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Precautionary saving and old-age provisions: Do subjective saving motive measures work?

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  • Lothar Essig

    () (Munich Center for the Economics of Aging (MEA))

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    Abstract

    literature on precautionary saving provides contradictory views on the importance of precautionary saving. The SAVE data offer the possibility to generate some of the frequently used instruments known from the literature in order to measure the extent of precautionary savings. This paper compares the influence of these instruments on long-run and short-run saving measures. In addition, SAVE contains information on a broad range of saving motives. This paper uses these short-run and long-run savings motives to describe differences in savings, saving rates and wealth accumulation.

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    Bibliographic Info

    Paper provided by Munich Center for the Economics of Aging (MEA) at the Max Planck Institute for Social Law and Social Policy in its series MEA discussion paper series with number 05084.

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    Date of creation: 21 Jun 2005
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    Handle: RePEc:mea:meawpa:05084

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    Cited by:
    1. Nikolaus Bartzsch, 2008. "Precautionary Saving and Income Uncertainty in Germany – New Evidence from Microdata," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), Justus-Liebig University Giessen, Department of Statistics and Economics, vol. 228(1), pages 5-24, February.
    2. Nikolaus Bartzsch, 2006. "Vorsichtssparen und Einkommensunsicherheit privater Haushalte in Deutschland: eine ökonometrische Untersuchung auf Basis von SOEP-Daten," Vierteljahrshefte zur Wirtschaftsforschung / Quarterly Journal of Economic Research, DIW Berlin, German Institute for Economic Research, vol. 75(4), pages 109-120.
    3. Johannes Geyer, 2011. "The Effect of Health and Employment Risks on Precautionary Savings," Discussion Papers of DIW Berlin 1167, DIW Berlin, German Institute for Economic Research.

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