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Autor:innen: 
Erscheinungsjahr: 
2008
Schriftenreihe/Nr.: 
Tinbergen Institute Discussion Paper No. 08-071/2
Verlag: 
Tinbergen Institute, Amsterdam and Rotterdam
Zusammenfassung: 
Risk may induce precautionary saving but it can also reduce saving. The theoretical literature recognizes both possibilities, but favors a positive effect (both for developed and developing countries); the empirical literature is divided, reporting (small) positive effects for developed economies and (large) negative effects for developing countries. We show in a 2-period model how the effect of risk on savings depends not only on preferences but also on the type of risk.
Schlagwörter: 
Theory Consumer Economics
Intertemporal Consumer Choice
Microeconomic Analyses of Economic Development
Economic Development
Financial Markets
Saving and Capital Investment
Corporate Finance and Governance
JEL: 
D11
D91
O12
O16
Dokumentart: 
Working Paper
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