EconStor >
ifo Institut – Leibniz-Institut für Wirtschaftsforschung an der Universität München >
CESifo Working Papers, CESifo Group Munich >

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10419/26433
  

Full metadata record

DC FieldValueLanguage
dc.contributor.authorEeckhoudt, Louisen_US
dc.contributor.authorSchlesinger, Harrisen_US
dc.date.accessioned2008-09-11en_US
dc.date.accessioned2009-07-28T08:31:49Z-
dc.date.available2009-07-28T08:31:49Z-
dc.date.issued2008en_US
dc.identifier.urihttp://hdl.handle.net/10419/26433-
dc.description.abstractHow does risk affect saving? Empirical work typically examines the effects of detectible differences in risk within the data. How these differences affect saving in theoretical models depends on the metric one uses for risk. For labor-income risk, second-degree increases in risk require prudence to induce increased saving demand. However, prudence is not necessary for first-degree risk increases and not sufficient for higher-degree risk increases. For increases in interest rate risk, a precautionary effect and a substitution effect need to be compared. This paper provides necessary and sufficient conditions on preferences for an Nth-degree change in risk to increase saving.en_US
dc.language.isoengen_US
dc.publisherCESifo Münchenen_US
dc.relation.ispartofseriesCESifo working paper 2388en_US
dc.subject.jelD81en_US
dc.subject.jelE21en_US
dc.subject.ddc330en_US
dc.subject.keywordPrecautionary savingen_US
dc.subject.keywordprudenceen_US
dc.subject.keywordstochastic dominanceen_US
dc.subject.keywordtemperanceen_US
dc.subject.stwSparenen_US
dc.subject.stwLohnen_US
dc.subject.stwRisikoen_US
dc.subject.stwZinsrisikoen_US
dc.subject.stwTheorieen_US
dc.titleChanges in risk and the demand for savingen_US
dc.typeWorking Paperen_US
dc.identifier.ppn577510649en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:CESifo Working Papers, CESifo Group Munich

Files in This Item:
File Description SizeFormat
577510649.PDF188.31 kBAdobe PDF
No. of Downloads: Counter Stats
Show simple item record
Download bibliographical data as: BibTeX

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.