3721	217	36	of	of	ADP
fsr-3721	217	37	relative	relative	ADJ
fsr-3721	217	38	risk	risk	NOUN
fsr-3721	217	39	aversion	aversion	NOUN
fsr-3721	217	40	.	.	PUNCT
fsr-3721	218	1	with	with	ADP
fsr-3721	218	2	the	the	DET
fsr-3721	218	3	assumptions	assumption	NOUN
fsr-3721	218	4	that	that	PRON
fsr-3721	218	5	the	the	DET
fsr-3721	218	6	utility	utility	NOUN
fsr-3721	218	7	function	function	NOUN
fsr-3721	218	8	be	be	VERB
fsr-3721	218	9	additive	additive	ADJ
fsr-3721	218	10	between	between	ADP
fsr-3721	218	11	periods	period	NOUN
fsr-3721	218	12	,	,	PUNCT
fsr-3721	218	13	and	and	CCONJ
fsr-3721	218	14	reflect	reflect	VERB
fsr-3721	218	15	constant	constant	ADJ
fsr-3721	218	16	relative	relative	ADJ
fsr-3721	218	17	risk	risk	NOUN
fsr-3721	218	18	aversion	aversion	NOUN
fsr-3721	218	19	,	,	PUNCT
fsr-3721	218	20	effects	effect	NOUN
fsr-3721	218	21	of	of	ADP
fsr-3721	218	22	parameters	parameter	NOUN
fsr-3721	218	23	on	on	ADP
fsr-3721	218	24	optimal	optimal	ADJ
fsr-3721	218	25	borrowing	borrowing	NOUN
fsr-3721	218	26	and	and	CCONJ
fsr-3721	218	27	saving	saving	NOUN
fsr-3721	218	28	decisions	decision	NOUN
fsr-3721	218	29	and	and	CCONJ
fsr-3721	218	30	the	the	DET
fsr-3721	218	31	interacting	interact	VERB
fsr-3721	218	32	relation	relation	NOUN
fsr-3721	218	33	ships	ship	NOUN
fsr-3721	218	34	are	be	AUX
fsr-3721	218	35	discussed	discuss	VERB
fsr-3721	218	36	and	and	CCONJ
fsr-3721	218	37	demonstrated	demonstrate	VERB
fsr-3721	218	38	using	use	VERB
fsr-3721	218	39	numerical	numerical	ADJ
fsr-3721	218	40	simulation	simulation	NOUN
fsr-3721	218	41	technique	technique	NOUN
fsr-3721	218	42	and	and	CCONJ
fsr-3721	218	43	graphs	graph	NOUN
fsr-3721	218	44	.	.	PUNCT
fsr-3721	219	1	we	we	PRON
fsr-3721	219	2	have	have	AUX
fsr-3721	219	3	shown	show	VERB
fsr-3721	219	4	that	that	SCONJ
fsr-3721	219	5	the	the	DET
fsr-3721	219	6	optimal	optimal	ADJ
fsr-3721	219	7	amount	amount	NOUN
fsr-3721	219	8	of	of	ADP
fsr-3721	219	9	credit	credit	NOUN
fsr-3721	219	10	use	use	NOUN
fsr-3721	219	11	increases	increase	NOUN
fsr-3721	219	12	with	with	ADP
fsr-3721	219	13	increasing	increase	VERB
fsr-3721	219	14	income	income	NOUN
fsr-3721	219	15	growth	growth	NOUN
fsr-3721	219	16	rate	rate	NOUN
fsr-3721	219	17	and	and	CCONJ
fsr-3721	219	18	with	with	ADP
fsr-3721	219	19	increasing	increase	VERB
fsr-3721	219	20	probability	probability	NOUN
fsr-3721	219	21	of	of	ADP
fsr-3721	219	22	real	real	ADJ
fsr-3721	219	23	income	income	NOUN
fsr-3721	219	24	growth	growth	NOUN
fsr-3721	219	25	.	.	PUNCT
fsr-3721	220	1	there	there	PRON
fsr-3721	220	2	are	be	VERB
fsr-3721	220	3	threshold	threshold	NOUN
fsr-3721	220	4	levels	level	NOUN
fsr-3721	220	5	of	of	ADP
fsr-3721	220	6	real	real	ADJ
fsr-3721	220	7	growth	growth	NOUN
fsr-3721	220	8	rates	rate	NOUN
fsr-3721	220	9	for	for	ADP
fsr-3721	220	10	borrowing	borrow	VERB
fsr-3721	220	11	to	to	PART
fsr-3721	220	12	be	be	AUX
fsr-3721	220	13	optimal	optimal	ADJ
fsr-3721	220	14	,	,	PUNCT
fsr-3721	220	15	at	at	ADP
fsr-3721	220	16	relatively	relatively	ADV
fsr-3721	220	17	low	low	ADJ
fsr-3721	220	18	levels	level	NOUN
fsr-3721	220	19	for	for	ADP
fsr-3721	220	20	certainty	certainty	NOUN
fsr-3721	220	21	,	,	PUNCT
fsr-3721	220	22	but	but	CCONJ
fsr-3721	220	23	at	at	ADP
fsr-3721	220	24	high	high	ADJ
fsr-3721	220	25	levels	level	NOUN
fsr-3721	220	26	for	for	ADP
fsr-3721	220	27	lower	low	ADJ
fsr-3721	220	28	probability	probability	NOUN
fsr-3721	220	29	levels	level	NOUN
fsr-3721	220	30	that	that	SCONJ
fsr-3721	220	31	growth	growth	NOUN
fsr-3721	220	32	will	will	AUX
fsr-3721	220	33	take	take	VERB
fsr-3721	220	34	place	place	NOUN
fsr-3721	220	35	.	.	PUNCT
fsr-3721	221	1	the	the	DET
fsr-3721	221	2	optimism	optimism	NOUN
fsr-3721	221	3	of	of	ADP
fsr-3721	221	4	the	the	DET
fsr-3721	221	5	middle	middle	NOUN
