Precautionary Saving and Health Risk. Evidence from Italian Households Using a Time Series of Cross Sections
AbstractIn this paper we analyse the importance of precautionary saving in Italy. In contrast to previous studies, we focus on two contemporaneous sources of uncertainty, income and health expenditures, to explain the presence of precautionary saving. The major changes occurred in public health care policies from 1985 to 1996 have caused households to pay a larger share of their outof-the-pocket medical expenditures. We therefore expect consumers to react to this uncertainty by generating precautionary saving.Our results show strong support for the precautionary savinghypothesis as a response to health uncertainty.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by SIPI Spa in its journal Rivista di Politica Economica.
Volume (Year): 96 (2006)
Issue (Month): 3 (May-June)
Contact details of provider:
Find related papers by JEL classification:
- D91 - Microeconomics - - Intertemporal Choice - - - Intertemporal Household Choice; Life Cycle Models and Saving
- E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Tullio Jappelli & Luigi Pistaferri & Guglielmo Weber, 2007.
"Health care quality, economic inequality, and precautionary saving,"
John Wiley & Sons, Ltd., vol. 16(4), pages 327-346.
- Tullio Jappelli & Luigi Pistaferri & Guglielmo Weber, 2006. "Health Care Quality, Economic Inequality, and Precautionary Saving," "Marco Fanno" Working Papers 0020, Dipartimento di Scienze Economiche "Marco Fanno".
- Vincenzo Atella & Marianna Brunetti & Nicole Maestas, 2011.
"Household Portfolio Choices, Health status and Health Care Systems A Cross-Country Analysis Based on SHARE,"
CEIS Research Paper
183, Tor Vergata University, CEIS, revised 21 Jan 2011.
- Atella, Vincenzo & Brunetti, Marianna & Maestas, Nicole, 2012. "Household portfolio choices, health status and health care systems: A cross-country analysis based on SHARE," Journal of Banking & Finance, Elsevier, vol. 36(5), pages 1320-1335.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Sabrina Marino).
If references are entirely missing, you can add them using this form.