to determine the (perceived) risk in the face of which oil and mining firms determine their level of investment in …

savings equation derived from a lifecycle model featuring income uncertainty using survey data for Dutch households, with … the estimated displacement effect of pensions on private savings towards zero. …

. By stimulating labor demand, hiring subsidies reduce unemployment risk and precautionary savings. This increases the … more at the zero lower bound than it does during normal times. Central to this result is a precautionary savings channel …

Using detailed micro-data, this paper documents that households with lower income risk (and higher income levels … designed to account for the empirically observed negative correlation between income levels and income risk. This interaction … generates saving dynamics such that the stationary distribution of wealth among households facing different risk levels is not …