fsr-3721	221	6	of	of	ADP
fsr-3721	221	7	the	the	DET
fsr-3721	221	8	1980s	1980	NOUN
fsr-3721	221	9	and	and	CCONJ
fsr-3721	221	10	the	the	DET
fsr-3721	221	11	longest	long	ADJ
fsr-3721	221	12	peacetime	peacetime	NOUN
fsr-3721	221	13	expansion	expansion	NOUN
fsr-3721	221	14	(	(	PUNCT
fsr-3721	221	15	see	see	VERB
fsr-3721	221	16	discussion	discussion	NOUN
fsr-3721	221	17	in	in	ADP
fsr-3721	221	18	chang	chang	PROPN
fsr-3721	221	19	and	and	CCONJ
fsr-3721	221	20	lindamood	lindamood	NOUN
fsr-3721	221	21	,	,	PUNCT
fsr-3721	221	22	1993	1993	NUM
fsr-3721	221	23	)	)	PUNCT
fsr-3721	221	24	may	may	AUX
fsr-3721	221	25	have	have	AUX
fsr-3721	221	26	led	lead	VERB
fsr-3721	221	27	to	to	ADP
fsr-3721	221	28	the	the	DET
fsr-3721	221	29	increase	increase	NOUN
fsr-3721	221	30	in	in	ADP
fsr-3721	221	31	consumer	consumer	NOUN
fsr-3721	221	32	credit	credit	NOUN
fsr-3721	221	33	and	and	CCONJ
fsr-3721	221	34	may	may	AUX
fsr-3721	221	35	have	have	AUX
fsr-3721	221	36	contributed	contribute	VERB
fsr-3721	221	37	to	to	ADP
fsr-3721	221	38	the	the	DET
fsr-3721	221	39	increase	increase	NOUN
fsr-3721	221	40	in	in	ADP
fsr-3721	221	41	personal	personal	ADJ
fsr-3721	221	42	bankruptcy	bankruptcy	NOUN
fsr-3721	221	43	rates	rate	NOUN
fsr-3721	221	44	.	.	PUNCT
fsr-3721	222	1	if	if	SCONJ
fsr-3721	222	2	young	young	ADJ
fsr-3721	222	3	consumers	consumer	NOUN
fsr-3721	222	4	in	in	ADP
fsr-3721	222	5	the	the	DET
fsr-3721	222	6	future	future	NOUN
fsr-3721	222	7	expect	expect	VERB
fsr-3721	222	8	stagnant	stagnant	ADJ
fsr-3721	222	9	real	real	ADJ
fsr-3721	222	10	income	income	NOUN
fsr-3721	222	11	levels	level	NOUN
fsr-3721	222	12	and	and	CCONJ
fsr-3721	222	13	have	have	VERB
fsr-3721	222	14	high	high	ADJ
fsr-3721	222	15	levels	level	NOUN
fsr-3721	222	16	of	of	ADP
fsr-3721	222	17	uncertainty	uncertainty	NOUN
fsr-3721	222	18	about	about	ADP
fsr-3721	222	19	their	their	PRON
fsr-3721	222	20	prospects	prospect	NOUN
fsr-3721	222	21	,	,	PUNCT
fsr-3721	222	22	the	the	DET
fsr-3721	222	23	amount	amount	NOUN
fsr-3721	222	24	of	of	ADP
fsr-3721	222	25	consumer	consumer	NOUN
fsr-3721	222	26	credit	credit	NOUN
fsr-3721	222	27	will	will	AUX
fsr-3721	222	28	continue	continue	VERB
fsr-3721	222	29	to	to	PART
fsr-3721	222	30	decrease	decrease	VERB
fsr-3721	222	31	.	.	PUNCT
fsr-3721	223	1	only	only	ADV
fsr-3721	223	2	optimistic	optimistic	ADJ
fsr-3721	223	3	consumers	consumer	NOUN
fsr-3721	223	4	will	will	AUX
fsr-3721	223	5	borrow	borrow	VERB
fsr-3721	223	6	for	for	ADP
fsr-3721	223	7	current	current	ADJ
fsr-3721	223	8	consumption	consumption	NOUN
fsr-3721	223	9	.	.	PUNCT
fsr-3721	224	1	the	the	DET
fsr-3721	224	2	simplest	simple	ADJ
fsr-3721	224	3	possible	possible	ADJ
fsr-3721	224	4	model	model	NOUN
fsr-3721	224	5	of	of	ADP
fsr-3721	224	6	optimal	optimal	ADJ
fsr-3721	224	7	credit	credit	NOUN
fsr-3721	224	8	use	use	NOUN
fsr-3721	224	9	dealing	deal	VERB
fsr-3721	224	10	with	with	ADP
fsr-3721	224	11	uncertainty	uncertainty	NOUN
fsr-3721	224	12	has	have	AUX
fsr-3721	224	13	been	be	AUX
fsr-3721	224	14	developed	develop	VERB
fsr-3721	224	15	.	.	PUNCT
fsr-3721	225	1	clearly	clearly	ADV
fsr-3721	225	2	it	it	PRON
fsr-3721	225	3	would	would	AUX
fsr-3721	225	4	be	be	AUX
fsr-3721	225	5	desirable	desirable	ADJ
fsr-3721	225	6	to	to	PART
fsr-3721	225	7	extend	extend	VERB
fsr-3721	225	8	the	the	DET
fsr-3721	225	9	model	model	NOUN
fsr-3721	225	10	to	to	ADP
fsr-3721	225	11	the	the	DET
fsr-3721	225	12	borrowing	borrowing	NOUN
fsr-3721	225	13	and	and	CCONJ
fsr-3721	225	14	saving	save	VERB
fsr-3721	225	15	decisions	decision	NOUN
fsr-3721	225	16	over	over	ADP
fsr-3721	225	17	more	more	ADJ
fsr-3721	225	18	than	than	ADP
fsr-3721	225	19	two	two	NUM
fsr-3721	225	20	time	time	NOUN
fsr-3721	225	21	periods	period	NOUN
