United Kingdom and the rest of Europe. How governments respond to shifts in saving and in the burden of state pensions is …

Retail lending grew very fast in the New Europe region in the last years, prompting a debate on whether such a rapid … liquidity-constrained households, the paper finds that current trends in household credit markets largely reflect an equilibrium … phenomenon, in which household credit increases rapidly from extremely low initial levels, in the context of a relaxation of …

relationship between aggregate fertility and household savings. First, we document that parents perceive children as an important … source of old-age support and that in partial equilibrium, increased fertility lowers household savings. Then, we construct … equilibrium effects can substantially overstate the effect of a change in aggregate fertility on households savings. …

offered financial education. Both programs included a voluntary after-school savings club that provided students with a locked … money box. After nine months, both programs had significant impacts on savings behavior relative to the control group …, mostly because children moved savings from home to school. We observed few other impacts. We do find that financial education …

borrowing and savings at unfavorable interest rates as well as the failure to undertake profitable and easily available …