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Does the selfish life-cycle model apply in the case of Japan?

Horioka, Charles - 2020

In this paper, we first provide a brief exposition of the simplest version of the selfish life cycle model or hypothesis, which is undoubtedly the most widely used theoretical model of household behavior in economics, and then survey the literature on household saving behavior in Japan (with...

Persistent link: https://www.econbiz.de/10012195738

Can Buffer Stock Saving Explain the Smoothness and Excess Sensitivity of Consumption?

Michaelides, Alexander; Ludvigson, Sydney C. - 2008

The buffer-stock model of precautionary saving has become a workhorse of modern-day consumer theory. Despite its growing popularity, virtually no research has set out to formally investigate whether buffer-stock behavior can replicate the well-known smoothness of aggregate consumption growth...

Persistent link: https://www.econbiz.de/10014168546

Can Buffer Stock Saving Explain the Smoothness and Excess Sensitivity of Consumption?

Michaelides, Alexander; Ludvigson, Sydney C. - 2008

Persistent link: https://www.econbiz.de/10014168573

New results on precautionary saving under two risks

Baiardi, Donatella; De Donno, Marzia; Magnani, Marco; … - In: Economics Letters 130 (2015) C, pp. 17-20

This paper identifies a new sufficient condition for a prudent agent to have positive precautionary saving in the presence of labor income and interest rate risks of any size. We also provide three economic interpretations for this condition focusing respectively on the marginal effect of saving...

Persistent link: https://www.econbiz.de/10011263406

A note on a new interpretation for the precautionary saving motive

Menegatti, M. - Facoltà di Economia, Università degli Studi di Parma - 2006

This paper proposes a new interpretation for the precautionary saving motive: when future income is uncertain, agents increase saving in order to cause a reduction in the disutility due to uncertainty. Furthermore the paper shows that the usual necessary and sufficient condition for...

Persistent link: https://www.econbiz.de/10005772851

The wealth decumulation behavior of the retired elderly in Italy : the importance of bequest motives and precautionary saving

Ventura, Luigi; Horioka, Charles - 2020

Persistent link: https://www.econbiz.de/10012395598

The wealth decumulation behavior of the retired elderly in Italy : the importance of bequest motives and precautionary saving

Ventura, Luigi; Horioka, Charles - 2020

Persistent link: https://www.econbiz.de/10012316381

Do labour market institutions influence consumers' saving intentions? : aggregate evidence from Europe

Ahrens, Alexander - 2011 - This version: April 2011

market institutions ; Unemployment benefits ; Precautionary savings ; Consumer confidence …

Persistent link: https://www.econbiz.de/10009356750

A Note on Precautionary Savings

Rostom, Ahmed Mohamed - 2011

Precautionary savings occurs in response to uncertainty regarding future income. The precautionary motive to delay …

Persistent link: https://www.econbiz.de/10013117172

The Effect of Health and Employment Risks on Precautionary Savings

Geyer, Johannes - 2011

This paper extends the idea of using ex-ante risk measures in a model of precautionary savings by explicitly simulating … specific effects. I find evidence for precautionary savings in response to the uncertainty measures. The results are robust and … stable across specifications. There is evidence for a share of precautionary wealth of about 14 to 17 percent …

Persistent link: https://www.econbiz.de/10013117981