Income Uncertainty and Precautionary Saving: Evidence from Household Rotating Panel Data
AbstractThe 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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Bibliographic InfoPaper 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:
Contact details of provider:
Postal: Centro de Estudios Monetarios Y Financieros. Casado del Alisal, 5-28014 Madrid, Spain.
Web page: http://www.cemfi.es/
More information through EDIRC
SAVINGS ; INCOME ; RISK ; HOUSEHOLD;
Find related papers by JEL classification:
- D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
- E27 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Forecasting and Simulation: Models and Applications
- E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
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- Albarrán, Pedro & Carrasco, Raquel & Martínez Granado, María Teresa, 2007. "Inequality for Wage Earners and Self-Employed: Evidence from Panel Data," DFAEII Working Papers 2007-02, University of the Basque Country - Department of Foundations of Economic Analysis II.
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- Abdul Jalil, Ahmad Zafarullah, 2009. "The importance of precautionary saving motive among Indonesian households," MPRA Paper 25189, University Library of Munich, Germany.
- Samuel Bentolila & Andrea Ichino, 2008. "Unemployment and consumption near and far away from the Mediterranean," Journal of Population Economics, Springer, vol. 21(2), pages 255-280, April.
- Cristina Barceló, 2008. "The impact of alternative imputation methods on the measurement of income and wealth: Evidence from the Spanish survey of household finances," Banco de Espaï¿½a Working Papers 0829, Banco de Espa�a.
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