uninsured capital income risk, and suffer from an information-processing capacity constraint. For given attention devoted to … capital income risk, we solve for the optimal consumption-saving choices and show that the expected welfare is increasing with … households would pay more attention to capital income risk if they have (i) lower initial wealth endowment, (ii) lower marginal …

respondent has a formal funeral cover increases with income and banking status. However, it is lower for individuals receiving …

-Economic Panel that we combine with geographic flood data, we compare the savings behavior of affected and non-affected individuals …

savings and saving behaviour. Specifically, weexamine the unique progressive introduction of a universal public long-term care … (DID) to show a contraction of savings after the policy intervention, but only among younguer elders who receive primarily … ammount). Saving reductions of individuals in the second and third quintile of income distribution, those without children and …

-insurance demand. An unanticipated tax reform in 2000 halved the tax exemption limit for capital income in Germany. We document that …

implications for savings and long-term care policies. We first develop a theoretical model predicting that higher nursing home … aversion should induce higher savings and stronger support for policies subsidizing home care. We further document, based on a … likely to have higher intended savings for older age because of the pandemic. We also find that they are more likely to …

savings and insurance, may vary significantly by whether one receives care at home or in a nursing home. In this paper, we … savings and insurance valuation. The estimated marginal utility differences imply a significant increase in the incentives to …

How can retirement savings be increased? We explore a unique policy change in the context of the German pension system … these letters on the behavior of individuals. We find an increase in tax-deductible private retirement savings and provide … evidence that this is not due to a crowding-out of other forms of savings. We also show that labor earnings, i.e. the most …