We consider both theoretically and empirically the effect of unemployment insurance (UI) on precautionary savings … the asset holdings of the median worker, and that this effect will both rise with unemployment risk and fall with worker … that UI crowds out up to one-half of private savings for the typical unemployment spell. We also find that this effect is …

these choices are made and evolve over time. We find that there is large "foregone savings" from not choosing the lowest …

Recent theoretical work suggests that means and asset-tested social insurance programs can explain the low savings of … health insurance program for low income women and children, on savings behavior. We do so using data on asset holdings from … effects are much stronger in the presence of an asset test, confirming the importance of asset testing for household savings …