We analyze the saving motives of European households using micro-data from the Household Finance and Consumption Survey … suggest that the retirement motive and the precautionary motive are the dominant motives for saving in Europe partly because … in Europe than is the altruism model …

expectations. Extrapolative income expectations help explain state-dependent household debt cycles qualitatively and quantitatively …

We study a retirement savings plan with a default contribution rate of 12% of income, which is much higher than …

We study the introduction of a choice architecture design intended to increase short-term savings among employees at … from each paycheck into a short-term savings account from which withdrawals are possible at any time. We find that … very low: no more than 0.7% of eligible employees ever activated an account. Opt-in access to short-term savings programs …

This paper studies the effect that changing demographic patterns have had on the household saving rate in China. We …'s utility enter into parent's utility where parents choose the consumption level of the young until they leave the household … the household saving rate …

savings ("excess savings") and a small but persistent current account deficit (a slow-motion "twin deficit"). These patterns …

Retirement in Europe (SHARE) to examine the wealth accumulation (saving) behavior of the retired elderly in Europe. To summarize … our main findings, we find that less than half of the retired elderly in Europe are decumulating their wealth and that the … average wealth accumulation rate of the retired elderly in Europe is positive though relatively moderate (6.6% over a 3-year …

these differences and to measure each household's 'propensity to plan.' We show that those with a higher such propensity …