This paper examines how aversion to risk and aversion to intertemporal substitution determine the strength of the precautionary saving motive in a two-period model with Selden/Kreps-Porteus preferences. For small risks, we derive a measure of the strength of the precautionary saving motive that...

This article analyses the voting and abstention patterns in French departments in the 1992 referendum on the Maastricht treaty, in light of the potential impact of monetary union. We observe that departmental characteristics implying either greater benefits or lower costs from monetary union are...