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

This paper provides a household-level perspective on the rise of global saving and wealth since the 1980s. We calculate … China. In the past four decades, global saving inequality has risen sharply. The share of household saving flows coming from … the richest 10% of household increased by 60% while saving of middle-class households has fallen sharply. The most …

across states shows that the rise in top income shares can explain almost all of the accumulation of household debt held as a … financial asset by the household sector. Since the Great Recession, the saving glut of the rich has been financing government …

cycle labor supply, retirement timing, and savings. I develop a structural model in continuous time where the life-cycle of … for consumption/savings, labor supply/leisure, and retirement timing are then obtained by solving the model as a salvage …

ride. Recent literature is undecided to what extent this inefficient savings distortion should be addressed by a compulsory … show that it is Pareto improving to fully eliminate the savings distortion by means of a compulsory pension termed Hayek …