The Prudence of Mexican Consumers
The ENIGH household surveys are used to investigate the strength of the precautionary motive in Mexico, using pseudo-panel methods to obtain estimates of the coefficient of relative prudence for Mexican consumers. The method provided accounts for the aggregation problems arising from unequally-spaced surveys. The low levels of prudence found can help explain why consumers had insufficient savings to smooth consumption during the peso crisis. Differences in prudence may also explain the low household savings rates in Mexico compared to the high savings rates in East Asian countries such as Taiwan.
Volume (Year): XI (2002)
Issue (Month): 2 (July-December)
|Contact details of provider:|
When requesting a correction, please mention this item's handle: RePEc:emc:ecomex:v:11:y:2002:i:2:p:393-407. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ricardo Tiscareño)
If references are entirely missing, you can add them using this form.