- Home
- Publications
- Empirical Analysis Of Household Savings Decisions In Context Of Uncertainty: A Cross-sectional Approach
Empirical Analysis of Household Savings Decisions in Context of Uncertainty: A cross-sectional approach
Related Themes
Productivity, Trade, and Regional EconomiesPaper Category Number
417
Most empirical studies of savings behaviour that take explicit account of uncertainty consider for identi cation data that describe the evolution of circumstances observed during an appreciable period of the life-course. Here we report results obtained using a dynamic programming model that has been adapted to permit identi cation of preference parameters based on data observed at a point in time for a given population cross-section. The behavioural margins used to identify key preference parameters are described, and the advantages of the approach are discussed. Our empirical results demonstrate the feasibility of the empirical approach in context of contemporary desktop computing technology.
Related Blog Posts
Exploring the Data on UK Productivity Performance
Issam Samiri
Stephen Millard
11 Dec 2023
4 min read
UK Investment Past and Prospects: A Framework for Analysis
Catherine Mann
01 Dec 2023
6 min read
Where Are We With Regional Inequalities in the UK?
Adrian Pabst
Jagjit S. Chadha
01 Nov 2023
5 min read
Related Projects
Related News
Related Publications
UK Business Investment: Economists, Managers, Financiers
25 Apr 2024
UK Productivity Commission
The Nature of the Inflationary Surprise in Europe and the USA
21 Mar 2024
Discussion Papers