Search Results - subject:"precautionary savings"

Quantifying Borrowing Constraints and Precautionary Savings

Nirei, Makoto - In: Review of Economic Dynamics 9 (2006) 2, pp. 353-363

This paper quantifies the effects of precautionary savings. It demonstrates that Zeldes' estimate (1989) of excess …

Persistent link: https://www.econbiz.de/10005069622

Households’ precautionary behaviors—the effects of the introduction of National Health Insurance in Taiwan

Chou, Shin-Yi; Liu, Jin-Tan; Hammitt, James - In: Review of Economics of the Household 4 (2006) 4, pp. 395-421

By reducing risk of large out-of-pocket medical expenses, comprehensive social health insurance may reduce households’ motivation to engage in precautionary behaviors such as saving, procurement of private insurance, and spousal labor-force participation. We use the natural experiment provided...

Persistent link: https://www.econbiz.de/10005678771

Wealth Effects on Consumption: Microeconometric Estimates from a New Survey of Household Finances

Bover, Olympia - C.E.P.R. Discussion Papers - 2006

This paper presents estimates of wealth effects on consumer spending using the first wave of a new survey of household finances (EFF 2002) that contains direct measures of asset holdings and consumption. A distinguishing feature of the EFF is the availability of such information from a...

Persistent link: https://www.econbiz.de/10005136617

Budget Deficits, Tax Risk and Consumption

Becker, Torbjörn - Economics Institute for Research (SIR), … - 1995

the case of lump-sum taxes, it is sufficient to assume that individuals have a precautionary savings motive to obtain the … iso-elastic utility funcition, the standard analysis of capital income risk predicts (precautionary) savings to increase … risk is due to uncertain capital income taxes. In general, the coefficient must be greater than one to obtain precautionary …

Persistent link: https://www.econbiz.de/10005649299

Budget Deficits, Stochastic Population Size and Consumption

Becker, Torbjörn - Economics Institute for Research (SIR), … - 1995

income, and induces precautionary savings. …

Persistent link: https://www.econbiz.de/10005649392

Risky Taxes, Budget Balance Preserving Spreads and Precautionary Savings

Becker, Torbjörn - Economics Institute for Research (SIR), … - 1995

The paper analyzes the effects on consumption from changes in the riskiness of taxes. It starts by reinterpreting the Sandmo [1970] paper on general capital income risk to the case of risky capital taxation. In his framework the concept of a mean preserving spread (MPS) is used for the risk...

Persistent link: https://www.econbiz.de/10005190831

Precautionary Savings or Working Longer Hours?

Pijoan-Mas, Josep - C.E.P.R. Discussion Papers - 2005

This paper quantifies the macroeconomic implications of the lack of insurance against idiosyncratic labour market risk. I show that in a model economy calibrated to observed individual level data, households make ample use of work effort as a consumption smoothing mechanism. As a consequence,...

Persistent link: https://www.econbiz.de/10005661837

Uninsured Idiosyncratic Production Risk With Borrowing Constraints

Covas, Francisco - Society for Computational Economics - SCE - 2005

of a strong precautionary savings motive. Furthermore, the effect of these frictions on entrepreneurial investment …

Persistent link: https://www.econbiz.de/10005706312

The Long-Run Effects of Pay-as-You-Go Medicare on Savings and Consumer Welfare

Hau, Arthur - In: Public Finance Review 33 (2005) 5, pp. 634-655

This article extends earlier results on the short-run effects of a change in insurance coverage on savings and consumer welfare to the case of the long-run effects of a change in pay-as-you-go Medicare coverage on savings and consumer welfare in an overlappinggenerations economy. The notion of...

Persistent link: https://www.econbiz.de/10010552666

Precautionary savings and wealth accumulation with parameter uncertainty and learning

Sampson, Michael J. - 1994

precautionary savings and hence to accumulate more wealth than otherwise. In a calibration exercise it is shown that for a plausible …

Persistent link: https://www.econbiz.de/10010299605