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Quarterly Journal of Economics Vol. 82 No. 3 1968

Saving and Uncertainty: The Precautionary Demand for Saving

Hayne E. Leland1,2

1 Stanford University · 2 Harvard University Press

Abstract

I. Introduction, 465. — II. A two period model of consumption, 466. — III. The effect of uncertainty on saving, 467. — IV. Decreasing risk aversion and precautionary saving, 468. — V. Speculations on the consumption function, 470. — VI. Conclusion, 472.

DOI
10.2307/1879518
Volume
82
Issue
3
Pages
465
Sources
crossref openalex

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