@techreport{Geyer2011effect,
abstract = {This paper extends the idea of using ex-ante risk measures in a model of precautionary savings by explicitly simulating future net-income risks. The uncertainty measure takes into account the interdependency of labour market status and health. The model is estimated for prime age males using the German Socio-Economic Panel Study for years 2001-2007. The empirical analysis is conducted using a measure for saving stocks and saving flows. The latter model allows to control for individual 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.},
address = {Berlin},
author = {Johannes Geyer},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {D91; E21; 330; Precautionary savings; health; employment; risks},
language = {eng},
number = {1167},
publisher = {Deutsches Institut f\"{u}r Wirtschaftsforschung (DIW)},
title = {The effect of health and employment risks on precautionary savings},
type = {Discussion Papers, German Institute for Economic Research, DIW Berlin},
url = {http://hdl.handle.net/10419/61338},
year = {2011}
}
