Does Saving Anticipate Declining Labor Income? An Alternative Test of the Permanent Income Hypothesis
收藏NBER1986-01-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w1805
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资源简介：
The permanent income hypothesis implies that people save because they rationally expect their labor income to decline; they save "for a rainy day". It follows that saving should be at least as good a predictor of declines in labor income as any other forecast that can be constructed from publicly
提供机构：
美国国家经济研究局
创建时间：
1986-01-01
