Bartzsch, Nikolaus - In: Jahrbücher für Nationalökonomie und Statistik 228 (2008) 1, pp. 5-24
of income uncertainty. In addition to the usual controls, risk aversion is also taken into account. When using net … in Germany. Not controlling for risk aversion leads to an overestimation of precautionary wealth. This result contradicts … the findings of Fuchs-Schündeln and Schündeln (2005) who suggest that, owing to self-selection, not controlling for risk …