Unemployment Risk and Precautionary Wealth: Evidence from Households' Balance Sheets Export

@misc{citeulike:2242063, abstract = {Recent empirical work on the strength of precautionary saving has yielded widely varying conclusions. The mixed findings may reflect a number of difficulties in proxying uncertainty, executing instrumental variables estimation, and incorporating theoretical restrictions into empirical models. For each of these problems, this paper uses existing bestpractice techniques and some new strategies to relate unemployment probabilities from the Current Population Survey to net worth data from the...}, author = {Karen, Christopher C.}, citeulike-article-id = {2242063}, citeulike-linkout-0 = {http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.26.9558}, keywords = {unemployment, wealth}, posted-at = {2008-01-17 00:41:47}, priority = {4}, title = {Unemployment Risk and Precautionary Wealth: Evidence from Households' Balance Sheets}, url = {http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.26.9558} }

TY - GEN ID - citeulike:2242063 L3 - citeulike-article-id:2242063 N2 - Recent empirical work on the strength of precautionary saving has yielded widely varying conclusions. The mixed findings may reflect a number of difficulties in proxying uncertainty, executing instrumental variables estimation, and incorporating theoretical restrictions into empirical models. For each of these problems, this paper uses existing bestpractice techniques and some new strategies to relate unemployment probabilities from the Current Population Survey to net worth data from the... TI - Unemployment Risk and Precautionary Wealth: Evidence from Households' Balance Sheets KW - unemployment KW - wealth AU - Karen, Christopher UR - http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.26.9558 ER -