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dc.contributor.authorGeyer, Johannesen
dc.date.accessioned2012-08-24-
dc.date.accessioned2012-08-24T14:09:24Z-
dc.date.available2012-08-24T14:09:24Z-
dc.date.issued2011-
dc.identifier.urihttp://hdl.handle.net/10419/61338-
dc.description.abstractThis 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
dc.language.isoengen
dc.publisher|aDeutsches Institut für Wirtschaftsforschung (DIW) |cBerlinen
dc.relation.ispartofseries|aDIW Discussion Papers |x1167en
dc.subject.jelD91en
dc.subject.jelE21en
dc.subject.ddc330en
dc.subject.keywordPrecautionary savingsen
dc.subject.keywordhealthen
dc.subject.keywordemploymenten
dc.subject.keywordrisksen
dc.titleThe effect of health and employment risks on precautionary savings-
dc.typeWorking Paperen
dc.identifier.ppn722223080en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:diw:diwwpp:dp1167en

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