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Precautionary Savings in Mexico: Evidence From the Mexican Health and Aging Study
dc.contributor.author | Velandia Naranjo, Durfari | |
dc.contributor.author | van Gameren, Edwin | |
dc.date.accessioned | 2021-06-03T19:07:34Z | |
dc.date.accessioned | 2021-10-01T17:28:15Z | |
dc.date.available | 2021-06-03T19:07:34Z | |
dc.date.available | 2021-10-01T17:28:15Z | |
dc.date.issued | 2016 | |
dc.identifier.issn | 1475-4991 | |
dc.identifier.uri | https://repositorio.escuelaing.edu.co/handle/001/1552 | |
dc.description.abstract | Precautionary saving is the additional saving done by individuals to protect them financially in situations of uncertainty and reduce their vulnerability for negative shocks that may affect their consumption levels. This paper investigates the existence and extent of savings motivated by precaution in Mexico for people aged between 50 and 75, using data from the Mexican Health and Ageing Study 2003. The empirical strategy is based on a test of the direct relationship between the accumulated wealth and the uncertainty generated by the social security status, in particular the availability of health insurance, accounting also for the expectation to receive a retirement pension. The endogeneity-corrected estimates do not yield results that unequivocally support the existence of private savings as a risk protection mechanism, implying that the public protection system has an important role in reducing the vulnerability of the population studied. | eng |
dc.description.abstract | El ahorro preventivo es el ahorro adicional que hacen las personas para protegerse financieramente en situaciones de incertidumbre y reducir su vulnerabilidad a choques negativos que puedan afectar sus niveles de consumo. Este artículo investiga la existencia y alcance del ahorro motivado por la precaución en México para personas de 50 a 75 años, utilizando datos del Estudio de Salud y Envejecimiento de 2003 de México. La estrategia empírica se basa en una prueba de la relación directa entre la riqueza acumulada y la incertidumbre generada por la situación de la seguridad social, en particular la disponibilidad de seguro médico, también explica la expectativa de recibir una pensión de jubilación. Las estimaciones corregidas por endogeneidad no arrojan resultados que apoyen inequívocamente la existencia del ahorro privado como mecanismo de protección al riesgo, lo que implica que el sistema de protección pública juega un papel importante en la reducción de la vulnerabilidad de la población estudiada. | spa |
dc.format.extent | 28 páginas | spa |
dc.format.mimetype | application/pdf | spa |
dc.language.iso | eng | spa |
dc.publisher | John Wiley & Sons | spa |
dc.publisher | International Association for Research in Income and Wealth | spa |
dc.rights.uri | https://creativecommons.org/licenses/by/4.0/ | spa |
dc.source | https://onlinelibrary.wiley.com/doi/abs/10.1111/roiw.12164 | spa |
dc.title | Precautionary Savings in Mexico: Evidence From the Mexican Health and Aging Study | eng |
dc.type | Artículo de revista | spa |
dc.type.version | info:eu-repo/semantics/publishedVersion | spa |
oaire.accessrights | http://purl.org/coar/access_right/c_14cb | spa |
oaire.version | http://purl.org/coar/version/c_970fb48d4fbd8a85 | spa |
dc.contributor.researchgroup | Centro de Estudios Económicos | spa |
dc.identifier.doi | doi.org/10.1111/roiw.12164 | |
dc.identifier.url | https://onlinelibrary.wiley.com/doi/full/10.1111/roiw.12164 | |
dc.publisher.place | Estados Unidos | spa |
dc.relation.citationedition | Volume62, Issue2, June 2016 | spa |
dc.relation.citationendpage | 361 | spa |
dc.relation.citationissue | 2 | spa |
dc.relation.citationstartpage | 334 | spa |
dc.relation.citationvolume | 62 | spa |
dc.relation.indexed | N/A | spa |
dc.relation.ispartofjournal | The Review of Income and Wealth | eng |
dc.rights.accessrights | info:eu-repo/semantics/closedAccess | spa |
dc.rights.creativecommons | Atribución 4.0 Internacional (CC BY 4.0) | spa |
dc.subject.armarc | Pensionados - Finanzas personales - México | spa |
dc.subject.armarc | Pensioners - Personal Finance - Mexico | eng |
dc.subject.armarc | Seguridad económica - México | spa |
dc.subject.armarc | Economic security - Mexico | eng |
dc.subject.armarc | Seguridad social - México | spa |
dc.subject.armarc | Social security - Mexico | eng |
dc.subject.armarc | Ahorro e inversión - México | spa |
dc.subject.armarc | Saving and investment - Mexico | eng |
dc.subject.proposal | C21 | spa |
dc.subject.proposal | C26 | spa |
dc.subject.proposal | D12 | spa |
dc.subject.proposal | D31 | spa |
dc.subject.proposal | D91 | spa |
dc.subject.proposal | E21 | spa |
dc.subject.proposal | Financial protection | eng |
dc.subject.proposal | Precautionary saving | eng |
dc.subject.proposal | Social security | eng |
dc.subject.proposal | Uncertainty | eng |
dc.subject.proposal | Vulnerability | eng |
dc.subject.proposal | Wealth | eng |
dc.type.coar | http://purl.org/coar/resource_type/c_2df8fbb1 | spa |
dc.type.content | Text | spa |
dc.type.driver | info:eu-repo/semantics/article | spa |
dc.type.redcol | http://purl.org/redcol/resource_type/ART | spa |
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Clasificación: C - Convocatoria 2018