The existing literature suggests that when the saving decision of two-earner households under risk is analysed …, standard results on the existence of precautionary saving no longer apply: precautionary saving is obtained if and only if very … stringent conditions hold. This paper shows that when the two-earner households saving decision is formulated more generally …

The existing literature suggests that when the saving decision of two-earner households under risk is analysed …, standard results on the existence of precautionary saving no longer apply: precautionary saving is obtained if and only if very … stringent conditions hold. This paper shows that when the two-earner household's saving decision is formulated more generally …

The existing literature suggests that when the saving decision of two-earner households under risk is analysed …, standard results on the existence of precautionary saving no longer apply: precautionary saving is obtained if and only if very … stringent conditions hold. This paper shows that when the two-earner household's saving decision is formulated more generally …

life-time wealth and then the optimal consumption path. The derived model captures precautionary saving, which is dependent …

One of the basic motives for saving is the accumulation of wealth to insure future welfare. Both introspection and … article is whether we find this difference to be large in practice. What is the empirical importance of precautionary saving …? We provide a simple decomposition that characterizes the importance of precautionary saving in the US economy. We use …

This paper investigates the relationship between household saving and pensions, and estimates both the displacement … effect of pensions on private saving and the precautionary saving effect due to uncertainty in pension income. I estimate the …