incorporate the effects of macroeconomic uncertainty on private savings behavior. It is shown that the greater the uncertainty in … savings and, other things equal, the larger is the current account surplus. Empirical support for the model is found using …

behavior. We find that a one percentage point increase in job loss risk increases liquid savings by roughly 1.2 - 2.0 percent …In this paper we use Norwegian tax data and a novel natural experiment to isolate the impact of job loss risk on saving …

This paper shows how uninsurable unemployment risk is crucial to qualitatively and quantitatively match macro responses … behaviors, triggering a fall in aggregate demand and supply. These precautionary behaviors increase the unemployment risk of the … imperfectly insured households, who strengthen precautionary saving. When the feedback loop between unemployment risk and …

two channels in driving aggre- gate consumption fluctuations in the US: (i) precautionary savings against un- employment … risk and (ii) MPC heterogeneity. I find that MPC heterogeneity is the dominant channel because a large fraction of …

Precautionary savings have often been analyzed with regard to its impact on current savings. This work focuses instead … on the impact of uncertainty on savings under bequest form. We thus turn the focus on estimating whether and to what … extent income variability does have an effect on post-mortem savings. We approximate the post-mortem savings with the closest …