of savings, precautionary savings, loss aversion, and risk. We provide the relevant theory, followed by empirical tests …We consider a simple, two period, consumption-savings model with future income uncertainty that examines the interplay … present bias. We predict, and show empirically, that loss aversion reduces savings, and that those who are more loss averse …

capital income risk, we solve for the optimal consumption-saving choices and show that the expected welfare is increasing with …

We study optimal savings in continuous time with exogenous transitions between employment and unemployment as the only … dynamics of consumption and wealth between jumps can be expressed as a Fuchsian system. We derive conditions under which an …

Incomplete markets models imply heterogeneous household savings behaviour which in turn generates pecuniary … in the population, these savings externalities may contribute to inequality. Working with an open economy heterogenous … earnings processes of British households with university and non-university educated heads entail savings externalities that …

be physically deposited into a savings account may increase the psychological costs of saving. This study experimentally … study how cash in hand influences decisions in a different but very important domain: savings. Savings accounts are a … promising tool for reducing poverty, but the use of savings accounts is often puzzlingly low. Holding on to cash that needs to …

risk of workers, which mitigates their precautionary savings motive. Using a quantitative model analysis, we show that this …

impatience are found to be significant predictors of health-related field behavior, saving decisions and conduct at school. In …

cycle. Decreasing discounting helps a canonical life-cycle model to explain the household saving puzzles of undersaving when …

countries with less secure property rights. The theory suggests that adjusted net saving estimates calculated by the World Bank … faster than suggested by the Hotelling rule, especially with many competing factions and less secure property rights. As a … using market prices over-estimate welfare-based measures of genuine saving. …