| 来源类型 | Working Paper
|
| 规范类型 | 报告
|
| DOI | 10.3386/w26635
|
| 来源ID | Working Paper 26635
|
| Dynastic Precautionary Savings |
| Corina Boar
|
| 发表日期 | 2020-01-13
|
| 出版年 | 2020
|
| 语种 | 英语
|
| 摘要 | This paper provides evidence that parents accumulate savings to insure their children against income risk. I refer to this behavior as dynastic precautionary saving and quantify its extent using matched parent-child pairs from the Panel Study of Income Dynamics and exploiting variation in income risk across age, industries and occupations. I then build a model of altruistically linked overlapping generations, in which parents and children interact strategically, that is quantitatively consistent with the empirical evidence. I argue that strategic interactions are important for generating the observed dynastic precautionary behavior and use the model to show this component of household savings is quantitatively important for wealth accumulation, intergenerational transfers and consumption insurance. |
| 主题 | Macroeconomics
; Consumption and Investment
|
| URL | https://www.nber.org/papers/w26635
|
| 来源智库 | National Bureau of Economic Research (United States)
|
| 引用统计 |
|
| 资源类型 | 智库出版物
|
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/584309
|
推荐引用方式
GB/T 7714 |
Corina Boar. Dynastic Precautionary Savings. 2020.
|
|
文件名：
|
w26635.pdf
|
|
格式：
|
Adobe PDF
|
此文件暂不支持浏览
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
