between factor- and personal-income distribution are studied in the light of existing analytic results from the precautionary-savings … literature, and by numerical solution experiments. Aggregate savings are an increasing function of non-accumulated income …

Evidence on the effectiveness of financial education and formal savings account access is lacking, particularly for … shows the education plus account treatment increases bank savings relative to account-only. But survey-measured total … savings shows roughly equal increases across all treatment arms. Earned income also increases in all treatment arms. We find …

women. Here, using a randomized controlled trial, we examine whether access to an individually-held commitment savings …

We study liquidity trap dynamics driven by nonfundamental shifts in expectations in a model with nominal rigidities … greatly magnifies the decline in output and house prices during a liquidity trap recession. The amplification mechanism is … when leverage is small. We argue that the liquidity trap dynamics share some important features with the recent US …