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| Tomoki Kitamura, Yasuhiro Yonezawa and Munenori Nakasato |
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| ''Saving Behavior under the Influence of Income Risk: An Experimental Study
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| ( 2010, Vol. 30 No.2 ) |
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| 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. |
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| Keywords: Precautionary Saving, Experiment |
JEL: D1 - Household Behavior: General
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| Manuscript Received : Mar 04 2010 | | Manuscript Accepted : Apr 01 2010 |
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