Abstract
The effect of risk on savings depends not just on preferences but also on the type of risk. This helps to explain why the empirical literature reports positive effects for developed countries but negative effects for developing countries. © 2009 Elsevier B.V. All rights reserved.
Original language | English |
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Pages (from-to) | 39-41 |
Journal | Economics Letters |
Volume | 107 |
Issue number | 1 |
DOIs | |
Publication status | Published - 2010 |