It might be objected that a phrase requiring, for example, "reasonable scientific foundation" of a suspicion to trigger precautionary measures is not very precise.
Moreover, unexpected events might affect current and retirement income, evidence on the precautionary motive of saving is far-reaching.
Although both fishing and precautionary savings (food stock or livestock) are observed in all villages, their relative importance varies across the villages.
Thus, weaker precautionary motives raise wealth inequality between income groups as well as age groups. 31.
But this is not clear since younger individuals who receive bequests would have a lower demand for precautionary saving.
That might be true, but interpretations of the precautionary principle are in fact emerging, albeit slowly.
For various reasons, the precautionary demand for farmland, which exists in many impoverished settings, tends to diminish as living standards rise.
We do not sterilize surgical instruments as a precautionary measure, as we know that an infection is rather probable if we use unclean instruments.
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