Consumption and precautionary saving: An empirical analysis under both financial and environmental risks

Donatella Baiardi, Matteo Manera () and Mario Menegatti

Economic Modelling, 2013, vol. 30, issue C, 157-166

Abstract: This paper studies the empirical relationship between consumption and saving under two different sources of uncertainty: financial risk and environmental risk. The analysis is carried out using time series data for six advanced economies in the period 1965–2007.

Keywords: Consumption; Precautionary saving; Financial risk; Environmental risk; Prudence; Relative risk aversion; Uncertainty (search for similar items in EconPapers)
JEL-codes: D81 E21 Q50 (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (6)

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Related works:
Working Paper: Consumption and Precautionary Saving: An Empirical Analysis under Both Financial and Environmental Risks (2011)
Working Paper: Consumption and Precautionary Saving: An Empirical Analysis under Both Financial and Environmental Risks (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecmode:v:30:y:2013:i:c:p:157-166

DOI: 10.1016/j.econmod.2012.09.006

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