fsr-3721	225	22	.	.	PUNCT
fsr-3721	226	1	more	more	ADV
fsr-3721	226	2	complicated	complicated	ADJ
fsr-3721	226	3	models	model	NOUN
fsr-3721	226	4	such	such	ADJ
fsr-3721	226	5	as	as	ADP
fsr-3721	226	6	multiperiod	multiperiod	NOUN
fsr-3721	226	7	or	or	CCONJ
fsr-3721	226	8	a	a	DET
fsr-3721	226	9	life	life	NOUN
fsr-3721	226	10	span	span	VERB
fsr-3721	226	11	analysis	analysis	NOUN
fsr-3721	226	12	of	of	ADP
fsr-3721	226	13	optimal	optimal	ADJ
fsr-3721	226	14	saving	saving	NOUN
fsr-3721	226	15	and	and	CCONJ
fsr-3721	226	16	borrowing	borrowing	NOUN
fsr-3721	226	17	decisions	decision	NOUN
fsr-3721	226	18	,	,	PUNCT
fsr-3721	226	19	however	however	ADV
fsr-3721	226	20	,	,	PUNCT
fsr-3721	226	21	may	may	AUX
fsr-3721	226	22	require	require	VERB
fsr-3721	226	23	complex	complex	ADJ
fsr-3721	226	24	computer	computer	NOUN
fsr-3721	226	25	programming	programming	NOUN
fsr-3721	226	26	techniques	technique	NOUN
fsr-3721	226	27	.	.	PUNCT
fsr-3721	227	1	fur	fur	NOUN
fsr-3721	227	2	ther	ther	NOUN
fsr-3721	227	3	analyses	analysis	NOUN
fsr-3721	227	4	using	use	VERB
fsr-3721	227	5	empirical	empirical	ADJ
fsr-3721	227	6	data	datum	NOUN
fsr-3721	227	7	may	may	AUX
fsr-3721	227	8	be	be	AUX
fsr-3721	227	9	needed	need	VERB
fsr-3721	227	10	for	for	ADP
fsr-3721	227	11	comparisons	comparison	NOUN
fsr-3721	227	12	between	between	ADP
fsr-3721	227	13	theo	theo	PROPN
fsr-3721	227	14	retical	retical	ADJ
fsr-3721	227	15	and	and	CCONJ
fsr-3721	227	16	empirical	empirical	ADJ
fsr-3721	227	17	results	result	NOUN
fsr-3721	227	18	.	.	PUNCT
fsr-3721	228	1	references	reference	NOUN
fsr-3721	228	2	bae	bae	PROPN
fsr-3721	228	3	,	,	PUNCT
fsr-3721	228	4	mikyeong	mikyeong	NOUN
fsr-3721	228	5	1992	1992	NUM
fsr-3721	228	6	.	.	PUNCT
fsr-3721	229	1	analysis	analysis	NOUN
fsr-3721	229	2	of	of	ADP
fsr-3721	229	3	household	household	NOUN
fsr-3721	229	4	spending	spending	NOUN
fsr-3721	229	5	patterns	pattern	NOUN
fsr-3721	229	6	.	.	PUNCT
fsr-3721	230	1	ph.d	ph.d	PROPN
fsr-3721	230	2	.	.	PUNCT
fsr-3721	231	1	dissertation	dissertation	NOUN
fsr-3721	231	2	,	,	PUNCT
fsr-3721	231	3	the	the	DET
fsr-3721	231	4	ohio	ohio	PROPN
fsr-3721	231	5	state	state	PROPN
fsr-3721	231	6	university	university	PROPN
fsr-3721	231	7	.	.	PUNCT
fsr-3721	232	1	canner	canner	NOUN
fsr-3721	232	2	,	,	PUNCT
fsr-3721	232	3	glennb	glennb	NOUN
fsr-3721	232	4	.	.	PUNCT
fsr-3721	232	5	1988	1988	NUM
fsr-3721	232	6	.	.	PUNCT
fsr-3721	233	1	“	"	PUNCT
fsr-3721	233	2	changes	change	NOUN
fsr-3721	233	3	in	in	ADP
fsr-3721	233	4	consumer	consumer	NOUN
fsr-3721	233	5	holding	holding	NOUN
fsr-3721	233	6	anduseof	anduseof	ADJ
fsr-3721	233	7	credit	credit	NOUN
fsr-3721	233	8	cards	card	NOUN
fsr-3721	233	9	,	,	PUNCT
fsr-3721	233	10	1970	1970	NUM
fsr-3721	233	11	-	-	SYM
fsr-3721	233	12	1986,“journal	1986,“journal	NOUN
fsr-3721	233	13	of	of	ADP
fsr-3721	233	14	retail	retail	ADJ
fsr-3721	233	15	banking	banking	NOUN
fsr-3721	233	16	,	,	PUNCT
fsr-3721	233	17	lo	lo	PROPN
fsr-3721	233	18	(	(	PUNCT
fsr-3721	233	19	l	l	NOUN
fsr-3721	233	20	)	)	PUNCT
fsr-3721	233	21	,	,	PUNCT
fsr-3721	233	22	spring	spring	NOUN
fsr-3721	233	23	,	,	PUNCT
fsr-3721	233	24	13	13	NUM
fsr-3721	233	25	-	-	SYM
fsr-3721	233	26	24	24	NUM
fsr-3721	233	27	.	.	PUNCT
fsr-3721	234	1	chang	chang	PROPN
fsr-3721	234	2	,	,	PUNCT
fsr-3721	234	3	y.	y.	PROPN
fsr-3721	234	4	regina	regina	PROPN
fsr-3721	234	5	,	,	PUNCT
fsr-3721	234	6	and	and	CCONJ
fsr-3721	234	7	lindamood	lindamood	NOUN
fsr-3721	234	8	,	,	PUNCT
fsr-3721	234	9	suzanne	suzanne	PROPN
fsr-3721	234	10	1993	1993	NUM
fsr-3721	234	11	.	.	PUNCT
fsr-3721	235	1	“	"	PUNCT
fsr-3721	235	2	factors	factor	NOUN
fsr-3721	235	3	related	relate	VERB
fsr-3721	235	4	to	to	ADP
fsr-3721	235	5	the	the	DET
fsr-3721	235	6	risk	risk	NOUN
fsr-3721	235	7	of	of	ADP
