HIGHLIGHTS
- who: Hannu Laurila from the (UNIVERSITY) have published the research work: Money as Insurance, in the Journal: Risks 2022, 10, 238. of /2022/
- what: The main motivation of the paper is to lay grounds for further studies. The paper aims to answer to important questions about the consequences of rational and irrational saving of money on labor supply, illiquid saving, and investment in education. Incorporating education into the model shows that deposit saving correlates positively and education negatively with the expected market interest rate, thus affecting their relative proportion. The analysis shows that since m . . .
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