RT Journal Article
T1 The impact of measured income uncertainty on Spanish household consumption at the end of the Great Recession
A1 Lugilde Sánchez, Alba
K1 Income uncertainty
K1 Precautionary saving 
K1 Panel data 
K1 Survey of Household Finances
K1 Great Recession
AB The aim of this paper is to study empirically the existence of precautionary saving in Spain at the end of the Great Recession using the micro data provided by the Spanish Survey of Household Finances. Using the panel component of these data, I construct a measure of income uncertainty for each household from the observed household real income and use it to test for the strength of precautionary saving. I find that an increase of 1% in the standard deviation of income reduces household consumption by 8.8% when using the logarithm of the household consumption as dependent variable; however, when using the ratio between consumption and average income as dependent variable, given the average normal income and consumption in the sample, consumption will decrease by 8.1%
PB Springer
SN 0340-8744
YR 2024
FD 2024
LK http://hdl.handle.net/10347/34743
UL http://hdl.handle.net/10347/34743
LA eng
NO Lugilde, A. The impact of measured income uncertainty on Spanish household consumption at the end of the Great Recession. Empirica 51, 679–702 (2024). https://doi.org/10.1007/s10663-024-09619-x
NO Open Access funding provided thanks to the CRUE-CSIC agreement with Springer Nature
DS Minerva
RD 24 abr 2026