Precautionary Savings in the Great Recession:
Gespeichert in:
Bibliographische Detailangaben
Beteilige Person: Mody, Ashoka (VerfasserIn)
Format: Elektronisch E-Book
Sprache:Englisch
Veröffentlicht: Washington, D.C International Monetary Fund 2012
Schriftenreihe:IMF Working Papers Working Paper No. 12/42
Links:http://elibrary.imf.org/view/IMF001/12621-9781463936433/12621-9781463936433/12621-9781463936433.xml
http://elibrary.imf.org/view/IMF001/12621-9781463936433/12621-9781463936433/12621-9781463936433.xml
http://elibrary.imf.org/view/IMF001/12621-9781463936433/12621-9781463936433/12621-9781463936433.xml
http://elibrary.imf.org/view/IMF001/12621-9781463936433/12621-9781463936433/12621-9781463936433.xml
http://elibrary.imf.org/view/IMF001/12621-9781463936433/12621-9781463936433/12621-9781463936433.xml
http://elibrary.imf.org/view/IMF001/12621-9781463936433/12621-9781463936433/12621-9781463936433.xml
http://elibrary.imf.org/view/IMF001/12621-9781463936433/12621-9781463936433/12621-9781463936433.xml
http://elibrary.imf.org/view/IMF001/12621-9781463936433/12621-9781463936433/12621-9781463936433.xml
http://elibrary.imf.org/view/IMF001/12621-9781463936433/12621-9781463936433/12621-9781463936433.xml
http://elibrary.imf.org/view/IMF001/12621-9781463936433/12621-9781463936433/12621-9781463936433.xml
http://elibrary.imf.org/view/IMF001/12621-9781463936433/12621-9781463936433/12621-9781463936433.xml
http://elibrary.imf.org/view/IMF001/12621-9781463936433/12621-9781463936433/12621-9781463936433.xml
http://elibrary.imf.org/view/IMF001/12621-9781463936433/12621-9781463936433/12621-9781463936433.xml
http://elibrary.imf.org/view/IMF001/12621-9781463936433/12621-9781463936433/12621-9781463936433.xml
http://elibrary.imf.org/view/IMF001/12621-9781463936433/12621-9781463936433/12621-9781463936433.xml
http://elibrary.imf.org/view/IMF001/12621-9781463936433/12621-9781463936433/12621-9781463936433.xml
http://elibrary.imf.org/view/IMF001/12621-9781463936433/12621-9781463936433/12621-9781463936433.xml
http://elibrary.imf.org/view/IMF001/12621-9781463936433/12621-9781463936433/12621-9781463936433.xml
http://elibrary.imf.org/view/IMF001/12621-9781463936433/12621-9781463936433/12621-9781463936433.xml
http://elibrary.imf.org/view/IMF001/12621-9781463936433/12621-9781463936433/12621-9781463936433.xml
http://elibrary.imf.org/view/IMF001/12621-9781463936433/12621-9781463936433/12621-9781463936433.xml
Abstract:Heightened uncertainty since the onset of the Great Recession has materially increased saving rates, contributing to lower consumption and GDP growth. Consistent with a model of precautionary savings in the face of uncertainty, we find for a panel of advanced economies that greater labor income uncertainty is significantly associated with higher household savings. These results are robust to controlling for other determinants of saving rates, including wealth-to-income ratios, the government fiscal balance, demographics, credit conditions, and global growth and financial stress. Our estimates imply that at least two-fifths of the sharp increase in household saving rates between 2007 and 2009 can be attributed to the precautionary savings motive
Umfang:1 Online-Ressource (38 p)
ISBN:1463936435
9781463936433