This paper develops and estimates a dynamic model of individuals' and couples' labor supply, savings, and retirement …

This paper revisits the debate on whether the expansion of the tax-favored saving accounts stimulates savings and helps … generations and find that the policy can have a strong impact on savings, raising the capital stock and output of the economy. The … policy effectively reduces the cost of incremental savings at different points of life-cycle when households would otherwise …

The risk of labor market, health, and asset-value shocks comprise profound retirement savings challenges for older … consumption, income, or savings behavior. With longitudinal data on mothers and children from the Panel Study of Income Dynamics … find evidence of a decline in consumption, an increase in labor supply, and a decrease retirement savings, though the …

This report is designed to provide new evidence on retirement patterns in the UK, as part of the Pensions Review, a … facing pensions systems, as pensions are designed to enable households to finance spending in old age when people are no …