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- W3124894191 abstract "This discussion paper resulted in a publication in 'Economics Letters' , 2010, 107(1), 39-41. Risk may induce precautionary saving but it can also reduce saving. The theoretical literature recognizes both possibilities, but favors a positive effect (both for developed and developing countries); the empirical literature is divided, reporting (small) positive effects for developed economies and (large) negative effects for developing countries. We show in a 2-period model how the effect of risk on savings depends not only on preferences but also on the type of risk." @default.
- W3124894191 created "2021-02-01" @default.
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- W3124894191 date "2008-08-08" @default.
- W3124894191 modified "2023-09-27" @default.
- W3124894191 title "Risk and Savings: a Taxonomy" @default.
- W3124894191 hasPublicationYear "2008" @default.
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