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- W2187632889 abstract "In this paper, we measure precautionary savings relative to total savings. An, for this literature, innovative empirical strategy was put to the test. The most important feature of this strategy being the measurement of income expectations. Moreover, the panel data available for the research was not only used to increase the sample size, but the possibility to control for unobserved heterogeneity was also exploited. Due to the lack of control for measurement error, no explicit results were found. However, the results did given an indication that for the part of the Dutch population that is working and not in financial debt, a 1% increase in income uncertainty yields an expected increase in net financial wealth of somewhere between 0.049% and 0.058%" @default.
- W2187632889 created "2016-06-24" @default.
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- W2187632889 date "2014-01-01" @default.
- W2187632889 modified "2023-09-27" @default.
- W2187632889 title "Using Subjective Expectation of Income to Model Precautionary Savings" @default.
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