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dc.contributor.authorFossen, Frank M.en_US
dc.contributor.authorRostam-Afschar, Davuden_US
dc.date.accessioned2010-08-11T09:10:54Z-
dc.date.available2010-08-11T09:10:54Z-
dc.date.issued2010en_US
dc.identifier.urihttp://hdl.handle.net/10419/37358-
dc.description.abstractVarious studies have interpreted a positive correlation between income risk and wealth as evidence for large precautionary savings. However, the high estimates emerged from pooling non-entrepreneurs and entrepreneurs without controlling for heterogeneity. This paper provides evidence for Germany based on representative panel data including private wealth balance sheets. Entrepreneurs, who face high income risk, hold more wealth than employees, but it is shown that this is not due to precautionary motives. They may rather save for old age, as they are usually not covered by statutory pension insurance. The analysis accounts for endogeneity of entrepreneurial choice and heterogeneous risk attitudes.en_US
dc.language.isoengen_US
dc.publisherVerein für Socialpolitik Frankfurt a. M.en_US
dc.relation.ispartofseriesBeiträge zur Jahrestagung des Vereins für Socialpolitik 2010: Ökonomie der Familie - Session: Income Risk, Savings and Intergenerational Links A14-V2en_US
dc.subject.jelD91en_US
dc.subject.jelD12en_US
dc.subject.jelE21en_US
dc.subject.ddc330en_US
dc.subject.keywordprecautionary savingen_US
dc.subject.keywordprecautionary wealthen_US
dc.subject.keywordentrepreneurshipen_US
dc.subject.keywordrisk aversionen_US
dc.titlePrecautionary and Entrepreneurial Saving - New Evidence from German Householdsen_US
dc.typeConference Paperen_US
dc.identifier.ppn654778973-
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:Jahrestagung des Vereins für Socialpolitik 2010: Ökonomie der Familie

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