Income Uncertainty and Precautionary Saving: Evidence from Household Rotating Panel Data

Pedro Albarran Perez ()

Working Papers from Centro de Estudios Monetarios Y Financieros-

Abstract: The aim of this paper is to analyse precautionary saving associated with income risk over the last two decades in Spain; some empirical evidence seems to point to the extension of temporary job contracts in those years as an important source of uncertainty for Spanish households. I use a rotating panel, the Spanish family expenditure survey, to model income dynamics and consumption growth.

Keywords: SAVINGS; INCOME; RISK; HOUSEHOLD (search for similar items in EconPapers)
JEL-codes: D12 E27 E21 (search for similar items in EconPapers)
Date: 2000
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