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Data for Policy uncertainty and household savings
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McMahon, Michael F. and Giavazzi, Francesco (2012) Data for Policy uncertainty and household savings. [Dataset]
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Official URL: https://wrap.warwick.ac.uk/134727
Abstract
Using German microdata and a quasi-natural experiment, we provide evidence on how households respond to an increase in uncertainty. We find that household saving increases significantly following the increase in political uncertainty observed in the run-up to the 1998 German general election. We also find evidence of a labor supply response by workers who can use the margin offered by part-time employment. Our results are suggestive of the economic effects of “wars of attrition”: when political disagreement leads to delays in adopting a reform or the possibility that earlier reforms may be revoked, the increased uncertainty could slow the economy.
| Item Type: | Dataset | ||||||
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| Alternative Title: | Replication data for : Policy Uncertainty and Household Savings | ||||||
| Subjects: | H Social Sciences > HG Finance | ||||||
| Divisions: | Faculty of Social Sciences > Economics | ||||||
| Type of Data: | Experimental data | ||||||
| Library of Congress Subject Headings (LCSH): | Finance, Personal, Uncertainty, Germany -- Politics and government -- 1990- | ||||||
| Publisher: | University of Warwick, Department of Economics | ||||||
| Official Date: | 12 December 2012 | ||||||
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| Status: | Not Peer Reviewed | ||||||
| Publication Status: | Published | ||||||
| Media of Output (format): | .do .dta | ||||||
| Access rights to Published version: | Open Access (Creative Commons) | ||||||
| Copyright Holders: | University of Warwick | ||||||
| Description: | Data record consists of a zip archive containing the relevant data files, in .do and .dta format, and readme file. All analysis was completed using release GSOEP21 using Stata 10 run on a PC Toshiba laptop. |
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