fsr-3721	235	8	household	household	NOUN
fsr-3721	235	9	income	income	NOUN
fsr-3721	235	10	variability	variability	NOUN
fsr-3721	235	11	,	,	PUNCT
fsr-3721	235	12	”	"	PUNCT
fsr-3721	235	13	financial	financial	ADJ
fsr-3721	235	14	counseling	counseling	NOUN
fsr-3721	235	15	and	and	CCONJ
fsr-3721	235	16	planning	planning	NOUN
fsr-3721	235	17	,	,	PUNCT
fsr-3721	235	18	4,47	4,47	PROPN
fsr-3721	235	19	-	-	SYM
fsr-3721	235	20	66	66	NUM
fsr-3721	235	21	.	.	PUNCT
fsr-3721	236	1	dreze	dreze	PROPN
fsr-3721	236	2	,	,	PUNCT
fsr-3721	236	3	jacques	jacques	PROPN
fsr-3721	236	4	h.	h.	PROPN
fsr-3721	236	5	,	,	PUNCT
fsr-3721	236	6	and	and	CCONJ
fsr-3721	236	7	modigliani	modigliani	PROPN
fsr-3721	236	8	,	,	PUNCT
fsr-3721	236	9	france	france	PROPN
fsr-3721	236	10	1972	1972	NUM
fsr-3721	236	11	.	.	PUNCT
fsr-3721	237	1	“	"	PUNCT
fsr-3721	237	2	consumption	consumption	NOUN
fsr-3721	237	3	decision	decision	NOUN
fsr-3721	237	4	under	under	ADP
fsr-3721	237	5	uncertainty	uncertainty	NOUN
fsr-3721	237	6	,	,	PUNCT
fsr-3721	237	7	”	"	PUNCT
fsr-3721	237	8	joumal	joumal	NOUN
fsr-3721	237	9	of	of	ADP
fsr-3721	237	10	economic	economic	ADJ
fsr-3721	237	11	theory	theory	NOUN
fsr-3721	237	12	,	,	PUNCT
fsr-3721	237	13	5(3	5(3	NUM
fsr-3721	237	14	)	)	PUNCT
fsr-3721	237	15	,	,	PUNCT
fsr-3721	237	16	december	december	PROPN
fsr-3721	237	17	,	,	PUNCT
fsr-3721	237	18	308	308	NUM
fsr-3721	237	19	-	-	SYM
fsr-3721	237	20	335	335	NUM
fsr-3721	237	21	.	.	PUNCT
fsr-3721	238	1	5s	5s	ADJ
fsr-3721	238	2	financial	financial	ADJ
fsr-3721	238	3	services	service	NOUN
fsr-3721	238	4	review	review	NOUN
fsr-3721	238	5	,	,	PUNCT
fsr-3721	238	6	3(l	3(l	NUM
fsr-3721	238	7	)	)	PUNCT
fsr-3721	238	8	1993	1993	NUM
fsr-3721	238	9	eastwood	eastwood	NOUN
fsr-3721	238	10	,	,	PUNCT
fsr-3721	238	11	david	david	PROPN
fsr-3721	238	12	b.	b.	PROPN
fsr-3721	238	13	1985	1985	NUM
fsr-3721	238	14	.	.	PUNCT
fsr-3721	239	1	“	"	PUNCT
fsr-3721	239	2	a	a	DET
fsr-3721	239	3	re	re	NOUN
fsr-3721	239	4	-	-	NOUN
fsr-3721	239	5	examination	examination	NOUN
fsr-3721	239	6	of	of	ADP
fsr-3721	239	7	consumer	consumer	NOUN
fsr-3721	239	8	credit	credit	NOUN
fsr-3721	239	9	growth	growth	NOUN
fsr-3721	239	10	,	,	PUNCT
fsr-3721	239	11	”	"	PUNCT
fsr-3721	239	12	in	in	ADP
fsr-3721	239	13	karen	karen	PROPN
fsr-3721	239	14	p.	p.	PROPN
fsr-3721	239	15	schnittgrund	schnittgrund	PROPN
fsr-3721	239	16	(	(	PUNCT
fsr-3721	239	17	ed	ed	NOUN
fsr-3721	239	18	.	.	PUNCT
fsr-3721	239	19	)	)	PUNCT
fsr-3721	240	1	proceedings	proceeding	NOUN
fsr-3721	240	2	of	of	ADP
fsr-3721	240	3	the	the	DET
fsr-3721	240	4	31st	31st	ADJ
fsr-3721	240	5	annual	annual	ADJ
fsr-3721	240	6	conference	conference	NOUN
fsr-3721	240	7	of	of	ADP
fsr-3721	240	8	american	american	PROPN
fsr-3721	240	9	council	council	PROPN
fsr-3721	240	10	on	on	ADP
fsr-3721	240	11	consumer	consumer	NOUN
fsr-3721	240	12	interests	interest	NOUN
fsr-3721	240	13	,	,	PUNCT
fsr-3721	240	14	missouri	missouri	PROPN
fsr-3721	240	15	,	,	PUNCT
fsr-3721	240	16	columbia	columbia	PROPN
fsr-3721	240	17	:	:	PUNCT
fsr-3721	240	18	american	american	PROPN
fsr-3721	240	19	council	council	PROPN
fsr-3721	240	20	on	on	ADP
fsr-3721	240	21	consumer	consumer	NOUN
fsr-3721	240	22	interests	interest	NOUN
fsr-3721	240	23	,	,	PUNCT
fsr-3721	240	24	169	169	NUM
fsr-3721	240	25	-	-	SYM
fsr-3721	240	26	174	174	NUM
fsr-3721	240	27	.	.	PUNCT
fsr-3721	241	1	fisher	fisher	PROPN
fsr-3721	241	2	,	,	PUNCT
fsr-3721	241	3	irving	irving	PROPN
fsr-3721	241	4	1930	1930	NUM
fsr-3721	241	5	.	.	PUNCT
fsr-3721	242	1	the	the	DET
fsr-3721	242	2	theory	theory	NOUN
fsr-3721	242	3	of	of	ADP
fsr-3721	242	4	interest	interest	NOUN
fsr-3721	242	5	.	.	PUNCT
fsr-3721	243	1	new	new	PROPN
fsr-3721	243	2	york	york	PROPN
fsr-3721	243	3	:	:	PUNCT
fsr-3721	243	4	macmillan	macmillan	PROPN
