Precautionary Saving From Different Sources Of Income
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Precautionary Saving From Different Sources Of Income
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Author : Richard H. Adams
language : en
Publisher: World Bank Publications
Release Date : 2002
Precautionary Saving From Different Sources Of Income written by Richard H. Adams and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002 with Ahorro - Pakistan categories.
Much of past literature has assumed that households in developing countries save at the same marginal rate from all sources of income. But in rural Pakistan households save at very different marginal rates from different sources of income. The marginal propensity to save from those sources of income that are more variable and uncertain --- like external remittances --- is much higher than from those sources of income that are more predictable --- like rental income.
Precautionary Saving From Different Sources Of Income
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Author : Adams, Jr. (Richard H.)
language : en
Publisher:
Release Date : 2016
Precautionary Saving From Different Sources Of Income written by Adams, Jr. (Richard H.) and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with categories.
Much of past literature has assumed that households in developing countries save at the same marginal rate from all sources of income. But in rural Pakistan households save at very different marginal rates from different sources of income. The marginal propensity to save from those sources of income that are more variable and uncertain - like external remittances - is much higher than from those sources of income that are more predictable - like rental income.Few studies have tried to measure how households in a developing country save from each of the different income sources at their disposal. To help fill that gap, Adams uses five-year panel data to examine how households in rural Pakistan save from each of seven separate sources of income. Adams finds that households save from different sources of income at significantly different marginal rates. For example, the marginal propensity to save from external remittances (0.711) is much higher than that for rental income (0.085). As the precautionary model of saving suggests, the reasons for this relate to uncertainty: income that is more variable tends to be saved at a higher marginal rate. Faced with incomplete capital and credit markets, households in rural Pakistan save quot;for a rainy dayquot; by putting away mainly those sources of income that are more variable and uncertain.This paper - a product of the Poverty Reduction Group, Poverty Reduction and Economic Management Network - is part of a larger effort in the network to understand how households use savings for investment and development in developing countries.
Precautionary Saving From Different Sources Of Income
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Author : Richard H. Adams (Jr)
language : en
Publisher:
Release Date : 2013
Precautionary Saving From Different Sources Of Income written by Richard H. Adams (Jr) and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013 with categories.
Few studies have tried to measure how households in a developing country save from each of the different income sources at their disposal. To help fill that gap, the Author uses five-year panel data to examine how households in rural Pakistan save from each of the seven separate sources of income. The author finds that households save from different sources of income at significantly different marginal rates. For example, the marginal propensity to save from external remittances (0.711) is much higher than that for rental income (0.085). As the precautionary model of saving suggests, the reasons for this relate to uncertainty: income that is more variable, tends to be saved at a higher marginal rate. Faced with incomplete capital, and credit markets, households in rural Pakistan save: for a rainy day" by putting away mainly those sources of income that are more variable, and uncertain.
Precautionary Saving From Different Sources Of Income
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Author : Adams H. Richard Jr.
language : en
Publisher:
Release Date : 2002
Precautionary Saving From Different Sources Of Income written by Adams H. Richard Jr. and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002 with categories.
Precautionary Savings From Different Sources Of Income
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Author : Richard H. Adams
language : en
Publisher:
Release Date : 2002
Precautionary Savings From Different Sources Of Income written by Richard H. Adams and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002 with Saving and investment categories.
Much of past literature has assumed that households in Developing countries save at the same marginal rate from all sources of income. But in rural Pakistan households save at very different marginal rates from different sources of income. The marginal propensity to save from those sources of income that are more variable and uncertain, like external remittances, is much higher than from those sources of income that are more predictable, like rental income.
Dissecting Saving Dynamics
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Author : Mr.Christopher Carroll
language : en
Publisher: International Monetary Fund
Release Date : 2012-09-01
Dissecting Saving Dynamics written by Mr.Christopher Carroll and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-09-01 with Business & Economics categories.
