literature, including loss aversion and liquidity constraints. In the existing literature, these two types of consumption … for the period 1953q1-2007q3, we show that evidence of either loss aversion or liquidity constraints can indeed be …

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 aversion, and empirically study the relation between income risk …, experimentally elicited loss aversion and precautionary savings. We do so using a sample of 640 individuals from the low …

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 aversion, and empirically study the relation between income risk …, experimentally elicited loss aversion and precautionary savings. We do so using a sample of 640 individuals from the low …

triggers an increase in saving because of loss aversion. Guided by the theoretical model of Koszegi and Rabin (2009), we first … extend their theoretical analysis to also consider the internal margin, i.e., the strength, of loss aversion, and then … empirically study the relation between income risk, experimentally elicited loss aversion, and precautionary savings. We do so …