fsr-3721	243	5	co.	co.	PROPN
fsr-3721	243	6	grossman	grossman	PROPN
fsr-3721	243	7	,	,	PUNCT
fsr-3721	243	8	sanford	sanford	PROPN
fsr-3721	243	9	j.	j.	PROPN
fsr-3721	243	10	,	,	PUNCT
fsr-3721	243	11	and	and	CCONJ
fsr-3721	243	12	shiller	shiller	PROPN
fsr-3721	243	13	,	,	PUNCT
fsr-3721	243	14	robert	robert	PROPN
fsr-3721	243	15	j.	j.	PROPN
fsr-3721	243	16	1981	1981	NUM
fsr-3721	243	17	.	.	PUNCT
fsr-3721	244	1	‘	'	PUNCT
fsr-3721	244	2	the	the	DET
fsr-3721	244	3	determinants	determinant	NOUN
fsr-3721	244	4	of	of	ADP
fsr-3721	244	5	the	the	DET
fsr-3721	244	6	variability	variability	NOUN
fsr-3721	244	7	of	of	ADP
fsr-3721	244	8	stock	stock	NOUN
fsr-3721	244	9	market	market	NOUN
fsr-3721	244	10	prices	price	NOUN
fsr-3721	244	11	,	,	PUNCT
fsr-3721	244	12	”	"	PUNCT
fsr-3721	244	13	american	american	PROPN
fsr-3721	244	14	economic	economic	PROPN
fsr-3721	244	15	review	review	PROPN
fsr-3721	244	16	:	:	PUNCT
fsr-3721	244	17	papers	paper	NOUN
fsr-3721	244	18	and	and	CCONJ
fsr-3721	244	19	proceedings	proceeding	NOUN
fsr-3721	244	20	,	,	PUNCT
fsr-3721	244	21	7	7	NUM
fsr-3721	244	22	l(2	l(2	NOUN
fsr-3721	244	23	)	)	PUNCT
fsr-3721	244	24	.	.	PUNCT
fsr-3721	245	1	may	may	AUX
fsr-3721	245	2	,	,	PUNCT
fsr-3721	245	3	222	222	NUM
fsr-3721	245	4	-	-	SYM
fsr-3721	245	5	227	227	NUM
fsr-3721	245	6	.	.	PUNCT
fsr-3721	245	7	hall	hall	PROPN
fsr-3721	245	8	,	,	PUNCT
fsr-3721	245	9	robert	robert	PROPN
fsr-3721	245	10	1988	1988	NUM
fsr-3721	245	11	.	.	PUNCT
fsr-3721	246	1	“	"	PUNCT
fsr-3721	246	2	intertemporal	intertemporal	ADJ
fsr-3721	246	3	substitution	substitution	NOUN
fsr-3721	246	4	in	in	ADP
fsr-3721	246	5	consumption	consumption	NOUN
fsr-3721	246	6	,	,	PUNCT
fsr-3721	246	7	”	"	PUNCT
fsr-3721	246	8	journal	journal	NOUN
fsr-3721	246	9	ofpolitical	ofpolitical	ADJ
fsr-3721	246	10	economy	economy	NOUN
fsr-3721	246	11	,	,	PUNCT
fsr-3721	246	12	96(2	96(2	NUM
fsr-3721	246	13	)	)	PUNCT
fsr-3721	246	14	,	,	PUNCT
fsr-3721	246	15	339	339	NUM
fsr-3721	246	16	-	-	SYM
fsr-3721	246	17	357	357	NUM
fsr-3721	246	18	.	.	PUNCT
fsr-3721	246	19	hamra	hamra	PROPN
fsr-3721	246	20	,	,	PUNCT
fsr-3721	246	21	sherman	sherman	NOUN
fsr-3721	246	22	1988	1988	NUM
fsr-3721	246	23	.	.	PUNCT
fsr-3721	247	1	“	"	PUNCT
fsr-3721	247	2	risk	risk	NOUN
fsr-3721	247	3	aversion	aversion	NOUN
fsr-3721	247	4	and	and	CCONJ
fsr-3721	247	5	optimal	optimal	ADJ
fsr-3721	247	6	insurauce	insurauce	ADJ
fsr-3721	247	7	deductibles	deductible	NOUN
fsr-3721	247	8	.	.	PUNCT
fsr-3721	247	9	”	"	PUNCT
fsr-3721	248	1	american	american	PROPN
fsr-3721	248	2	council	council	PROPN
fsr-3721	248	3	on	on	ADP
fsr-3721	248	4	consumer	consumer	NOUN
fsr-3721	248	5	interests	interest	NOUN
fsr-3721	248	6	proceedings	proceeding	NOUN
fsr-3721	248	7	,	,	PUNCT
fsr-3721	248	8	141	141	NUM
fsr-3721	248	9	-	-	SYM
fsr-3721	248	10	147	147	NUM
fsr-3721	248	11	.	.	PUNCT
fsr-3721	249	1	herendeen	herendeen	PROPN
fsr-3721	249	2	,	,	PUNCT
fsr-3721	249	3	james	james	PROPN
fsr-3721	249	4	3	3	NUM
fsr-3721	249	5	.	.	PROPN
fsr-3721	249	6	1975	1975	NUM
fsr-3721	249	7	.	.	PUNCT
fsr-3721	250	1	“	"	PUNCT
fsr-3721	250	2	the	the	DET
fsr-3721	250	3	role	role	NOUN
fsr-3721	250	4	of	of	ADP
fsr-3721	250	5	credit	credit	NOUN
fsr-3721	250	6	in	in	ADP
fsr-3721	250	7	the	the	DET
fsr-3721	250	8	theory	theory	NOUN
fsr-3721	250	9	of	of	ADP
fsr-3721	250	10	the	the	DET
fsr-3721	250	11	household	household	NOUN
fsr-3721	250	12	,	,	PUNCT
fsr-3721	250	13	”	"	PUNCT
fsr-3721	250	14	the	the	DET
fsr-3721	250	15	joamal	joamal	NOUN
fsr-3721	250	16	of	of	ADP
fsr-3721	250	17	consumeraffairs	consumeraffair	NOUN
fsr-3721	250	18	,	,	PUNCT
fsr-3721	250	19	8,157	8,157	NUM
fsr-3721	250	20	-	-	SYM
fsr-3721	250	21	181	181	NUM
fsr-3721	250	22	.	.	PUNCT
fsr-3721	251	1	hey	hey	INTJ
fsr-3721	251	2	,	,	PUNCT
