planning horizon using data from the 2002 through 2010 waves of Health and Retirement Study. Modigliani ratios were computed …

We study the effects of permanent and temporary income shocks on precautionary saving and investment in a "store …-or-sow" model of growth. High volatility of permanent shocks results in high precautionary saving in the safe asset and low … leads to low precautionary saving and high or low investment, depending on the volatility of temporary shocks. Empirical …

on household saving, whereby growth may be correlated with climate volatility. This study conducts a dynamic panel … results show that in rural areas, temperature volatility is positively correlated with the household saving rate, but that the …

The more a country saves, the less it invests as a share of saving. We build a “store-or-sow” model of growth with … precautionary saving and investment to study the nonlinear relationship between investment and saving. We contend that income … volatility is an important variable for explaining saving and investment dynamics. Our results indicate that as permanent …

Using new employer-employee matched data, this paper investigates the impact of uncertainty, as measured by …. Increased firm-level uncertainty reduces total compensation, especially variable pay, and workers reduce their durable goods … county-level uncertainty shock, we find that local uncertainty shocks reduce county-level durable consumption. Taken together …