Add to ORKGThe purpose of this paper is to investigate, using micro data, the strength in Japan of the precautionary saving motive. While numerical simulations suggest the economic importance of precautionary saving, the empirical evidence is mixed. In this paper, we apply the buffer-stock saving model and focus on the effect of unemployment risk on wealth accumulation. We find that uncertainty has a positive and statistically significant effect on the wealth-to-income ratio, and that buffer-stock savings account for 6 or 15 percent of net financial assets. Housing loans and expenditures associated with children decrease this ratio. JEL: D91, E21. Key Words: buffer-stock saving, unemployment risk
In this paper household level data are used to explore whether unemployment risk is an important fac...
To assess how recent job loss impacts wealth accumulation of Taiwanese households, the present study...
This paper shows that the two main models in the buffer stock saving literature can be nested in a m...
The purpose of this paper is to investigate, using micro data, the strength in Japan of the precauti...
Many economic models assume frictionless worlds with perfect insurance markets. A notable exception ...
This paper analyzes the reason that Japan’s household saving rate rose in the 1990s. The unemploymen...
This paper tests the existence of precautionary savings using subjective or self-reported measures o...
[[abstract]]To assess how recent job loss impacts wealth accumulation of Taiwanese households, the p...
The entire dissertation/thesis text is included in the research.pdf file; the official abstract appe...
Recent models with liquidity constraints and impatience emphasize that consumers use savings to buf...
Economic theory predicts that earnings uncertainty increases precautionary saving and causes househo...
This paper estimates the effect of income uncertainty on assets held in accounts and cash, and finds...
This paper confronts implications of precautionary saving models with micro-data on British househol...
In this paper, we present a tractable model of time-varying precautionary saving behaviour due to ch...
Reduced form estimations of precautionary saving with respect to labor market risk have hitherto fai...
In this paper household level data are used to explore whether unemployment risk is an important fac...
To assess how recent job loss impacts wealth accumulation of Taiwanese households, the present study...
This paper shows that the two main models in the buffer stock saving literature can be nested in a m...
The purpose of this paper is to investigate, using micro data, the strength in Japan of the precauti...
Many economic models assume frictionless worlds with perfect insurance markets. A notable exception ...
This paper analyzes the reason that Japan’s household saving rate rose in the 1990s. The unemploymen...
This paper tests the existence of precautionary savings using subjective or self-reported measures o...
[[abstract]]To assess how recent job loss impacts wealth accumulation of Taiwanese households, the p...
The entire dissertation/thesis text is included in the research.pdf file; the official abstract appe...
Recent models with liquidity constraints and impatience emphasize that consumers use savings to buf...
Economic theory predicts that earnings uncertainty increases precautionary saving and causes househo...
This paper estimates the effect of income uncertainty on assets held in accounts and cash, and finds...
This paper confronts implications of precautionary saving models with micro-data on British househol...
In this paper, we present a tractable model of time-varying precautionary saving behaviour due to ch...
Reduced form estimations of precautionary saving with respect to labor market risk have hitherto fai...
In this paper household level data are used to explore whether unemployment risk is an important fac...
To assess how recent job loss impacts wealth accumulation of Taiwanese households, the present study...
This paper shows that the two main models in the buffer stock saving literature can be nested in a m...