Precautionary savings: The empirical importance of precautionary saving

American Economic Review

Volumn 91, Issue 2, 2001, Pages 406-412

  Gourinchas, Pierre Olivier ^a   Parker, Jonathan A ^b  

^a PRINCETON UNIVERSITY   (United States)

^b NONE

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0038978100     PISSN: 00028282     EISSN: None     Source Type: Journal    
DOI: 10.1257/aer.91.2.406     Document Type: Article

References (12)

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4. Deaton, Angus. "Saving and Liquidity Constraints." Econometrica, September 1991, 59(5), pp. 1121-42.
5. Gourinchas, Pierre-Olivier. "Precautionary Saving, Life Cycle and Macroeconomics." Mimeo, Princeton University, June 2000.
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7. Krusell, Per and Smith, Anthony A. "Income and Wealth Heterogeneity in the Macroeconomy." Journal of Political Economy, October 1998, 106(5), pp. 867-96.
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9. _. "Spendthrift in America? On Two Decades of Decline in the U.S. Saving Rate," in Ben Bernanke and Julio Rotemberg, eds., NBER Macroeconomics Annual, 1999. Cambridge, MA: MIT Press, 2000, pp. 317-69.
10. Parker, Jonathan A. and Preston, Bruce. "Precautionary Saving and Economic Fluctuations." Mimeo, Princeton University, January 2001.
11. Storesletten, Kjetil; Telmer, Chris I. and Yaron, Amir. "Asset Pricing with Ideosyncratic Risk and Overlapping Generations." Mimeo, University of Pennsylvania, July 1999.
12. Zeldes, Stephen P. "Optimal Consumption with Stochastic Income: Deviations from Certainty Equivalence." Quarterly Journal of Economics, May 1989, 104(2), pp. 275-98.