All Rights Reserved
AccessEcon LLC 2006, 2008.
Powered by MinhViet JSC
ralph lauren polo

 
Tomoki Kitamura, Yasuhiro Yonezawa and Munenori Nakasato
 
''Saving Behavior under the Influence of Income Risk: An Experimental Study ''
( 2010, Vol. 30 No.2 )
 
 
Individual subjects are experimentally tested for precautionary saving. We use a simplified experimental framework and decision supporting tool to show that subject's consumption is consistent with precautionary saving. We find that subjects overact in changing current income. However, those over-reactions cancel each other, and subject's consumption behavior is close to the optimal solutions on average.
 
 
Keywords: Precautionary Saving, Experiment
JEL: D1 - Household Behavior: General
 
Manuscript Received : Mar 04 2010 Manuscript Accepted : Apr 01 2010

  This abstract has been downloaded 382 times                The Full PDF of this paper has been downloaded 87731 times