Precautionary Saving Behavior of Urban Households: an Empirical Study of Micro Data

摘要：

Starting from the inter-temporal utility maximization, deriving the theoretical model of optimal consumption, combining this with individual risk factors,using micro-data of related family investigation from the year 2002 to 2004 in city of Zhejiang province, this paper analyzes the precautionary saving behavior of urban households from the aspect of individuals idiosyncratic risks. The empirical results show that there are precautionary motives among urban households. The family features strongly affect consumption. Not only the demographic variables, but also the level of education and occupation of the head of the household will have influence on consumption decision. Different consumer groups may react differently to the individual risk, so the risks they faced differ accordingly, especially to the age, education level and occupation variables.

关键词： Urban households Precautionary saving Uncertainty Micro-data Panel data model

作者: Weiya Zhao Yu Zhang

作者单位: College of Statistics & Mathematics Zhejiang Gongshang University Hangzhou city, China

会议类型: 国际会议

会议名称: 2007 Conference on Systems Science, Management Science and System Dynamics(第二届系统科学、管理科学与系统动力学国际会议)

会议地点: 上海

会议语种:英文

页码: 3069-3078

在线出版日期: 2007-10-19（万方平台首次上网日期，不代表论文的发表时间）