IDEAS home Printed from
   My bibliography  Save this article

The Prudence of Mexican Consumers


  • David J. Mckenzie

    () (Stanford University)


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.

Suggested Citation

  • David J. Mckenzie, 2002. "The Prudence of Mexican Consumers," Economía Mexicana NUEVA ÉPOCA, , vol. 0(2), pages 393-407, July-Dece.
  • Handle: RePEc:emc:ecomex:v:11:y:2002:i:2:p:393-407

    Download full text from publisher

    File URL:
    Download Restriction: no

    More about this item


    prudence; pseudo-panel; aggregation;


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. 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). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.