OECD countries 1992-2007. We focus on risk sharing through savings, factor income flows, and capital gains. Risk sharing … through factor income and capital gains was close to zero before 1999 but has increased since then. Risk sharing from capital … gains, at about 6 percent, is higher than risk sharing from factor income flows for European Union countries and OECD …

precautionary saving behavior of Japanese households. Our findings are: 1. Measures for income uncertainty have a positive influence … on the target for precautionary wealth but not on precautionary wealth. 2. The positive influence of income uncertainty … suggest that Japanese households save against income uncertainty until around when their head is aged 50 and then save against …

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 … results in a bias that could lead to a false rejection of the theory. We exploit the fact that for individuals from the former …

OECD countries 1992-2007. We focus on risk sharing through savings, factor income flows, and capital gains. Risk sharing … through factor income and capital gains was close to zero before 1999 but has increased since then. Risk sharing from capital … gains, at about 6 percent, is higher than risk sharing from factor income flows for European Union countries and OECD …

uncertainty of remittance income inflows affects the accumulation of human, physical and financial assets of Mexican households … income hypothesis and theories of precautionary saving, a one standard deviation increase in the uncertainty of remittance … income raises the likelihood of household spending on asset accumulation by about 2 percentage points while raising the share …

significant effects of precautionary savings on the consumption-savings decision. As a result of a doubling of transitory income …This paper empirically investigates the effects of changes in the interest rate as well as transitory income … uncertainty on households' consumption-savings decision. Applying a structural demand model to German survey data, we estimate the …

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-income …

alternative measures of income uncertainty in a cross-section of households. In addition to the usual controls, risk aversion is …The saving ratio of households in Germany has increased in the past few years when the income trend was weak. This … could be due to precautionary saving. In this paper, the importance of precautionary saving against income uncertainty is …