Search Results - subject_exact:"Vorsichtssparen"

Household consumption in Colombia: a nonlinear cointegrating approach

Arango Thomas, Luis Eduardo; Flórez, Luz A.; Posada, … - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015617560

Money demand by non-financial corporations

Nocciola, Luca - 2026

We document empirically the money demand by European non-financial corporations by exploiting a unique and brand-new survey on their cash usage in a stress period. We also assess: (i) the relation between cash held and firm size; and (ii) estimate point values of cash holdings and carry out...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015605058

Supply shocks in the fog : the role of endogenous uncertainty

Antonova, Anastasiia; Matvieiev, Mykhailo; Poilly, Céline - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015617646

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Supply shocks in the fog : the role of endogenous uncertainty

Antonova, Anastasiia; Matvieiev, Mykhailo; Poilly, Céline - 2026 - Last updated: April 10, 2026

Edition: Last updated: April 10, 2026

Book / Working Paper

Subjective income risk and precautionary saving

Castaldo, Stefano; Tirelli, Mario - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015193353

Why do Europeans save? : micro-evidence from the household finance and consumption survey

Horioka, Charles; Ventura, Luigi - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015474035

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Why do Europeans save? : micro-evidence from the household finance and consumption survey

Horioka, Charles; Ventura, Luigi - 2025 - Revised May 16, 2025

Edition: Revised May 16, 2025

Book / Working Paper

Why Do Europeans Save? Micro-Evidence from the Household Finance and Consumption Survey

Horioka, Charles; Ventura, Luigi - 2024

Book / Working Paper

Optimal insurance policies and saving in a temporal world

Aase, Knut K. - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015471597

Generalized disappointment aversion, rare disasters, and the term structure of real interest rates

Wang, Shanshan - 2025

This study models a representative agent with generalized disappointment aversion preferences in an endowment economy. This model addresses the average upward slope in U.S. real bond yields, equity premium puzzle, and equity volatility puzzle. We integrate a two-state Markov switching process...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015473116

Income disaster model with optimal consumption

Park, Seyoung - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015450342

Carbon taxation and precautionary savings

Wöhrmüller, Stefan - 2025 - This draft: May 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015455070

Why do households save and work?

Borella, Margherita; De Nardi, Mariacristina; Yang, Fang; … - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015437486

Do non-prudent consumers ever engage in precautionary saving? : two observations on risk and precautionary saving

Ventura, Luigi; Horioka, Charles - 2025

Previous authors have asserted that precautionary saving will arise only if consumers are not only risk-averse but also prudent, but in this paper, we first show that when saving occurs in the context of a financial economy featuring at least one other asset, prudence is neither necessary, nor...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015615844

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Do non-prudent consumers ever engage in precautionary saving? : two observations on risk and precautionary saving

Ventura, Luigi; Horioka, Charles - 2025

Book / Working Paper

Do non-prudent consumers ever engage in precautionary saving? : two observations on risk and precautionary saving

Ventura, Luigi; Horioka, Charles - 2025 - Revised December 3, 2025

Edition: Revised December 3, 2025

Book / Working Paper

Interest rate uncertainty and savings : evidence from microdata

Khieu, Hoang; Toan Luu Duc Huynh - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015616599

First-order prudence and its implications for precautionary savings and the risk-free rate

Ebert, Sebastian; Karehnke, Paul - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015551485

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First-order prudence and its implications for precautionary savings and the risk-free rate

Ebert, Sebastian; Karehnke, Paul - 2023

Book / Working Paper

Income uncertainty, precautionary wealth, and social insurance

Joyce, Matthew; Singh, Aarti - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015580718

Firm uncertainty and households : spending, savings, and risks

Alfaro, Iván; Park, Hoonsuk - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015573366

Macroeconomic shocks in the fog : the role of endogenous uncertainty

Antonova, Anastasiia; Matvieiev, Mykhailo; Poilly, Céline - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015560441

Long term care risk for couples and singles

Capatina, Elena; Hansen, Gary D.; Hsu, Minchung - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015440883

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Long term care risk for couples and singles

Capatina, Elena; Hansen, Gary D.; Hsu, Minchung - 2024

Book / Working Paper

Early life conditions, time preferences, and savings

Adamopoulou, Effrosyni; Colombo, Mattia; Triviza, Eleftheria - 2024

This study examines how early-life exposure to food scarcity influences individuals' long-term time preferences and savings behavior. To this end, we analyze hand-collected historical data on livestock availability during World War II at the provincial level, alongside detailed survey data on...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014631825

An analysis of precautionary behavior in retirement decision making with an application to pension system reform

Magnani, Marco - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015066948

The geography of wealth: shocks, mobility, and precautionary savings

Dvorkin, Maximiliano A.; Greaney, Brian - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015070205

Buffer or substitute? : corporate financialization and leverage manipulation

Liao, Yinchao; Jun, Wang; Liao, Wenru; Shu, Xiaoyang; … - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015098673

Household excess savings and the transmission of monetary policy

Ferreira, Thiago R. T.; Gornemann, Nils; Ortiz, Julio L. - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015075777

Income volatility and saving decisions : experimental evidence

Wang-Ly, Nathan; Newell, Benjamin R. - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015076695

The impact of measured income uncertainty on Spanish household consumption at the end of the Great Recession

Lugilde, Alba - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015078700

Does cybersecurity risk stifle corporate innovation activities?

