-income households increased their demand for credit to finance higher consumption expenditures in order to "keep up" with higherincome … households. Using household level data on debt accumulation during 2001-2012, we show that low-income households in high …

Many households have insufficient savings to handle moderate and routine consumption shocks. Many of these financially … fragile households also have the highest lottery expenditures as a proportion of income. This combination suggests that Prize …-risk households. Results from an online experiment show that the introduction of PLS accounts increase total savings and reduce …

of disposable income. We use household-level data to explain why households are postponing consumption despite rapid … households. We find that financial underdevelopment, as reflected in constraints on borrowing and low returns on financial assets …

-shaped. Using a panel of urban Chinese households covering 1989-2006, we document a sharp increase in income uncertainty. While the … households, respectively, to raise their saving rates. These two factors account for over half of the increase in China's urban …

consistent with these trends. When households care about their consumption relative to others, individual saving rates decrease …