Precautionary saving and old-age provisions: Do subjective saving motives measures work?
Lothar Essig ()
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Lothar Essig: Mannheim Research Institute for the Economics of Aging (MEA) and Sonderforschungsbereich 504, Postal: L 13, 15, D-68131 Mannheim
No 05-22, Sonderforschungsbereich 504 Publications from Sonderforschungsbereich 504, Universität Mannheim, Sonderforschungsbereich 504, University of Mannheim
Abstract:
The literature on precautionary saving provides contradictory views on the importance of precautionary saving. The SAVE data offer the possibility to generate some of the frequently used instruments known from the literature in order to measure the extent of precautionary savings. This paper compares the influence of these instruments on long-run and short-run saving measures. In addition, SAVE contains information on a broad range of saving motives. This paper uses these short-run and long-run savings motives to describe differences in savings, saving rates and wealth accumulation.
Pages: 53 pages
Date: 2004-08-11
Note: Financial support from the Deutsche Forschungsgemeinschaft, SFB 504, at the University of Mannheim, is gratefully acknowledged.
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