Precautionary Strategies and Household Saving
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Why do people save? A strand of the literature has emphasized the role of precautionary motives; i.e., private agents save in order to mitigate unexpected future income shocks. An implication is that in countries faced with more macroeconomic volatility and risk, private saving should be higher.
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美国国家经济研究局创建时间：
2015-03-01
