Carroll, Christopher D.; Dynan, Karen E.; Krane, Spencer D. - Federal Reserve Board (Board of Governors of the … - 1999
-practice techniques and some new strategies to relate unemployment probabilities from the Current Population Survey to net worth data from … level of income. This finding is robust to certain restrictions on the sample, but not robust across measures of wealth: We … generally find a significant precautionary motive in broad measures of wealth that include home equity, but not in narrower …