PRECAUTIONARY SAVINGS UNDER INCOME UNCERTAINTY - A CROSS-SECTIONAL ANALYSIS

被引:43
作者
DARDANONI, V [1 ]
机构
[1] UNIV CALIF SAN DIEGO,DEPT ECON,LA JOLLA,CA 92093
关键词
D O I
10.1080/00036849108841059
中图分类号
F [经济];
学科分类号
02 ;
摘要
The first part of this paper derives a closed form solution for present consumption as a function of current and expected economic variables, which contains a precautionary component that is directly affected by future income risk. An estimating equation for the structural relationship between savings and their determinants is discussed and tested using cross-sectional data from the 1984 UK Family Expenditure Survey. © 1991, Taylor & Francis Group, LLC. All rights reserved.
引用
收藏
页码:153 / 160
页数:8
相关论文
共 39 条
[1]  
BARSKY RB, 1986, AM ECON REV, V76, P676
[2]  
Benveniste L.M., 1979, ECONOMETRICA, V47, P727
[3]  
BLANCHARD OJ, 1988, AM ECON REV, V78, P173
[4]   CONSUMER-BEHAVIOR - THEORY AND EMPIRICAL-EVIDENCE - A SURVEY [J].
BLUNDELL, R .
ECONOMIC JOURNAL, 1988, 98 (389) :16-65
[5]   SIMPLE TEST FOR HETEROSCEDASTICITY AND RANDOM COEFFICIENT VARIATION [J].
BREUSCH, TS ;
PAGAN, AR .
ECONOMETRICA, 1979, 47 (05) :1287-1294
[6]  
CABALLERO R, 1987, UNPUB CONSUMPTION PR
[7]   THE CONSUMPTION FUNCTION AND THE PRECAUTIONARY DEMAND FOR SAVINGS [J].
CANTOR, R .
ECONOMICS LETTERS, 1985, 17 (03) :207-210
[8]  
CHARPIN F, 1987, ECONOMETRIC SCO EURO
[9]   OPTIMAL CHOICES UNDER UNCERTAINTY - THE CASE OF 2-ARGUMENT UTILITY-FUNCTIONS [J].
DARDANONI, V .
ECONOMIC JOURNAL, 1988, 98 (391) :429-450
[10]  
FELDSTEIN M, 1988, AM ECON REV, V78, P14