Precautionary Saving
Precautionary Saving and Social Insurance
... This paper argues that a life-cycle model can replicate observed patterns in household wealth accumulation after accounting explicitly for precautionary saving and asset-based means- tes[r] ...
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Precautionary Saving and Consumption Smoothing Across Time and Possibilities
... a precautionary saving motive stronger than risk aversion uses the more subtle symmetry of a single-crossing property in two arguments that both have a zero marginal effect on the objective function at a ...
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Precautionary Saving of Chinese and US Households
... The Tianamen Square protests in 1989 marked a turning point after which many policies were reversed. The focus shifted away from the rural economy towards the urban areas. This second phase of reform centered on ...
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Precautionary saving and portfolio allocation: DP by GMM
... Several special cases of the budgeting problem without income risk can be solved analytically, for example by the guess-and-verify method. Sargent (1987, pages 31-35) gave two discrete-time examples. Our algorithm is the ...
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Precautionary Saving, Borrowing Constraints, and Fiscal Policy
... Figures 1, 2 and 3 represent changes in optimal consumption as borrowing constraints change, when the CRRA coefficient γ = 1 , 2, and 3, respectively. Consistently with previous studies, the consumption functions are ...
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The importance of precautionary saving motive among Indonesian households
... the precautionary motive in Fisher (1956) and Friedman (1957), as well as Skinner (1987), who tabulated saving rates by ...the precautionary saving hypothesis - Skinner found that the highest ...
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Borrowing constraints, the cost of precautionary saving and unemployment insurance
... From the point of view of an individual worker, the value of unemployment insurance will depend on how di¢ cult it is to self-insure. This in turn will depend on the cost of borrowing (credit market imperfections) and on ...
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Disentangling the Importance of the Precautionary Saving Mode
... of precautionary wealth to insure against ...that precautionary savings become sizable and important for two specific groups: business owners and those older than ...the precautionary saving ...
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Precautionary Saving and Consumption Fluctuations
... First, incomplete markets lead to countercyclical expected consumption growth. The point estimates imply that an expected one percent increase in the prime-age male unemployment rate is associated with just over a one ...
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"Precautionary Saving under LiquidityConstraints: Evidence from Rural Pakistan"
... and precautionary saving using the household panel data from rural ...of precautionary saving in ...exhibit precautionary saving ...of precautionary saving in ...
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Precautionary Saving and Income Uncertainty in Germany: New Evidence from Microdata
... that precautionary savings explain 2% of total ...that precautionary wealth ranges from 20% to 24% of total ...that precautionary saving generates a considerable share of ...of saving ...
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Precautionary saving and income uncertainty in Germany - new evidence from microdata
... that precautionary savings explain 2% of total ...that precautionary wealth ranges from 20% to 24% of total ...that precautionary saving generates a considerable share of ...of saving ...
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Precautionary saving in Spain during the Great Recession: evidence from a panel of uncertainty indicators
... the precautionary savings hypothesis for a sample of Spanish households, using a panel of uncertainty measures, both subjective and objective, constructed from the Survey of Household Finance (Encuesta Financiera ...
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The Precautionary Saving Motive and Wealth Accumulation
... the precautionary saving ...de…ned, precautionary savings were found as being a negligible or extremely relevant determinant of saving ...
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Consumption uncertainty and precautionary saving
... the precautionary saving ...of precautionary saving but does not deliver estimates of the parameters of the utility function (such as the coefficient of relative ...
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Precautionary Saving Over the Lifecycle
... private saving behavior are the life—cycle, or “overlapping generations,” model and the dynastic ...as saving predicated on a very short time horizon, traditional life—cycle wealth accumulation (and ...
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Precautionary Saving: a review of the theory and the evidence
... of precautionary savings (see, for example, Zeldes, ...induce precautionary saving even when utility is quadratic, ...the precautionary saving motive (Deaton, 1991; Deidda, 2013; ...
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Health insurance and precautionary saving: a structural analysis
... for precautionary motives, is in- consistent with their empirical finding that US households covered by private health insurance save more than comparable uninsured ...on saving; 2) the health insurance ...
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Precautionary saving from different sources of income - evidence from rural Pakistan
... To help fill that gap, saving suggests, the reasons for this relate to uncertainty: Adams uses five-year panel data to examine how income that is more variable tends to[r] ...
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Analysis of the Precautionary Saving Motive Based on a Subjective Measure : (SAVE 2005-2007)
... He found that the degree of uncertainty (unemployment risk, transitory and permanent income shocks) and the coefficient of relative risk aversion have a strong influence, whereas perm[r] ...
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