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Income Uncertainty, Precautionary Saving, and Social Insurance
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Our estimates indicate that 24% of net wealth is attributed to precautionary savings in Australia. Moreover, across the income distribution, we find that low-in
Precautionary Saving and Social Insurance
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Authors: R. Glenn Hubbard
Categories: Saving and investment
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Microdata studies of household saving often find a significant group in the population with virtually no wealth, raising concerns about heterogeneity in motives
Precautionary Savings and Income Uncertainty
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Precautionary Saving and Social Insurance
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Microdata studies of household saving often find a significant group in the population with virtually no wealth, raising concerns about heterogeneity in motives
Household Welfare, Precautionary Saving and Social Insurance Under Multiple Sources of Risk
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