Precautionary Saving, Health Accumulation, and the Saving Downturn of the 1980s

Argues that the dismal performance of the personal saving rate during the 1980's does not imply that U.S. households during this period were spendthrifts. Tests for the impact of precautionary saving using an Euler-equation approach based on a utility-maximizing model of life cycle consumption.

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Year of publication:	1990
Authors:	Skinner, Jonathan
Published in:	National Tax Journal. - National Tax Association - NTA. - Vol. 43.1990, 3, p. 247-57
Publisher:	National Tax Association - NTA

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Extent:	application/pdf text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

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