fsr-3721	251	3	john	john	PROPN
fsr-3721	251	4	d.	d.	PROPN
fsr-3721	251	5	1979	1979	NUM
fsr-3721	251	6	.	.	PUNCT
fsr-3721	252	1	uncertainty	uncertainty	NOUN
fsr-3721	252	2	in	in	ADP
fsr-3721	252	3	microeconomics	microeconomics	PROPN
fsr-3721	252	4	,	,	PUNCT
fsr-3721	252	5	new	new	PROPN
fsr-3721	252	6	york	york	PROPN
fsr-3721	252	7	:	:	PUNCT
fsr-3721	252	8	new	new	PROPN
fsr-3721	252	9	york	york	PROPN
fsr-3721	252	10	university	university	PROPN
fsr-3721	252	11	press	press	NOUN
fsr-3721	252	12	.	.	PUNCT
fsr-3721	253	1	hirshleifer	hirshleifer	NOUN
fsr-3721	253	2	,	,	PUNCT
fsr-3721	253	3	jack	jack	PROPN
fsr-3721	253	4	1970	1970	NUM
fsr-3721	253	5	.	.	PUNCT
fsr-3721	254	1	investment	investment	NOUN
fsr-3721	254	2	,	,	PUNCT
fsr-3721	254	3	interestandcapital	interestandcapital	PROPN
fsr-3721	254	4	,	,	PUNCT
fsr-3721	254	5	englewood	englewood	PROPN
fsr-3721	254	6	cliffs	cliff	NOUN
fsr-3721	254	7	:	:	PUNCT
fsr-3721	254	8	new	new	PROPN
fsr-3721	254	9	jersey	jersey	PROPN
fsr-3721	254	10	,	,	PUNCT
fsr-3721	254	11	prentice	prentice	NOUN
fsr-3721	254	12	hall	hall	PROPN
fsr-3721	254	13	.	.	PUNCT
fsr-3721	255	1	hurd	hurd	PROPN
fsr-3721	255	2	,	,	PUNCT
fsr-3721	255	3	michael	michael	PROPN
fsr-3721	255	4	d.	d.	PROPN
fsr-3721	255	5	1989	1989	NUM
fsr-3721	255	6	.	.	PUNCT
fsr-3721	256	1	“	"	PUNCT
fsr-3721	256	2	mortality	mortality	NOUN
fsr-3721	256	3	risk	risk	NOUN
fsr-3721	256	4	and	and	CCONJ
fsr-3721	256	5	bequests	bequest	NOUN
fsr-3721	256	6	,	,	PUNCT
fsr-3721	256	7	”	"	PUNCT
fsr-3721	256	8	econometrica	econometrica	PROPN
fsr-3721	256	9	,	,	PUNCT
fsr-3721	256	10	57(4	57(4	NUM
fsr-3721	256	11	)	)	PUNCT
fsr-3721	256	12	,	,	PUNCT
fsr-3721	256	13	779	779	NUM
fsr-3721	256	14	-	-	SYM
fsr-3721	256	15	813	813	NUM
fsr-3721	256	16	.	.	PUNCT
fsr-3721	257	1	kimball	kimball	PROPN
fsr-3721	257	2	,	,	PUNCT
fsr-3721	257	3	miles	miles	PROPN
fsr-3721	257	4	s.	s.	PROPN
fsr-3721	257	5	1988	1988	NUM
fsr-3721	257	6	.	.	PUNCT
fsr-3721	258	1	“	"	PUNCT
fsr-3721	258	2	farmers	farmer	NOUN
fsr-3721	258	3	’	'	PUNCT
fsr-3721	258	4	cooperatives	cooperative	NOUN
fsr-3721	258	5	as	as	ADP
fsr-3721	258	6	behavior	behavior	NOUN
fsr-3721	258	7	toward	toward	ADP
fsr-3721	258	8	risk	risk	NOUN
fsr-3721	258	9	,	,	PUNCT
fsr-3721	258	10	”	"	PUNCT
fsr-3721	258	11	american	american	PROPN
fsr-3721	258	12	economic	economic	PROPN
fsr-3721	258	13	review	review	PROPN
fsr-3721	258	14	,	,	PUNCT
fsr-3721	258	15	78(l	78(l	PROPN
fsr-3721	258	16	)	)	PUNCT
fsr-3721	258	17	,	,	PUNCT
fsr-3721	258	18	224	224	NUM
fsr-3721	258	19	-	-	SYM
fsr-3721	258	20	232	232	NUM
fsr-3721	258	21	.	.	PUNCT
fsr-3721	259	1	kinsey	kinsey	PROPN
fsr-3721	259	2	,	,	PUNCT
fsr-3721	259	3	jean	jean	PROPN
fsr-3721	259	4	,	,	PUNCT
fsr-3721	259	5	and	and	CCONJ
fsr-3721	259	6	lane	lane	NOUN
fsr-3721	259	7	,	,	PUNCT
fsr-3721	259	8	sylvia	sylvia	PROPN
fsr-3721	259	9	1978	1978	NUM
fsr-3721	259	10	.	.	PUNCT
fsr-3721	260	1	‘	'	PUNCT
fsr-3721	260	2	the	the	DET
fsr-3721	260	3	effect	effect	NOUN
fsr-3721	260	4	of	of	ADP
fsr-3721	260	5	debt	debt	NOUN
fsr-3721	260	6	on	on	ADP
fsr-3721	260	7	perceived	perceive	VERB
fsr-3721	260	8	household	household	NOUN
fsr-3721	260	9	welfare	welfare	NOUN
fsr-3721	260	10	,	,	PUNCT
fsr-3721	260	11	”	"	PUNCT
fsr-3721	260	12	the	the	DET
fsr-3721	260	13	journal	journal	NOUN
fsr-3721	260	14	of	of	ADP
fsr-3721	260	15	consumer	consumer	NOUN
fsr-3721	260	16	a$nirs	a$nirs	PROPN
fsr-3721	260	17	,	,	PUNCT
fsr-3721	260	18	12	12	NUM
fsr-3721	260	19	(	(	PUNCT
fsr-3721	260	20	1	1	NUM
fsr-3721	260	21	)	)	PUNCT
fsr-3721	260	22	,	,	PUNCT
fsr-3721	260	23	(	(	PUNCT
fsr-3721	260	24	summer	summer	NOUN
fsr-3721	260	25	)	)	PUNCT
fsr-3721	260	26	,	,	PUNCT
fsr-3721	260	27	48	48	NUM
fsr-3721	260	28	-	-	SYM
fsr-3721	260	29	62	62	NUM
fsr-3721	260	30	.	.	PUNCT
