We study risk attitudes, ambiguity attitudes, and time preferences of 661 children and adolescents, aged ten to …) and are less likely to save money. Experimental measures for risk and ambiguity attitudes are only weak predictors of …

of disposable income. We use household-level data to explain why households are postponing consumption despite rapid … income growth. Tracing cohorts over time indicates a virtual absence of consumption smoothing over the life cycle. The age … profile of savings has an unusual U-shaped pattern, with saving rates being the highest among the youngest and oldest …

This paper analyzes the causes of rising savings rates for the corporate, government, and household sectors, which have … jointly contributed to the upsurge in aggregate savings in China in the past two decades. Government policies to rebalance the …

. In 2008, China's national savings rate soared to over 53 percent of its GDP, whereas its current account surplus exceeded … distortions. I document major trends in aggregate savings, investment, trade, and net foreign asset positions in China, and …

The existing literature suggests that when the saving decision of two-earner households under risk is analysed …, standard assumptions suffice for precautionary saving to exist under increases in risk of the first and second orders, but not …

-durable consumption. Introducing labor income risk into the model does not necessarily increase the importance of market insurance if the … in a model with non-durable and durable consumption. The stock of the durable is exposed to risk against which households … fluctuations of the predetermined durable stock. Second we solve the model numerically. With deterministic labor income the …

increase savings, they are unavailable to the millions of people worldwide who not have a formal wage bill. Self-help peer … evaluating their effectiveness. We conduct two randomized field experiments among low-income micro-entrepreneurs in Chile. The … first experiment finds that self-help peer groups are very potent at increasing savings. In contrast, a more classical …