I investigate the importance of personal savings rate in the cross-sectional pricing of individual stocks. I estimate … each stock's monthly-varying sensitivity to the personal savings rate and show that stocks in the lowest savings rate beta … quintile generate 6% more annualized risk-adjusted return compared to stocks in the highest savings beta quintile. I find that …

behavior. We find that a one percentage point increase in job loss risk increases liquid savings by roughly 1.2 - 2.0 percent …

We characterize the solution to a model of consumption smoothing using financing under non-commitment and savings. We … preference is equal to the interest rate on savings, perfect smoothing can be achieved in finite time. We also show that, when …

The study investigated the dynamic interaction between savings, investment and economic growth in Nigeria within the …, should ensure that the savings with deposit money banks are properly channelled to long-term investment. The study further … attention to the dynamic interaction between GDS, and GDI by ensuring that the savings generated are properly channelled to …

savings. The purpose of this paper is to provide additional insights into the individual household's consumption decision and …