Jessen, Robin; Rostam-Afschar, Davud; Schmitz, Sebastian - 2016 - This version: June 3, 2016
We quantify the importance of precautionary labor supply using data from the German Socio-Economic Panel (SOEP) for … 2001-2012. We estimate dynamic labor supply equations augmented with a measure of wage risk. Our results show that married …. This implies that about 26% of precautionary savings are due to precautionary labor supply. If self-employed faced the same …