Wang, Jimin; Ho, Choy Yeing; Shan, Yuan George - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014447033

Spillovers and spillbacks

Acharya, Sushant; Pesenti, Paolo A. - 2024

We study international monetary policy spillovers and spillbacks in a tractable two-country Heterogeneous Agent New Keynesian model. Relative to Representative Agent (RANK) models, our framework introduces a precautionary-savings channel, as households in both countries face uninsurable income...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014501129

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Spillovers and spillbacks

Acharya, Sushant; Pesenti, Paolo A. - 2024

Book / Working Paper

The great depression as a savings glut

Degorce, Victor; Monnet, Eric - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015135101

Risk, restrictive quotas, and income smoothing

Schaap, Robbert; Gonzalez-Poblete, Exequiel; Silva … - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015163179

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Risk, restrictive quotas, and income smoothing

Schaap, Robbert; Gonzalez-Poblete, Exequiel; Silva … - 2022

Book / Working Paper

Macro uncertainty, unemployment risk, and consumption dynamics

Oh, Joonseok; Rogantini Picco, Anna - 2024

Households' income heterogeneity is important to explain consumption dynamics in response to aggregate macro uncertainty: an increase in uncertainty generates a consumption drop that is stronger for income poorer households. At the same time, labor markets are strongly responsive to macro...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015163220

Does purchasing commercial insurance promote household consumption? : evidence from China

Wang, Yizi; He, Xiaoying - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015211513

Even imprudent risk lovers may engage in precautionary saving

Sorge, Marco M. - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015130585

Uncertainty, precautionary saving, and investment : evidence from prescheduled election cycles

Jens, Candace E.; Page, T. Beau - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015130677

Precautionary saving under recursive preferences

Bostian, A. J. Allen; Heinzel, Christoph - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015461571

Life-cycle wealth accumulation and consumption insurance

Campanale, Claudio; Sartarelli, Marcello - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014558691

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Life-cycle wealth accumulation and consumption insurance

Campanale, Claudio; Sartarelli, Marcello - 2018 - Version: October 2018

Edition: Version: October 2018

Book / Working Paper

The wealth distribution in a precautionary savings model with capital income risk

Khieu, Hoang; Leon-Gonzalez, Roberto - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015404371

The variety-effect multiplier : on the transmission of uncertainty shocks

Gaudio, Francesco Saverio; Poilly, Céline - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015619068

Intertemporal risk pooling in village economies

Fafchamps, Marcel; Shrinivas, Aditya - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015560933

Preempting Distress Spillovers along the Supply Chain : Evidence from Precautionary Savings

Zhang, Shuran - 2023

This paper investigates firms’ use of precautionary savings to manage the risk of distress spillovers from supply chain partners. Firms increase cash holdings when their principal customers have a larger fraction of long-term debt maturing in one year. Analysis exploiting predetermined...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014350417

The effects of labor income risk heterogeneity on the marginal propensity to consume

Savoia, Ettore - 2023

Using detailed micro-data, this paper documents that households with lower income risk (and higher income levels) exhibit a higher Marginal Propensity to Consume (MPC) in response to transitory income shocks, all else being equal. This finding is particularly significant among unconstrained...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014482888

Precautionary savings, loss aversion, and risk : theory and evidence

Dhami, Sanjit S.; Hajimoladarvish, Narges; Georgalos, … - 2023

We consider a simple, two period, consumption-savings model with future income uncertainty that examines the interplay of savings, precautionary savings, loss aversion, and risk. We provide the relevant theory, followed by empirical tests based on subject-specific choices, and the measurement of...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014315431

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Precautionary Savings, Loss Aversion, and Risk : Theory and Evidence

Dhami, Sanjit S.; Hajimoladarvish, Narges; Georgalos, … - 2023

Book / Working Paper

Precautionary saving in a financially constrained firm

Abel, Andrew B.; Panageas, Stauros - 2023

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014320752

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Precautionary Saving in a Financially-Constrained Firm

Abel, Andrew B.; Panageas, Stauros - 2022

Book / Working Paper

Precautionary Saving in a Financially-Constrained Firm

Abel, Andrew B. - 2020

Book / Working Paper

Unemployment risk, MPC heterogeneity, and business cycles

Cho, Daeha - 2023

This paper uses an estimated Heterogeneous Agent New Keynesian (HANK) model to evaluate the quantitative importance of 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...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014308595

Shocks to occupational pensions and household savings

Caloia, Francesco; Mastrogiacomo, Mauro; Simonetti, Irene - 2023

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014279841

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Shocks to occupational pensions and household savings

Caloia, Francesco; Mastrogiacomo, Mauro; Simonetti, Irene - 2023

Book / Working Paper

Shocks to Occupational Pensions and Household Savings

Caloia, Francesco; Mastrogiacomo, Mauro; Simonetti, Irene - 2023

Book / Working Paper

Inequality and the zero lower bound

Fernández-Villaverde, Jesús; Marbet, Joël; Nuño, Galo; … - 2023

This paper studies how household inequality shapes the effects of the zero lower bound (ZLB) on nominal interest rates on aggregate dynamics. To do so, we consider a heterogeneous agent New Keynesian (HANK) model with an occasionally binding ZLB and solve for its fully nonlinear stochastic...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014288300

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Inequality and the Zero Lower Bound

Fernández-Villaverde, Jesús; Marbet, Joël; Nuño, Galo; … - 2023

Book / Working Paper

Income risk, precautionary saving, and loss aversion : an empirical test

Ibanez, Marcela; Schneider, Sebastian O. - 2023

This paper empirically examines the behavioral precautionary saving hypothesis that uncertainty about future income triggers an increase in saving because of loss aversion. Guided by the theoretical model of Koszegi and Rabin (2009), we first extend their theoretical analysis to also consider...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014312199

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