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Household Consumption Volatility and Poverty Risk : Case Studies from South Africa and Tanzania
Bellon, Matthieu - 2020
Economic volatility remains a fact of life in Sub Saharan Africa (SSA). Household-level shocks create large consumption fluctuations, raising the incidence of poverty. Drawing on micro-level data from South Africa and Tanzania, we examine the vulnerability to shocks across household types (e.g....
Persistent link: https://www.econbiz.de/10012836527
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The Co-holding Puzzle : New Evidence from Transaction-Level Data
Gathergood, John - 2020
Using detailed and highly-disaggregated data on spending, income, bank account balances, and consumer credit, we examine the tendency of individuals to “co-hold”, i.e., to simultaneously hold low-interest liquid deposit balances and high-interest debt in the form of overdrafts. The...
Persistent link: https://www.econbiz.de/10012833373
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Optimal Consumption and Savings Decisions with Disastrous Income Risk : Revisiting Rietz's Rare Disaster Risk Hypothesis
He, Chusu; Milne, Alistair; Park, Seyoung - 2023
In this paper, we develop an analytically tractable dynamic model of optimal consumption and savings decisions with …
Persistent link: https://www.econbiz.de/10014350811
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Income risk, precautionary saving, and loss aversion : an empirical test
Ibanez, Marcela; Schneider, Sebastian O. - 2021
, experimentally elicited loss aversion and precautionary savings. We do so using a sample of 640 individuals from the low … theoretical predictions, we find that an increase in income risk is associated with higher savings for loss-averse individuals …, and that this increase in savings grows with the degree of loss aversion. Thus, as suggested by Koszegi and Rabin (2009 …
Persistent link: https://www.econbiz.de/10012438025
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Income Risk, Precautionary Saving, and Loss Aversion – An Empirical Test
Ibanez, Marcela; Schneider, Sebastian O. - 2021
, experimentally elicited loss aversion and precautionary savings. We do so using a sample of 640 individuals from the low … theoretical predictions, we find that an increase in income risk is associated with higher savings for loss-averse individuals …, and that this increase in savings grows with the degree of loss aversion. Thus, as suggested by Koszegi and Rabin (2009 …
Persistent link: https://www.econbiz.de/10013243502
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Income risk, precautionary saving, and loss aversion : an empirical test
Ibanez, Marcela; Schneider, Sebastian O. - 2023
empirically study the relation between income risk, experimentally elicited loss aversion, and precautionary savings. We do so … associated with higher savings for loss-averse individuals, and that this increase in savings grows with the degree of loss …
Persistent link: https://www.econbiz.de/10014312199
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Risky Taxes, Budget Balance Preserving Spreads and Precautionary Savings
Becker, Torbjorn - 1998
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/10014111726
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Gambling with the family silver : household consumption and saving responses to fiscal uncertainty
Berg, Oddmund - 2019
In the early 2000s, eight Norwegian energy producing municipalities sold up to ten years of future electricity earnings and let two brokers from Terra Securities make investments on their behalf. In the wake of the 2007 credit crash the municipalities lost up to 80 percent of their assets. This...
Persistent link: https://www.econbiz.de/10012052305
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The impact of labour income risk on household saving decisions in Turkey
Ceritoğlu, Evren - 2011
I analyse the Household Budget Surveys prepared by the Turkish Statistical Institute (TURKSTAT) to reveal the empirical importance of precautionary saving in Turkey. The most difficult aspect of the empirical analysis is the approximation of labour income risk as a proxy variable for future...
Persistent link: https://www.econbiz.de/10009157465
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Household savings decision and income uncertainty
Beznoska, Martin; Ochmann, Richard - 2010
uncertainty on households' consumption-savings decision. Applying a structural demand model to German survey data, we estimate the … uncompensated interest rate elasticity for savings, in line with the literature, to around zero. Accordingly, any policy …-induced variation of net returns to savings is expected to have no significant effects on the level of savings. Moreover, we find …
Persistent link: https://www.econbiz.de/10009261306