This paper focuses on the effect of the economic downturns in Europe during 2008-2014 and analyzes whether precautionary savings show deviating levels compared to pre-crisis and post-crisis periods. Precautionary savings in the Netherlands was 5% lower in the period after the crisis when the subjective earnings variance is used as proxy for income uncertainty. When the subjective unemployment risk variance is used as proxy, the pre-crisis period exhibits 10% lower precautionary savings. Risk aversion does not influence the level of one’s level of precautionary savings.

Netspar, Network for Studies on Pensions, Aging and Retirement, is een denktank en kennisnetwerk. Netspar is gericht op een goed geïnformeerd pensioendebat.

MEER OVER NETSPAR


Missie en strategie           •           Netwerk           •           Organisatie           •          Podcasts
Board Brief            •            Werkprogramma 2023-2027           •           Onderzoeksagenda

OVER NETSPAR

Onze partners

B20160708_tilburg university
B20200214_BlackRock_BLK_eng_black_rgb_small
B20200104_RailOV_logoo.original.grijswaarden
Print
B20190823_mn-logo_small
Bekijk al onze partners