Guariglia, Alessandra (2001) Saving Behavior and Earnings Uncertainty: Evidence from the British Household Panel Survey. Journal of Population Economics, 14 (4). pp. 619-634. ISSN 0933-1433.
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| Official URL http://dx.doi.org/10.1007/s001480100081 |
Abstract
For the first time, this paper uses a panel data set, the British Household Panel Survey, to analyse saving behaviour in Britain. One objective is to test the precautionary saving hypothesis, according to which households save to self-insure against uncertainty. Our results show that in accordance with this hypothesis, various measures of uncertainty based on earnings variability have a statistically significant effect on households' saving decisions. Moreover, in accordance with the life cycle model, households save more if they expect their financial situation to deteriorate.
| Item Type: | Article |
|---|---|
| Uncontrolled keywords: | Precautionary saving, uncertainty, earnings variability |
| Subjects: | H Social Sciences |
| Divisions: | Faculties > Social Sciences > School of Economics |
| Depositing User: | Francis Green |
| Date Deposited: | 09 Dec 2008 18:33 |
| Last Modified: | 14 Jan 2010 14:35 |
| Resource URI: | http://kar.kent.ac.uk/id/eprint/9495 (The current URI for this page, for reference purposes) |
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