The aim of this paper is to analyse precautionary saving associated with income risk over the last two decades in Spain; some empirical evidence seems to point to the extension of temporary job contracts in those years as an important source of uncertainty for Spanish households. I use a rotating panel, the Spanish family expenditure survey, to model income dynamics and consumption growth.
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Paper provided by Centro de Estudios Monetarios Y Financieros- in its series Papers with number
0008.
Length: 37 pages Date of creation: 2000 Date of revision: Handle: RePEc:fth:cemfdt:0008
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Find related papers by JEL classification: D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis E27 - Macroeconomics and Monetary Economics - - Macroeconomics: Consumption, Saving, Production, Employment, and Investment - - - Forecasting and Simulation E21 - Macroeconomics and Monetary Economics - - Macroeconomics: Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
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