Guariglia, Alessandra; Kim, Byung-Yeon - In: Journal of Population Economics 17 (2004) 2, pp. 289-310
Using a panel of 3,522 Russian households over the period 1994-2000, this paper tests the precautionary saving … generally has a strong positive effect on saving, supporting the precautionary saving hypothesis. This effect is however …-insurance mechanism that can be used in alternative to precautionary saving to smooth consumption in the presence of fluctuating earnings …