Construct · 1 fields · 1 citations

buffer-stock saving: a standalone construct

One name. One construct. A landmark on the map.

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Economics

households saving a target buffer against income risk rather than smoothing consumption over the whole life.

In economics, buffer-stock saving refers to households saving a target buffer against income risk rather than smoothing consumption over the whole life. This meaning comes from Carroll (1997) in The Quarterly Journal of Economics.[1]

Unit
Recovery means
Measured by

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Nearby constructs

buffer3 fields · 3 citationsjingle · one word, three constructs consumption3 fields · 5 citationsjingle · one word, three constructs risk6 fields · 13 citationsjingle · one name, six constructs

References

Carroll, C. D. (1997). Buffer-Stock Saving and the Life Cycle/Permanent Income Hypothesis. The Quarterly Journal of Economics, 112(1), 1-55. https://doi.org/10.1162/003355397555109

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