Precautionary saving
Revision as of 18:27, 2 July 2020 by Kainat9 (talk | contribs) (Created page with "Precautionary saving is the extra saving that results from uncertainty regarding, for example, longevity or future income. ==Definition== According to Macroeconomics by...")
Precautionary saving is the extra saving that results from uncertainty regarding, for example, longevity or future income.
Definition
According to Macroeconomics by Mankiw (7th edition),
- Precautionary saving. The extra saving that results from uncertainty regarding, for example, longevity or future income.