Consumption and precautionary saving: An empirical analysis under both financial and environmental risks

This paper studies the empirical relationship between consumption and saving under two different sources of uncertainty: financial risk and environmental risk. The analysis is carried out using time series data for six advanced economies in the period 1965–2007.

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Year of publication:	2013
Authors:	Baiardi, Donatella ; Manera, Matteo ; Menegatti, Mario
Published in:	Economic Modelling. - Elsevier, ISSN 0264-9993. - Vol. 30.2013, C, p. 157-166
Publisher:	Elsevier
Subject:	Consumption \| Precautionary saving \| Financial risk \| Environmental risk \| Prudence \| Relative risk aversion \| Uncertainty

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Type of publication:	Article
Classification:	D81 - Criteria for Decision-Making under Risk and Uncertainty ; E21 - Consumption; Saving ; Q50 - Environmental Economics. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010608252