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Precautionary savings and wealth accumulation with parameter uncertainty and learning

Sampson, Michael J. - 1994

This paper considers the intertemporal consumption/savings decision when income follows a random walk with drift and … 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/10011621319

Precautionary savings and wealth accumulation with parameter uncertainty and learning

Sampson, Michael J. - 1994

Persistent link: https://www.econbiz.de/10013427975

The effect of wealth on worker productivity

Eeckhout, Jan; Sepahsalari, Alireza - 2020

Persistent link: https://www.econbiz.de/10012820023

Households' financial resilience, risk perceptions, and financial literacy : evidence from a survey experiment

Bucher-Koenen, Tabea; Fessler, Pirmin; Silgoner, Maria … - 2023 - This version: 21 December 2023

We examine the financial resilience of Austrian households, relating it to their experience of financial shocks earlier in life and to their financial literacy. We find that previous negative (positive) financial shocks are negatively (positively) related to financial resilience. Financial...

Persistent link: https://www.econbiz.de/10014473206