The expression fear saving is named in the public debate the behavior of the members of a national economy to react due to future doubts with consumer renouncement and to increase instead the formation from savings to.

Particularly in the political debate fear saving was designated as a cause for continuously low consumption. Often a reproachful Konnotation swings also, in the sense that a majority of the fear savers is not at all directly affected by bad economic prospects. The fact that with high unemployment far more humans around their job worry themselves was also proven and consume accordingly reservedly when is threatened of unemployment actually, in several examples.

In the political economy such connections are for a long time recognized. They become there however not as fear saving, but as "„saving from caution "“(English: precautionary savings) designates. Political economists such as Hayne Leland developed on the one hand theories, which explain such a behavior as meaningful, because the rational consumer with larger reserves in the present meets larger risks in the future. On the other hand it does not have to concern with these risks inevitably material risks. Rather a multiplicity from events can lead to the fact that the subjectively felt risks grow (independently of the objective risks) and thus an as it were irrational consumer renouncement cause.

Literature

Leland, Hayne (1968): "„Saving and Uncertainty: The Precautionary and for Saving "“, Quarterly journal OF Economics, Jg. 82, P. 465-473

Related links

• http://www.wams.de/data/2004/10/24/350263.html

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