2024-03-28T11:31:18Z
https://repository.dl.itc.u-tokyo.ac.jp/oai
oai:repository.dl.itc.u-tokyo.ac.jp:00042572
2022-12-19T05:21:23Z
62:7433:7434
9:7435:7436
The Degree of Precautionary Saving: A Reexamination
Lee, Jeong-Joon
97922
Sawada, Yasuyuki
97923
330
Precautionary saving
Prudence
Liquidity constraints
JEL Classification: D21, E21
application/pdf
Extending Dynan's methodology (1993), we show that a significant frac tion of the prudence parameter puzzle can be explained by a downward omitted variable bias. Further, the estimated prudence is substantially higher for liquidity-constrained households.
本文フィルはリンク先を参照のこと
technical report
日本経済国際共同センター
2006-11
Discussion paper series. CIRJE-F
CIRJE-F-448
AA11450569
eng
http://www.cirje.e.u-tokyo.ac.jp/research/dp/2006/2006cf448ab.html
metadata only access