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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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.
|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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