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Christopher D Carroll, Corrections All material on this site has been provided by the respective publishers and authors.

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General contact details of provider: Finally, the paper compares the levels of financial fragility and methods of coping among eight industrialized countries. If you are a registered author of this item, you may also want to check the “citations” tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

If you schneiderr 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. This abstract was borrowed from another version of this item.


Help us Corrections Found an error or omission? See general information about how to correct material in RePEc. Household finance researchers must look beyond precautionary saving to understand how families cope with risk. RePEc uses bibliographic data supplied by the respective publishers.

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We also find evidence of a pecking order of coping methods in which savings appears to be first in the ordering. Other versions of this item: New Liquidity and Credit Scoring Puzzles?

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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 frequently to deal schnsider emergencies, especially for some subgroups.


More about this item Keywords financial fragility ; savings ; coping ; JEL classification: Download full text from publisher File URL: You can help correct errors and omissions.

This allows to link your profile to this item. If you have authored this item and are not yet registered with RePEc, schneiver encourage you to do it here.

It also allows you to accept potential citations to this item that we are uncertain about. We examine the coping methods people use to deal with shocks. While there are differences in coping ability across countries, there is general evidence of a consistent ordering of coping methods.

Almost half of Americans report that they are incapable of coming-up with the funds necessary schndider deal with an ordinary financial shock.