Precautionary Savings in the Great Recession

Working Paper No. 12/42

Nopic
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... READ MORE...

Publication date: February 2012
ISBN 9781463936433
$18.00

Add to Cart by clicking price of the language and format you'd like to purchase

Available Languages and Formats

Paperback

Publication date: February 2012

PDF

Publication date: February 2012

English