The Importance of Precautionary Motives in Explaining Individual and Aggregate Saving
收藏NBER1993-11-01 更新2025-01-04 收录
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https://www.nber.org/papers/w4516
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This paper examines predictions of a life-cycle simulation model -- in which individuals face uncertainty regarding their length of life, earnings, and out-of-pocket medical expenditures, and imperfect insurance and lending markets -- for individual and aggregate wealth accumulation. Relative to
本文考察了一个生命周期模拟模型的预测——在该模型中,个体面临寿命、收入及自付医疗支出的不确定性,且保险与信贷市场存在不完善性——这些预测涉及个人与总财富积累。相对于
提供机构:
美国国家经济研究局
创建时间:
1993-11-01



