The theory of precautionary saving: an overview of recent developments

This work reviews recent developments in the literature analyzing precautionary saving. After a description of traditional precautionary saving theory, which considers labor income risk and interest rate risk, we present different research lines which introduce a wide range of extensions and general...

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Veröffentlicht in:Review of economics of the household 2020-06, Vol.18 (2), p.513-542
Hauptverfasser: Baiardi, Donatella, Magnani, Marco, Menegatti, Mario
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Sprache:eng
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