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Disentangling the Importance of the Precautionary Saving Motive

Kennickell, Arthur; Lusardi, Annamaria - Center for Financial Studies - 2006

Keywords: Risk, Buffer-stock Models of Saving, Old Cohorts Wealth, Business Owners Wealth 1. Introduction One of the …

Persistent link: https://www.econbiz.de/10005176442

Disentangling the importance of the precautionary saving motive

Kennickell, Arthur; Lusardi, Annamaria - 2005

We evaluate the importance of the precautionary saving motive by relying on a direct question about precautionary wealth from the 1995 and 1998 waves of the Survey of Consumer Finances. In this survey, a new question has been designed to elicit the amount of desired precautionary wealth. This...

Persistent link: https://www.econbiz.de/10010298329

Disentangling the importance of the precautionary saving motive

Kennickell, Arthur; Lusardi, Annamaria - Center for Financial Studies - 2005

Persistent link: https://www.econbiz.de/10010958504