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Precautionary saving and income uncertainty in Germany : new evidence from microdata
Bartzsch, Nikolaus - 2007
The saving ratio of households in Germany has increased in the past few years when the income trend was weak. This could be due to precautionary saving. In this paper, the importance of precautionary saving against income uncertainty is analyzed empirically using micro data from the German...
Persistent link: https://www.econbiz.de/10011628826
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Precautionary Saving and Income Uncertainty in Germany - New Evidence from Microdata
Bartzsch, Nikolaus - 2016
Persistent link: https://www.econbiz.de/10012991161
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Precautionary Saving and Income Uncertainty in Germany - New Evidence from Microdata
Bartzsch, Nikolaus - 2008
The saving ratio of households in Germany has increased in the past few years when the income trend was weak. This could be due to precautionary saving. In this paper, the importance of precautionary saving against income uncertainty is analyzed empirically using micro data from the German...
Persistent link: https://www.econbiz.de/10014220111
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Saving and habit formation : evidence from Dutch panel data
Alessie, Rob; Teppa, Federica - 2002
This paper focuses on the role of habit formation in individual preferencesover consumption and saving. We closely relate to Alessie and Lusardi's(1997) model as we estimate a model which is based on their closed-formsolution, where saving is expressed as a function of lagged saving and...
Persistent link: https://www.econbiz.de/10011327546
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The precautionary saving effect of government consumption
Ercolani, Valerio; Pavoni, Nicola - In: The B.E. journal of macroeconomics 19 (2019) 1, pp. 1-32
Persistent link: https://www.econbiz.de/10011978060
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Remittances, banking status and the usage of insurance schemes
Crayen, Dorothee; Hainz, Christa; Ströh de Martínez, … - 2010
unique data set on the usage patterns of financial services by households in South Africa. We show that the likelihood that a …
Persistent link: https://www.econbiz.de/10003983213
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Household Debt and Delinquency Over the Life Cycle
Chantarat, Sommarat - 2020
This paper uses loan-level data from Thailand's National Credit Bureau to study household debt over the life cycle of borrowers. We decompose two aggregate and commonly used measures of debt — debt per capita and delinquency rate — into components that unveil the extensive and intensive...
Persistent link: https://www.econbiz.de/10012839418
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External Validity in a Stochastic World
Rosenzweig, Mark R. - 2016
We examine the generalizability of internally valid estimates of causal effects in a fixed population over time when that population is subject to aggregate shocks. This temporal external validity is shown to depend upon the distribution of the aggregate shocks and the interaction between these...
Persistent link: https://www.econbiz.de/10012986155
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Identifying the transmission channels of credit supply shocks to household debt : price and non-price effects
Varadi, Alexandra - 2021
debt: one that operates through price conditions in credit markets; and another that operates through non-price credit … age, financial situation, borrower type and income. Young households and home-owners respond exclusively to non-price … margin. But a loosening in price and non-price credit conditions simultaneously or a contraction in multiple price indicators …
Persistent link: https://www.econbiz.de/10013220989
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Income Risk, Precautionary Saving, and Loss Aversion – An Empirical Test
Ibanez, Marcela; Schneider, Sebastian O. - 2021
This paper empirically examines the behavioral precautionary saving hypothesis by Koszegi and Rabin (2009) stating that uncertainty about future income triggers saving because of loss aversion. We extend their theoretical analysis to also consider the internal margin, i.e., the strength, of loss...
Persistent link: https://www.econbiz.de/10013243502