fsr-3721	261	1	leland	leland	PROPN
fsr-3721	261	2	,	,	PUNCT
fsr-3721	261	3	hayne	hayne	PROPN
fsr-3721	261	4	e.	e.	PROPN
fsr-3721	261	5	1968	1968	NUM
fsr-3721	261	6	.	.	PUNCT
fsr-3721	262	1	“	"	PUNCT
fsr-3721	262	2	saving	save	VERB
fsr-3721	262	3	and	and	CCONJ
fsr-3721	262	4	uncertainty	uncertainty	NOUN
fsr-3721	262	5	:	:	PUNCT
fsr-3721	262	6	the	the	DET
fsr-3721	262	7	precautionary	precautionary	ADJ
fsr-3721	262	8	demand	demand	NOUN
fsr-3721	262	9	for	for	ADP
fsr-3721	262	10	saving	saving	NOUN
fsr-3721	262	11	,	,	PUNCT
fsr-3721	262	12	”	"	PUNCT
fsr-3721	262	13	quarterly	quarterly	ADJ
fsr-3721	262	14	journal	journal	NOUN
fsr-3721	262	15	of	of	ADP
fsr-3721	262	16	ecotzumics	ecotzumic	NOUN
fsr-3721	262	17	,	,	PUNCT
fsr-3721	262	18	lxxxil(3	lxxxil(3	PROPN
fsr-3721	262	19	)	)	PUNCT
fsr-3721	262	20	,	,	PUNCT
fsr-3721	262	21	465473	465473	NUM
fsr-3721	262	22	.	.	PUNCT
fsr-3721	263	1	levhari	levhari	PROPN
fsr-3721	263	2	,	,	PUNCT
fsr-3721	263	3	david	david	PROPN
fsr-3721	263	4	,	,	PUNCT
fsr-3721	263	5	and	and	CCONJ
fsr-3721	263	6	srinivasan	srinivasan	NOUN
fsr-3721	263	7	,	,	PUNCT
fsr-3721	263	8	t.	t.	PROPN
fsr-3721	263	9	n.	n.	PROPN
fsr-3721	263	10	1969	1969	NUM
fsr-3721	263	11	.	.	PUNCT
fsr-3721	264	1	“	"	PUNCT
fsr-3721	264	2	gptimal	gptimal	ADJ
fsr-3721	264	3	savings	saving	NOUN
fsr-3721	264	4	under	under	ADP
fsr-3721	264	5	unce	unce	NOUN
fsr-3721	264	6	~	~	SYM
fsr-3721	264	7	n~~	n~~	PROPN
fsr-3721	264	8	review	review	NOUN
fsr-3721	264	9	of	of	ADP
fsr-3721	264	10	~ono	~ono	PROPN
fsr-3721	264	11	~	~	X
fsr-3721	264	12	c~~~s	c~~~	NOUN
fsr-3721	264	13	,	,	PUNCT
fsr-3721	264	14	36(106	36(106	NOUN
fsr-3721	264	15	)	)	PUNCT
fsr-3721	264	16	,	,	PUNCT
fsr-3721	264	17	153	153	NUM
fsr-3721	264	18	-	-	SYM
fsr-3721	264	19	163	163	NUM
fsr-3721	264	20	.	.	PUNCT
fsr-3721	265	1	mirman	mirman	NOUN
fsr-3721	265	2	,	,	PUNCT
fsr-3721	265	3	leonard	leonard	PROPN
fsr-3721	265	4	1971	1971	NUM
fsr-3721	265	5	.	.	PUNCT
fsr-3721	266	1	“	"	PUNCT
fsr-3721	266	2	uncertainty	uncertainty	NOUN
fsr-3721	266	3	and	and	CCONJ
fsr-3721	266	4	optimal	optimal	ADJ
fsr-3721	266	5	consumption	consumption	NOUN
fsr-3721	266	6	decisions	decision	NOUN
fsr-3721	266	7	,	,	PUNCT
fsr-3721	266	8	”	"	PUNCT
fsr-3721	266	9	econometrica	econometrica	PROPN
fsr-3721	266	10	,	,	PUNCT
fsr-3721	266	11	39(l	39(l	NUM
fsr-3721	266	12	)	)	PUNCT
fsr-3721	266	13	,	,	PUNCT
fsr-3721	266	14	179	179	NUM
fsr-3721	266	15	-	-	SYM
fsr-3721	266	16	185	185	NUM
fsr-3721	266	17	.	.	PUNCT
fsr-3721	267	1	sandmo	sandmo	NOUN
fsr-3721	267	2	,	,	PUNCT
fsr-3721	267	3	agnar	agnar	PROPN
fsr-3721	267	4	1970	1970	NUM
fsr-3721	267	5	.	.	PUNCT
fsr-3721	268	1	‘	'	PUNCT
fsr-3721	268	2	the	the	DET
fsr-3721	268	3	effect	effect	NOUN
fsr-3721	268	4	of	of	ADP
fsr-3721	268	5	uncertainty	uncertainty	NOUN
fsr-3721	268	6	on	on	ADP
fsr-3721	268	7	saving	save	VERB
fsr-3721	268	8	decisions	decision	NOUN
fsr-3721	268	9	,	,	PUNCT
fsr-3721	268	10	”	"	PUNCT
fsr-3721	268	11	review	review	NOUN
fsr-3721	268	12	of	of	ADP
fsr-3721	268	13	economic	economic	ADJ
fsr-3721	268	14	studies	study	NOUN
fsr-3721	268	15	,	,	PUNCT
fsr-3721	268	16	37(11	37(11	NUM
fsr-3721	268	17	l	l	NOUN
fsr-3721	268	18	)	)	PUNCT
fsr-3721	268	19	,	,	PUNCT
fsr-3721	268	20	353	353	NUM
fsr-3721	268	21	-	-	SYM
fsr-3721	268	22	360	360	NUM
fsr-3721	268	23	.	.	PUNCT
fsr-3721	269	1	salyer	salyer	PROPN
fsr-3721	269	2	,	,	PUNCT
fsr-3721	269	3	kevin	kevin	PROPN
fsr-3721	269	4	d.	d.	PROPN
fsr-3721	269	5	1988	1988	NUM
fsr-3721	269	6	.	.	PUNCT
fsr-3721	270	1	“	"	PUNCT
fsr-3721	270	2	the	the	DET
fsr-3721	270	3	characterization	characterization	NOUN
fsr-3721	270	4	of	of	ADP
fsr-3721	270	5	savings	saving	NOUN
fsr-3721	270	6	under	under	ADP
fsr-3721	270	7	uncertainty	uncertainty	NOUN
