We study the effect of further public caregiving subsidies (and insurance expansions to cover long-term care) on savings and saving behaviour. Specifically, weexamine the unique progressive introduction of a universal public long-term care subsidy (Sistema para la Autonomía y Atención a la...

The article presents households' motivations for saving, including - in particular - saving for retirement. It defines the notion of goals with reference to a more frequently described notion of motives. On the basis of the authors' own empirical research results, the relationship between saving...

One of the most common reasons for people to save is in order to pay for their care in later life. However, the effect of long-term care subsidies on savings is far from clear. In this paper we take advantage of a policy intervention to study the effect on savings and savings behaviour of the...

In the course of the ongoing process of climate change, natural disasters like storms, floods and droughts become more likely and/or more severe. While there is a growing macroeconomic literature on the growth-effects of natural disasters, little is yet known about the microeconomic channels...

This paper analyses the relationship between dispositional optimism and stock investments. Data are drawn from the second wave of the Survey of Health, Ageing and Retirement in Europe. Dispositional optimism is found to be a relevant predictor of the ownership of stocks as well as of the share...

The article presents households' motivations for saving, including – in particular – saving for retirement. It defines the notion of goals with reference to a more frequently described notion of motives. On the basis of the authors’ own empirical research results, the relationship between...

Experimental research done by behavioural economist points out human behavioural “heuristics and biases”, that often result in less than optimal individual economic decisions. These experiments cover a wide range of economic subjects, but one that we found most important to our society is...

Access to basic financial services, though, enables destitute and vulnerable individuals in society to promote prosperity, a significant section of rural population is still unbanked in India. Unveiling various small saving schemes, the Indian Government has accelerated the financial inclusion,...

The purpose of the paper is to highlight that funeral costs matter in households' decisions. In particular they do matter in the understanding of the impact of HIV/AIDS on households' wealth in developing countries. Nevertheless the magnitude of the implications on households through the channel...