Risk, natural disasters, and household savings in a life cycle model
Risk, natural disasters, and household savings in a life cycle model
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DOI：
10.1016/s0922-1425(00)00056-6
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发表时间：
2001-01-01
影响因子：
1.3
通讯作者：
Skidmore, M
中科院分区：
文献类型：
--
作者：
Skidmore, M
在这篇文章中，我考察了一个生命周期模型中的储蓄行为，该模型被扩展到包括因自然灾害而产生的未来经济损失的概率。Bronfenbrenner和Yasuba(1987)[经济福利。见：Yamura，K.，Yasuba，Y.(编辑)《日本的政治经济，国内转型》，第一卷。I.斯坦福大学出版社，加州斯坦福，第93-136页。]和富山(1987)[日本人的勤俭节约(日本人民的勤俭)。东京经济新闻[Toyo Keizai Shinposha]暗示，地震、火山喷发等灾难频发。山体滑坡。而台风也助长了日本人的高储蓄倾向。我使用自然灾害造成的损失的跨国差异来估计对家庭储蓄率的影响。我发现，地质和气候灾难造成的较高损失与家庭储蓄率显著相关。(C)2001 Elsevier Science B.V.保留所有权利。
In this paper, I examine savings behavior in a life cycle model that is extended to include the probability of a future economic loss arising from a natural catastrophe. Bronfenbrenner and Yasuba (1987) [Economic welfare. In: Yamura, K., Yasuba, Y. (Eds.). The Political Economy of Japan, The Domestic Transformation, Vol. I. Stanford University Press, stanford, CA, pp. 93-136.] and Toyama (1987) [Nihonjin no kinben chochiku-kan (The diligence and frugality of the Japanese people). Toyo Keizai Shinposha, Tokyo] suggest that frequency of catastrophes such as earthquakes, volcanic eruptions. landslides. and typhoons has contributed to the Japanese high propensity to save. I use cross-country variation in damages caused by natural disasters to estimate the effects on household saving rates. I find that higher damages from geologic and climatic catastrophes are significantly correlated with household saving rates. (C) 2001 Elsevier Science B.V. All rights reserved.