, experimentally elicited loss aversion and precautionary savings. We do so using a sample of 640 individuals from the low-income … theoretical predictions, we find that an increase in income risk is associated with higher savings for loss-averse individuals … uncertainty about future income triggers saving because of loss aversion. We extend their theoretical analysis to also consider …

, experimentally elicited loss aversion and precautionary savings. We do so using a sample of 640 individuals from the low-income … theoretical predictions, we find that an increase in income risk is associated with higher savings for loss-averse individuals … uncertainty about future income triggers saving because of loss aversion. We extend their theoretical analysis to also consider …

empirically study the relation between income risk, experimentally elicited loss aversion, and precautionary savings. We do so …This paper empirically examines the behavioral precautionary saving hypothesis that uncertainty about future income … using a sample of 640 individuals from the low-income population of Bogotá, characterized by limited financial education and …

Many young employees work on a temporary basis, which entails significantly greater income risk than "permanent" work …, even for jobs in the same occupation and at a similar wage. We find that this income uncertainty leads lenders to ration …

-varying investment opportunities and countercyclical risky labor income dynamics. We show that households near retirement will reduce …

The aim of this paper is to identify variables that affect the capability of an individual to earn and save income. Our …

changes in household savings are negatively related to exogenous income shocks, with this relationship strongest for low … both reduce their consumption and increase their savings in response to an exogenous decline in income. …This paper examines the extent to which consumption in Russian households responds to exogenous income shocks. During …

uninsured capital income risk, and suffer from an information-processing capacity constraint. For given attention devoted to … capital income risk, we solve for the optimal consumption-saving choices and show that the expected welfare is increasing with … households would pay more attention to capital income risk if they have (i) lower initial wealth endowment, (ii) lower marginal …