We examine in this paper the effect of an early resolution of uncertainty on savings. We show that this effect is in … resolution of uncertainty reduces current savings for various decision problem under uncertainty. …

We study how risk aversion affects precautionary savings when considering monotone recursive Kreps-Porteus preferences …. In a general infinite-horizon setting, we prove that risk aversion unambiguously increases precautionary savings. The …

British Household Panel Survey (BHPS) data concludes that the bulk of risk-sharing in the UK is driven by the savings channel … and by region. We find that risk-sharing is more effective (higher) for individuals whose savings are more flexible, while …. By allowing for risk aversion heterogeneity, we detect an inverted U-shaped relationship between risk aversion and the …

theory of precautionary savings and to quantify the importance of self-selection into occupations due to differences in risk … aversion. In the presence of self-selection, failing to control for risk aversion in empirical tests of precautionary savings … suggest that self-selection of risk averse individuals into low-risk occupations is economically important and decreases …

theoretical predictions, we find that an increase in income risk is associated with higher savings for loss-averse individuals … 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 …

theoretical predictions, we find that an increase in income risk is associated with higher savings for loss-averse individuals … 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 …

empirically study the relation between income risk, experimentally elicited loss aversion, and precautionary savings. We do so … subject to substantial income risk. In line with the theoretical predictions, we find that an increase in income risk is … associated with higher savings for loss-averse individuals, and that this increase in savings grows with the degree of loss …

This note reconsiders the classical problem of precautionary saving in the presence of an interest-rate risk, and …