fsr-3721	270	8	:	:	PUNCT
fsr-3721	270	9	the	the	DET
fsr-3721	270	10	case	case	NOUN
fsr-3721	270	11	of	of	ADP
fsr-3721	270	12	serially	serially	ADV
fsr-3721	270	13	correlated	correlate	VERB
fsr-3721	270	14	returns	return	NOUN
fsr-3721	270	15	,	,	PUNCT
fsr-3721	270	16	“	"	PUNCT
fsr-3721	270	17	’	'	PUNCT
fsr-3721	270	18	economic	economic	ADJ
fsr-3721	270	19	letters	letter	NOUN
fsr-3721	270	20	,	,	PUNCT
fsr-3721	270	21	26	26	NUM
fsr-3721	270	22	(	(	PUNCT
fsr-3721	270	23	1	1	NUM
fsr-3721	270	24	)	)	PUNCT
fsr-3721	270	25	,	,	PUNCT
fsr-3721	270	26	21	21	NUM
fsr-3721	270	27	-	-	SYM
fsr-3721	270	28	27	27	NUM
fsr-3721	270	29	.	.	PUNCT
fsr-3721	271	1	skinner	skinner	PROPN
fsr-3721	271	2	,	,	PUNCT
fsr-3721	271	3	jonathan	jonathan	PROPN
fsr-3721	271	4	1985	1985	NUM
fsr-3721	271	5	.	.	PUNCT
fsr-3721	272	1	“	"	PUNCT
fsr-3721	272	2	variable	variable	ADJ
fsr-3721	272	3	lifespan	lifespan	NOUN
fsr-3721	272	4	and	and	CCONJ
fsr-3721	272	5	the	the	DET
fsr-3721	272	6	intertemporal	intertemporal	ADJ
fsr-3721	272	7	elasticity	elasticity	NOUN
fsr-3721	272	8	of	of	ADP
fsr-3721	272	9	consumption	consumption	NOUN
fsr-3721	272	10	,	,	PUNCT
fsr-3721	272	11	”	"	PUNCT
fsr-3721	272	12	review	review	NOUN
fsr-3721	272	13	of	of	ADP
fsr-3721	272	14	economics	economic	NOUN
fsr-3721	272	15	and	and	CCONJ
fsr-3721	272	16	statistics	statistic	NOUN
fsr-3721	272	17	,	,	PUNCT
fsr-3721	272	18	67,616	67,616	NUM
fsr-3721	272	19	-	-	SYM
fsr-3721	272	20	623	623	NUM
fsr-3721	272	21	.	.	PUNCT
fsr-3721	273	1	sibley	sibley	PROPN
fsr-3721	273	2	,	,	PUNCT
fsr-3721	273	3	david	david	PROPN
fsr-3721	273	4	s.	s.	PROPN
fsr-3721	273	5	1975	1975	NUM
fsr-3721	273	6	.	.	PUNCT
fsr-3721	274	1	“	"	PUNCT
fsr-3721	274	2	permanent	permanent	ADJ
fsr-3721	274	3	and	and	CCONJ
fsr-3721	274	4	transitory	transitory	ADJ
fsr-3721	274	5	income	income	NOUN
fsr-3721	274	6	effects	effect	NOUN
fsr-3721	274	7	in	in	ADP
fsr-3721	274	8	a	a	DET
fsr-3721	274	9	model	model	NOUN
fsr-3721	274	10	of	of	ADP
fsr-3721	274	11	optimal	optimal	ADJ
fsr-3721	274	12	consumption	consumption	NOUN
fsr-3721	274	13	with	with	ADP
fsr-3721	274	14	wage	wage	NOUN
fsr-3721	274	15	income	income	NOUN
fsr-3721	274	16	uncertainty	uncertainty	NOUN
fsr-3721	274	17	,	,	PUNCT
fsr-3721	274	18	”	"	PUNCT
fsr-3721	274	19	journal	journal	NOUN
fsr-3721	274	20	of	of	ADP
fsr-3721	274	21	economic	economic	ADJ
fsr-3721	274	22	theou	theou	NOUN
fsr-3721	274	23	,	,	PUNCT
fsr-3721	274	24	1	1	NUM
fsr-3721	274	25	i	i	NOUN
fsr-3721	274	26	(	(	PUNCT
fsr-3721	274	27	i	i	PROPN
fsr-3721	274	28	)	)	PUNCT
fsr-3721	274	29	,	,	PUNCT
fsr-3721	274	30	august	august	PROPN
fsr-3721	274	31	,	,	PUNCT
fsr-3721	274	32	68	68	NUM
fsr-3721	274	33	-	-	SYM
fsr-3721	274	34	82	82	NUM
fsr-3721	274	35	.	.	PUNCT
fsr-3721	274	36	yunker	yunker	PROPN
fsr-3721	274	37	,	,	PUNCT
fsr-3721	274	38	james	james	PROPN
fsr-3721	274	39	a.	a.	PROPN
fsr-3721	274	40	1992	1992	NUM
fsr-3721	274	41	.	.	PUNCT
fsr-3721	275	1	“	"	PUNCT
fsr-3721	275	2	‘	'	PUNCT
fsr-3721	275	3	reiatively	reiatively	ADV
fsr-3721	275	4	stable	stable	ADJ
fsr-3721	275	5	lifetime	lifetime	NOUN
fsr-3721	275	6	consumption	consumption	NOUN
fsr-3721	275	7	as	as	ADP
fsr-3721	275	8	evidence	evidence	NOUN
fsr-3721	275	9	of	of	ADP
fsr-3721	275	10	positive	positive	ADJ
fsr-3721	275	11	time	time	NOUN
fsr-3721	275	12	preference	preference	NOUN
fsr-3721	275	13	,	,	PUNCT
fsr-3721	275	14	”	"	PUNCT
fsr-3721	275	15	jotuna	jotuna	PROPN
fsr-3721	275	16	of	of	ADP
fsr-3721	275	17	post	post	PROPN
fsr-3721	275	18	kiss	kiss	VERB
fsr-3721	275	19	economics	economic	NOUN
fsr-3721	275	20	,	,	PUNCT
fsr-3721	275	21	14(3	14(3	NUM
fsr-3721	275	22	)	)	PUNCT
fsr-3721	275	23	,	,	PUNCT
fsr-3721	275	24	347	347	NUM
fsr-3721	275	25	-	-	SYM
fsr-3721	275	26	366	366	NUM
fsr-3721	275	27	.	.	PUNCT