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Precautionary saving in the large: nth degree deteriorations in future income
Institution:1. Universidad de Vigo, RGEA-ECOBAS, Spain;2. Universidad de Salamanca, IME, Spain;1. Korea University, Republic of Korea;2. University of Exeter, United Kingdom;1. Department of Quantitative Economics, Maastricht University, Netherlands;2. Economic Research Unit, Indian Statistical Institute, Kolkata, India;1. CNRS-University of Cergy-Pontoise (THEMA, UMR 8184), France;2. CNRS-Paris School of Economics (PjSE, UMR 8545), France;1. Department of Economics, College of Business, Florida Atlantic University, Boca Raton, FL 33431, United States;2. Department of Economics, Cornell University, Uris Hall, Ithaca, NY 14850, United States
Abstract:
Keywords:Precautionary saving  Precautionary premium  Stochastic dominance  Higher degree risk increase  Mean preserving stochastic dominance
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