A Test for the Presence of Precautionary Saving under Regime Changes in Aggregate Income

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dc.contributor.authorKong, Moon-Keeko
dc.contributor.authorLee, Hoe-Kyungko
dc.date.accessioned2008-04-07T05:53:06Z-
dc.date.available2008-04-07T05:53:06Z-
dc.date.created2012-02-06-
dc.date.created2012-02-06-
dc.date.issued2000-12-
dc.identifier.citationJOURNAL OF ECONOMIC THEORY AND ECONOMETRICS, v.6, no.2, pp.25 - 32-
dc.identifier.issn1229-2893-
dc.identifier.urihttp://hdl.handle.net/10203/3681-
dc.description.abstractWe test the presence of precautionary saving using aggregate time series data. Our measure of the expected variance of aggregate labor income is constructed from the Markov-switching model allowing for regime changes in labor income growth. A simple empirical test for the Euler equation using quarterly Korean data provides little evidence for the existence of precautionary motive for saving.-
dc.languageKorean-
dc.language.isoenen
dc.publisher한국계량경제학회-
dc.titleA Test for the Presence of Precautionary Saving under Regime Changes in Aggregate Income-
dc.typeArticle-
dc.type.rimsART-
dc.citation.volume6-
dc.citation.issue2-
dc.citation.beginningpage25-
dc.citation.endingpage32-
dc.citation.publicationnameJOURNAL OF ECONOMIC THEORY AND ECONOMETRICS-
dc.embargo.liftdate9999-12-31-
dc.embargo.terms9999-12-31-
dc.contributor.localauthorLee, Hoe-Kyung-
dc.contributor.nonIdAuthorKong, Moon-Kee-
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