We argue that the U.S. personal saving rate’s long stability (from the 1960s through the early 1980s), subsequent steady decline (1980s - 2007), and recent substantial increase (2008 - 2011) can all be interpreted using a parsimonious ‘buffer stock’ model of optimal consumption in the presence of labor income uncertainty and credit constraints. Saving in the model is affected by the gap between ‘target’ and actual wealth, with the target wealth determined by credit conditions and uncertainty. An estimated structural version of the model suggests that increased credit availability accounts for most of the saving rate’s long-term decline, while fluctuations in net wealth and uncertainty capture the bulk of the business-cycle variation.
Household Welfare Precautionary Saving And Social Insurance Under Multiple Sources Of Risk
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Author : Ivan Vidangos
language : en
Publisher:
Release Date : 2009
Household Welfare Precautionary Saving And Social Insurance Under Multiple Sources Of Risk written by Ivan Vidangos and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with Cost and standard of living categories.
The Empirical Importance Of Precautionary Saving In Turkey
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Author : Evren Ceritoglu
language : en
Publisher:
Release Date : 2009
The Empirical Importance Of Precautionary Saving In Turkey written by Evren Ceritoglu and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with categories.
The aim of this Ph. D. thesis is to contribute to the understanding of household consumption and saving behaviour under risk and uncertainty. The precautionary saving hypothesis proposes that households will postpone their consumption and increase their saving level to be protected against future labour income uncertainty. It is reasonable to interpret the additional rise in household saving due to future labour income uncertainty as precautionary saving. Moreover, it is expected that households will prefer to keep their precautionary saving in the form of financial assets because of their liquidity. I utilize several waves of household budget surveys, which are designed as repeated cross-sectional surveys that provide information about social, economic and demographic characteristics of households to reveal the empirical importance of precautionary saving in the Turkish economy. The empirical analysis confirms the predictions of the precautionary saving hypothesis. It is observed that households raise their saving level under risk and uncertainty and the amount of precautionary saving constitutes a significant fraction of total household saving. Labour income risk is the most important source of concern for households among the analysed risk types, since a job-opportunity in the registered economy creates a reliable source of income and social security coverage. Moreover, households implement alternative strategies in addition to precautionary saving such as holding a second job and to increase the number income earners in the family. The influence of risk and uncertainty on household consumption and saving behaviour is further intensified by the lack of a sufficient social security system, which meets the needs and the demands of society. However, a comprehensive social security reform starting with the introduction of universal health care is being implemented in Turkey. Thus, it is thought that the improvement of the social security system will diminish the significance of the precautionary motive for saving for households.
Precautionary Saving And The Marginal Propensity To Consume Out Of Permanent Income
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Author : Chris Carroll
language : en
Publisher:
Release Date : 2001
Precautionary Saving And The Marginal Propensity To Consume Out Of Permanent Income written by Chris Carroll and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001 with Consumer behavior categories.
Because the budget constraint implies that consumption must eventually fully adjust to permanent shocks, intuition suggests that consumption-smoothers will have an immediate marginal propensity to consume of one out of permanent shocks. However, this paper shows that if consumers are impatient and experience both transitory and permanent income shocks, the immediate marginal propensity to consume out of permanent shocks is strictly less than one, because buffer-stock savers have a target wealth-to-permanent-income ratio; for a consumer starting at the target ratio, a positive shock to permanent income moves their actual wealth- to-permanent-income ratio below the target, temporarily boosting the saving rate
Precautionary Saving And The Marginal Propensity To Consume Out Of Permanent Income
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Author :
language : en
Publisher:
Release Date :
Precautionary Saving And The Marginal Propensity To Consume Out Of Permanent Income written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on with categories.
The National Bureau of Economic Research, Inc. presents an abstract for the paper entitled "Precautionary Saving and the Marginal Propensity to Consume Out of Permanent Income," by Christopher D. Carroll and published April 2001. The paper discusses consumer behavior and saving and the propensity to consume from permanent income. Users may purchase the full text of the paper online.