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More about this item Keywords financial fragility ; savings ; coping ; JEL classification: We examine the coping methods people use to deal with shocks. It also allows you to accept potential citations to this item that we are uncertain about.


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Download full text from publisher File URL: Sdhneider requesting a correction, please mention this item’s handle: Christopher D Carroll, For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: While there are differences in coping ability across countries, there is general evidence of a consistent ordering of coping methods.

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We also find evidence of a pecking order of scheider methods in which savings appears to be first in the ordering. Finally, the paper compares the levels of financial fragility and methods of coping among eight industrialized countries.

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While savings is used most often, relying on family and friends, using formal and alternative credit, increasing work hours, and selling items are also used echneider to deal with emergencies, especially for some subgroups.


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Schneider Electric – KBA40EDTW, KBA40ABG4TW, KBA25ED, SDMOAA, C

Help us Corrections Found an error or omission? This allows to link your profile to this item. Household finance researchers must look beyond precautionary saving to understand how families cope with risk. General contact details of provider: If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. Almost half of Americans report that they are incapable of coming-up with the funds necessary to deal with an ordinary financial shock.

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