Vis enkel innførsel

dc.contributor.authorFagereng, Andreas
dc.contributor.authorGuiso, Luigi
dc.contributor.authorPistaferri, Luigi
dc.date.accessioned2019-01-28T15:37:46Z
dc.date.available2019-01-28T15:37:46Z
dc.date.issued2017-05-05
dc.identifier.citationFagereng, Andreas, Luigi Guiso, and Luigi Pistaferri. 2017. "Firm-Related Risk and Precautionary Saving Response." American Economic Review, 107 (5): 393-97. https://doi.org/10.1257/aer.p20171093nb_NO
dc.identifier.issn1944-7981
dc.identifier.urihttp://hdl.handle.net/11250/2582703
dc.description.abstractWe propose a new approach to identify the strength of the precautionary motive and the extent of self-insurance in response to earnings risk based on Euler equation estimates. To address endogeneity problems, we use Norwegian administrative data and instrument consumption and earnings volatility with the variance of firm-specific shocks. The instrument is valid because firms pass some of their productivity shocks onto wages; moreover, for most workers, firm shocks are hard to avoid. Our estimates suggest a coefficient of relative prudence of 2, in a very plausible range.nb_NO
dc.language.isoengnb_NO
dc.publisherAmerican Economic Associationnb_NO
dc.subjectFirm Behaviornb_NO
dc.subjectSaving responsenb_NO
dc.titleFirm-Related Risk and Precautionary Saving Response.nb_NO
dc.typeJournal articlenb_NO
dc.typePeer reviewednb_NO
dc.description.versionacceptedVersionnb_NO
dc.rights.holderAmerican Economic Association.nb_NO
dc.subject.nsiVDP::Samfunnsvitenskap: 200::Økonomi: 210nb_NO
dc.source.pagenumber393-397nb_NO
dc.source.volume107nb_NO
dc.source.journalAmerican Economic Reviewnb_NO
dc.source.issue5nb_NO
dc.identifier.doihttps://doi.org/10.1257/aer.p20171093
dc.relation.projectThe Research Council of Norway: Grants: 236935 and 230843nb_NO


Tilhørende fil(er)

Thumbnail

Denne innførselen finnes i følgende samling(er)

Vis enkel innførsel