This paper examines the extent to which permanent terms-of-trade shocks have an asymmetric effect on private savings …. The first part uses a simple three-period model to show that, if households expect to face binding borrowing constraints … in bad states of nature, savings rates will respond asymmetrically to favorable movements in the permanent component of …

This paper investigates whether peer effects play an important role in retirement savings decisions. We use individual …

In this paper, we analyze the 401(k) savings behavior of employees in a large U.S. corporation before and after an … switch to automatic enrollment dramatically changed the savings behavior of employees. We have two key findings. First, 401(k … chosen by the company under automatic enrollment has a strong influence on the savings behavior of 401(k) participants. A …

. The implicit presumption is that households simply do not earn enough to pay for current needs' and to save. We show in … approaching retirement. It is not only households with low incomes that save little; a significant proportion of high income … households also saves little. And, a substantial proportion of low income households save a great deal. We then consider the …