Work

The importance of precautionary motives in explaining individual and aggregate saving

Year: 1994

Type: conference-paper

Abstract: This paper examines predictions of a life-cycle simulation model — in which individuals face uncertainty regarding thier length of life, earnings, and out-of- pocket medical expenditures, and imperfect insurance and lending markets — for

Source: Carnegie-Rochester Conference Series on Public Policy

DOI: 10.1016/0167-2231(94)90004-3

Authors: R.Glenn Hubbard, Jonathan Skinner, Stephen P. Zeldes

Institutions: National Bureau of Economic Research, Columbia University, University of Virginia, University of Pennsylvania

Language: English

Topic: Financial Literacy, Pension, Retirement Analysis

Subfield: Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

Open Access status: hybrid

Funders: National Science Foundation, Alfred P. Sloan Foundation

OpenAlex ID: W3122251315

FWCI: 57.66

Cites: 101

Cited by: 457

Related to: 10