This paper investigates the potentially non-linear relation between households' indebtedness and their consumption … previous studies, we find a negative effect of households' indebtedness on their consumption, even in the absence of negative …, rather than its overall sustainability, that leads households to reduce their consumption. We perform as well a threshold …

Many households have insufficient savings to handle moderate and routine consumption shocks. Many of these financially … fragile households also have the highest lottery expenditures as a proportion of income. This combination suggests that Prize …-risk households. Results from an online experiment show that the introduction of PLS accounts increase total savings and reduce …

Financial literacy is higher for men than for women and high financial literacy has been linked to higher wealth and … better retirement planning. However, relatively little is known about the decision making process for retirement savings … preparation for retirement. This paper investigates the relationship between the financial literacy of members of pre-retirement …

be flexibly estimated across age groups. We find that the Scottish policy reduced the average household saving by about … household saving by £12,764. …

In a nationally-representative sample, we predict retirement savings using survey-based elicitations of exponential … present over the future, are highly significant and economically meaningful predictors of retirement savings. These … calculations suggest that eliminating EGB and PB would increase retirement savings by approximately 12 percent. …

future employment. Exploiting across cohort variation in expected pension wealth induced by a 3-year lift in early retirement …Facing a reduction in pension generosity, individuals can compensate the loss by working longer or saving more. This … paper shows that the impact of changes in pension generosity on saving crucially depends on the possibility of prolonging …

individuals. Using choice tasks responses from Poland collected as part of the Survey of Health, Ageing, and Retirement in Europe …

-cycle incomplete-markets model with a financial asset and housing to match the large heterogeneity of households asset portfolios …