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L’épargne de précaution et les changements de risque

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  • Eeckhoudt, Louis

    (Facultés catholiques de Mons)

  • Sneessens, Henri

    (Université catholique de Louvain)

  • Calcoen, Francis

    (Chercheur CNRS au CRESGE, Lille)

Abstract

In this paper, we examine how precautionary saving reacts to increases in future income risks when the return on savings itself is random. We show that results obtained with a sure rate of return on assets carry over to the uncertainty case under a set of not too restrictive assumptions. Dans ce papier, nous examinons comment l’épargne de précaution réagit à des accroissements de risque sur les revenus futurs quand le rendement retiré de l’épargne est lui aussi soumis à un aléa. Nous montrons que, sous un ensemble d’hypothèses plausibles, les résultats obtenus lorsque l’épargne rapporte un rendement certain sont transposables au cas du rendement aléatoire.

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Bibliographic Info

Article provided by Société Canadienne de Science Economique in its journal L'Actualité économique.

Volume (Year): 63 (1987)
Issue (Month): 2 (juin et septembre)
Pages: 213-224

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Handle: RePEc:ris:actuec:v:63:y:1987:i:2:p:213-224

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