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Precautionary Saving, Health Accumulation, and the Saving Downturn of the 1980s

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  • Skinner, Jonathan

Abstract

Argues that the dismal performance of the personal saving rate during the 1980's does not imply that U.S. households during this period were spendthrifts. Tests for the impact of precautionary saving using an Euler-equation approach based on a utility-maximizing model of life cycle consumption.

Suggested Citation

  • Skinner, Jonathan, 1990. "Precautionary Saving, Health Accumulation, and the Saving Downturn of the 1980s," National Tax Journal, National Tax Association;National Tax Journal, vol. 43(3), pages 247-257, September.
    • Handle: RePEc:ntj:journl:v:43:y:1990:i:3:p:247-57
    DOI: 10.1086/NTJ41788844
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    References listed on IDEAS

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    1. Kimball, Miles S, 1990. "Precautionary Saving in the Small and in the Large," Econometrica, Econometric Society, vol. 58(1), pages 53-73, January.
    2. Makin, John H & Couch, Kenneth A, 1989. "Saving, Pension Contributions, and the Real Interest Rate," The Review of Economics and Statistics, MIT Press, vol. 71(3), pages 401-407, August.
    3. Joel Slemrod, 1986. "Saving and the Fear of Nuclear War," Journal of Conflict Resolution, Peace Science Society (International), vol. 30(3), pages 403-419, September.
    4. Skinner, Jonathan, 1988. "Risky income, life cycle consumption, and precautionary savings," Journal of Monetary Economics, Elsevier, vol. 22(2), pages 237-255, September.
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