Saving motives and multivariate precautionary premia

This paper extends the concept of precautionary premium to a multivariate setting so as to measure the intensity of the precautionary saving motive to protect against multivariate risks. This makes it possible to disentangle and to link the various motives of precautionary saving depending on the configuration of the risks the individual wants to protect against. Copyright Springer-Verlag Italia 2014

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Year of publication:	2014
Authors:	Courbage, Christophe
Published in:	Decisions in Economics and Finance. - Springer, ISSN 1593-8883. - Vol. 37.2014, 2, p. 385-391
Publisher:	Springer
Subject:	Precautionary premium \| Saving \| Multivariate utility function \| Prudence \| Super-additivity

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

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