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oai:figshare.com:article/33802432 2026-09-15T15:19:54Z portal_1197 item_type_3 month_year_09_2026

Data for Policy uncertainty and household savings Michael F. McMahon (24741964) Francesco Giavazzi (16063886) Finance, Personal Uncertainty Germany -- Politics and government -- 1990- Migrated from ePrints 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.<br><br>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. Following the .do files by number should then replicate all the results in the paper. 2012-12-12T00:00:00Z Dataset Dataset 10.82444/warw.33802432.v1 https://figshare.com/articles/dataset/Data_for_Policy_uncertainty_and_household_savings/33802432 CC BY 4.0