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Deutsches Institut für Wirtschaftsforschung (DIW), Berlin >
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Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/61338
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Geyer, Johannes | | en_US |
| dc.date.accessioned | | 2012-08-24 | | en_US |
| dc.date.accessioned | | 2012-08-24T14:09:24Z | | - |
| dc.date.available | | 2012-08-24T14:09:24Z | | - |
| dc.date.issued | | 2011 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/61338 | | - |
| dc.description.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. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | Deutsches Institut für Wirtschaftsforschung (DIW) Berlin | | en_US |
| dc.relation.ispartofseries | | Discussion Papers, German Institute for Economic Research, DIW Berlin 1167 | | en_US |
| dc.subject.jel | | D91 | | en_US |
| dc.subject.jel | | E21 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | Precautionary savings | | en_US |
| dc.subject.keyword | | health | | en_US |
| dc.subject.keyword | | employment | | en_US |
| dc.subject.keyword | | risks | | en_US |
| dc.title | | The effect of health and employment risks on precautionary savings | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 722223080 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | en_US |
| Appears in Collections: | | Publikationen von Forscherinnen und Forschern des DIW DIW-Diskussionspapiere
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