A TEST FOR THE PRESENCE OF PRECAUTIONARY SAVING

被引：20

作者：

KUEHLWEIN, M

机构：

[1] Pomona College, Claremont

来源：

ECONOMICS LETTERS | 1991年 / 37卷 / 04期

关键词：

D O I：

10.1016/0165-1765(91)90089-4

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper tests for precautionary saving by deriving an explicit measure of consumer uncertainty: the expectational errors from a consumption Euler equation. Using data from the Panel Study of Income Dynamics, I estimate these errors and find, contrary to the theory, a negative correlation between consumer uncertainty and consumption growth.

引用

页码：471 / 475

页数：5

共 8 条

[1]

BARSKY RB, 1986, AM ECON REV, V76, P676

[2] STOCHASTIC CONSUMPTION, RISK-AVERSION, AND THE TEMPORAL BEHAVIOR OF ASSET RETURNS [J].