Recent theoretical work shows that precautionary savings increase in response to an increase in first-order risk. In … welfare effect of future income uncertainty. We build a model of remittances and savings under income uncertainty and show … that an immigrant will increase his remittances in response to a first-order risk decrease in future income. Using changes …

presence of labor income uncertainty and credit constraints. Saving in the model is affected by the gap between 'target' and …

presence of labor income uncertainty and credit constraints. Saving in the model is affected by the gap between "target" and …

study household savings and expenditure adjustment from an unexpected, large-scale and rapidly evolving political shock that … uncertainty resulted in significant temporary increases in savings among urban households in China. Households responded mainly by … empirical studies of precautionary savings such as self-selection and life-cycle effects. …

a buffer-stock savings model and show that rising income uncertainty and pension reforms lead younger and older …-shaped. Using a panel of urban Chinese households covering 1989-2006, we document a sharp increase in income uncertainty. While the … permanent variance of household income was stable, the transitory variance rose sharply. Based on these estimates, we calibrate …

extensively explored topic yet leaving a number of issues inconclusive. It concentrates on the labor income uncertainty by … addressing saving against unemployment risk in terms of changes in credit supply and households’ financial wealth. Time series …. This poses a question about the risk of households’ overreliance on credit and therefore about their financial stability in …

The life-cycle consumption and permanent income hypotheses predict that if workers face greater likelihood of … unemployment in the future that lowers expected future income, they will save more today. In this paper, we test this hypothesis by … looking at the expenditure response of workers to the change in unemployment risk measured at the occupational level. We find …

extensively explored topic yet leaving a number of issues inconclusive. It concentrates on the labor income uncertainty by … addressing saving against unemployment risk in terms of changes in credit supply and households’ financial wealth. Time series …. This poses a question about the risk of households’ overreliance on credit and therefore about their financial stability in …

two contemporaneous sources of uncertainty, income and health expenditures, to explain the presence of precautionary … income and health expenditure shocks. Our results show strong support for the precautionary saving hypothesis as a response …