fraction of their income. The major difficulty in empirically assessing the relationship between incomes and saving rates is to … construct a credible proxy for long-run income - purged of transitory fluctuations and measurement error. The Canadian Family … reliable long-run income proxies. Our empirical analysis suggests that the estimated relationship between saving rates and long …

This paper empirically investigates the effects of changes in the interest rate as well as transitory income … significant effects of precautionary savings on the consumption-savings decision. As a result of a doubling of transitory income …. -- Consumption-savings decision ; interest rate elasticity of savings ; income uncertainty …

This paper empirically investigates the effects of changes in the interest rate as well as transitory income … significant effects of precautionary savings on the consumption-savings decision. As a result of a doubling of transitory income …

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

with similar tenants. Granular data on demographics, income, housing and financial wealth, and debt allow us to construct … consumption in the wake of an adverse income shock. We also find a positive but short-lived effect on labor supply …

from similar positions in the consumption distribution Blacks end up in lower percentiles than Whites. Education, income …

Using detailed micro-data, this paper documents that households with lower income risk (and higher income levels …) exhibit a higher Marginal Propensity to Consume (MPC) in response to transitory income shocks, all else being equal. This … designed to account for the empirically observed negative correlation between income levels and income risk. This interaction …

regression analysis current wealth holdings are explained by past life-cycle income and transfers received. The results indicate … are less significant. Separating wealth classes with respect to lifecycle income shows that differences in saving …