A new interpretation for the precautionary saving motive: a note

DOI10.1007/S00712-007-0279-XMaRDI QIDQ2476004zbMATH OpenOpenAlexFDO

Authors Mario Menegatti

Publication date 11 March 2008

Published in Journal of Economics (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1007/s00712-007-0279-x

zbMATH Keywords

risk aversionprudenceprecautionary saving

Mathematics Subject Classification ID

Consumer behavior, demand theory (91B42)

Recommendations

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Cites work

• On the conditions for precautionary saving
• Risk Aversion in the Small and in the Large
• The economics of risk and time

Cited in

(17)

• New results on precautionary saving and nonlinear risks
• Precautionary saving under many risks
• The monetary utility premium and interpersonal comparisons
• Optimal prevention and prudence in a two-period model
• Pigouvian tax, abatement policies and uncertainty on the environment
• Even imprudent risk lovers may engage in precautionary saving
• Precautionary saving and the notion of ambiguity prudence
• Optimal saving in the presence of two risks
• Precautionary saving in the large: \(n\)th degree deteriorations in future income
• Optimal saving and health prevention
• New results on precautionary saving under two risks
• A new interpretation of the condition for precautionary saving in the presence of an interest-rate risk
• On the precautionary motive for savings and prudence in the rank-dependent utility framework
• On non-monetary measures in the face of risks and the signs of the derivatives
• Self-protection with random costs
• Changes in multiplicative risks and optimal portfolio choice: new interpretations and results
• The utility premium of Friedman and Savage, comparative risk aversion, and comparative prudence

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