A TEST FOR THE PRESENCE OF PRECAUTIONARY SAVING

被引：20
|
作者：
KUEHLWEIN, M
机构：
[1] Pomona College, Claremont
来源：
ECONOMICS LETTERS | 1991年 / 37卷 / 04期
关键词：
D O I：
10.1016/0165-1765(91)90089-4
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This paper tests for precautionary saving by deriving an explicit measure of consumer uncertainty: the expectational errors from a consumption Euler equation. Using data from the Panel Study of Income Dynamics, I estimate these errors and find, contrary to the theory, a negative correlation between consumer uncertainty and consumption growth.
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页码：471 / 475
页数：5
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