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

  • Essig, Lothar

    ()

    (Mannheim Research Institute for the Economics of Aging (MEA) and Sonderforschungsbereich 504)

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    The 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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    Paper provided by Sonderforschungsbereich 504, Universität Mannheim & Sonderforschungsbereich 504, University of Mannheim in its series Sonderforschungsbereich 504 Publications with number 05-22.

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    Length: 53 pages
    Date of creation: 11 Aug 2004
    Date of revision:
    Handle: RePEc:xrs:sfbmaa:05-22
    Note: Financial support from the Deutsche Forschungsgemeinschaft, SFB 504, at the University of Mannheim, is gratefully acknowledged.
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