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Expectations and Saving Behavior: An Empirical Analysis

Stefan Arent ()

No 128, ifo Working Paper Series from ifo Institute - Leibniz Institute for Economic Research at the University of Munich

Abstract: In this paper we analyze the impact of the expectations about future labor income on the saving behavior of German households. We measure expectations on an individual basis instead of generalized risk measures as it is common in existing studies. We use a unique panel data set on household savings. We find that that a higher unemployment expectation significantly decreases savings. However, we are not able to identify a significant relationship between general future income expectations and savings. Moreover, we find that good health expectations increase savings in Western Germany, but decrease the savings in Eastern Germany.

JEL-codes: D12 D14 D31 D84 D91 (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (7)

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