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 …

We analyse how the financial support for long-term elderly care affects the level of household savings. Using a … the elderly aged 65 and above residing in Scotland. Our semiparametric estimation technique allows the policy effects to … be flexibly estimated across age groups. We find that the Scottish policy reduced the average household saving by about …

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 … future employment. Exploiting across cohort variation in expected pension wealth induced by a 3-year lift in early retirement …

been made in the US labour market, using a dynamic panel probit model. The estimated income effect of higher housing wealth … is virtually zero and that of financial assets wealth is positive, increasing the retirement probability. The … reinforced by wealth and earned income …

The existing literature suggests that when the saving decision of two-earner households under risk is analysed …, standard results on the existence of precautionary saving no longer apply: precautionary saving is obtained if and only if very … stringent conditions hold. This paper shows that when the two-earner household's saving decision is formulated more generally …

Inflows; this is true across the distribution of Total Inflows, as well as at all levels of net wealth.Gifts and inheritances … inheritances have very little effect on the distribution of Total Inflows, suggesting that inheritance taxes may do little to … mitigate wealth inequality …

a constant consumption stream across their lifecycle saving till retirement and dis-saving thereafter. The reality is …-income tier does little saving and in consequence little dissaving; the high-income tier does save during active life and profits …The lifecycle approach is the workhorse to model saving decisions of individuals. It conjectures individuals preferring …

consumption and saving behavior of the elderly. Previous studies find that the large wealth disparities observed among the elderly … to survey questions about time and risk preferences and consumption and saving behaviors. This paper uses data on … consumption data from two waves of the Consumption and Activities Mail Survey. The main results are: 1) consumption and saving …