Seeking to reach the unbanked, the United States Postal Savings System provided a federally insured savings alternative …s. However, even during the earliest period, Postal Savings was only a partial substitute for traditional banks, as … locations with banks often still heavily used postal savings …

Medium- and long-run dynamics undermine the effect of automatic enrollment and default savings-rate auto-escalation on … retirement savings. Our analysis of nine 401(k) plans incorporates the facts that employees frequently leave firms (often before …

We examine six alternative plans which might be discussed in an effort to increase consumer savings through the … personal income tax system in the United States. These plans attempt to affect savings through an increase in the real rate of … return either by direct tax cuts on savings or by indexing tax rates against inflation. The paper presents estimates of …

Substantial evidence suggests that savings behavior may depart from neoclassical optimization. This article examines … the implications of raising the savings rate - whether through social security, retirement plans, or otherwise - for labor … savings behavior. Under one formulation, raising the targeted savings rate has the same effect on labor supply as that of …

model is based on the theory of exact aggregation. It recognizes explicitly that households with different characteristics …

incentivize illiquid savings and may thus increase the share of 'wealthy hand-to-mouth' households. We build a life-cycle model … policies not only induce portfolio re-balancing, as emphasized by the previous literature, but also increase savings by making …