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:|
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Kimball, Miles S, 1990.
"Precautionary Saving in the Small and in the Large,"
Econometric Society, vol. 58(1), pages 53-73, January.
- Miles S. Kimball, 1989. "Precautionary Saving in the Small and in the Large," NBER Working Papers 2848, National Bureau of Economic Research, Inc.
- Verbeek, M. & Nijman, T., 1990.
"Can Cohort Data Be Treated As Genuine Panel Data,"
9064, Tilburg - Center for Economic Research.
- David J. McKenzie, 2001. "Consumption Growth in a Booming Economy: Taiwan 1976-96," Working Papers 823, Economic Growth Center, Yale University.
- Dynan, Karen E, 1993. "How Prudent Are Consumers?," Journal of Political Economy, University of Chicago Press, vol. 101(6), pages 1104-13, December.
- Karen E. Dynan, 1993. "How prudent are consumers?," Working Paper Series / Economic Activity Section 135, Board of Governors of the Federal Reserve System (U.S.).
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 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.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with 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 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.