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precautionary savings via disentangling time preference and risk preference effects …
Persistent link: https://www.econbiz.de/10013033341
Social science research has shown that intelligence is positively correlated with patience, while growth theory predicts that more patient countries will save more. In a closed economy, that means high average IQ countries will become more capital-intensive. In an open economy, high average IQ...
Persistent link: https://www.econbiz.de/10013136290
allows us to establish new general results on the impact of risk aversion on savings behaviors. In particular, we show that … risk aversion enhances precautionary savings, clarifying the link that exists between the notions of prudence and risk …
Persistent link: https://www.econbiz.de/10013138388
aversion on savings separately and determine which coefficient is more important factor for precautionary savings. This is an … important question since a significant fraction of the capital accumulation is due to precautionary savings according to … literature. Thus, knowing the important determinant of precautionary savings will be helpful to understand the capital …
Persistent link: https://www.econbiz.de/10013087070
Social science research has shown that intelligence is positively correlated with patience, while growth theory predicts that more patient countries will save more. In a closed economy, that means high average IQ countries will become more capital-­intensive. In an open economy, high average IQ...
Persistent link: https://www.econbiz.de/10013127728
Persistent link: https://www.econbiz.de/10009658078
Persistent link: https://www.econbiz.de/10009680931
allows us to establish new general results on the impact of risk aversion on savings behaviors. In particular, we show that … risk aversion enhances precautionary savings, clarifying the link that exists between the notions of prudence and risk …
Persistent link: https://www.econbiz.de/10008748230
Persistent link: https://www.econbiz.de/10011884435