Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/73815
Authors: 
Arent, Stefan
Eck, Alexander
Kloss, Michael
Krohmer, Oskar
Year of Publication: 
2012
Series/Report no.: 
Ifo Working Paper 125
Abstract: 
Former theoretical and empirical studies find that precautionary savings are reduced inthe presence of social security systems. The saving motive, however, does not change:individuals respond to increasing income risk by increasing their savings. Although thisstill holds for common tax and transfer systems, we show that this is not a feature of alltax and transfers systems. In contrast to former studies, we focus on the impact of thevariability of future income (higher degree risk).
Subjects: 
Income risk
saving behavior
social security
unemployment benefit
taxation
JEL: 
D11
D31
D91
H24
H31
Document Type: 
Working Paper

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