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Saving and Uncertainty: The Precautionary Demand for Saving

Hayne E. Leland^1,2

¹ Stanford University · ² Harvard University Press

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 (3)

Pages

465

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Sources

crossref openalex