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 …

, observed in the Household Finance and Consumption Survey (HFCS) for these countries. We then show that the heterogeneity in … household finances implies that responses of consumption to changes in the real interest rate and in house prices differ … substantially across countries, and within countries by household characteristics such as age, housing tenure, and asset positions …

We investigate the role of financial advice in shaping the composition of household portfolios in Great Britain. Advice …

age for women born after 1951 in Germany, we show evidence of a reduction in private savings rate and an increase in …

Empirical analyses of the effects of public and private pensions on household saving impose strong assumptions in order … household wealth is crowded out by pensions? (2) Can linear regression analysis accurately estimate the magnitude of crowdout … results indicate that private pensions in the US crowd out less than $0.15 of household saving per dollar of pension wealth …

with higher total household wealth, lower financial stress and higher expected retirement income. We find little evidence …

Using micro-data from the Household, Income and Labour Dynamics in Australia (HILDA) Survey this paper examines the … relationship between the gender gap in financial literacy and the gender gap in pension savings amongst non-retired adults aged 18 … where the focus is on pension savings and a more structural specification where the focus is on the "pension return" (the …

We analyse how the financial support for long-term elderly care affects the level of household savings. Using a … be flexibly estimated across age groups. We find that the Scottish policy reduced the average household saving by about … £7,200. Moreover, the estimated effects are heterogeneous across age groups of the head of household: these effects are …

household savings, which are primarily financed through increased paternal labor supply. This is the first paper that highlights … this alternative motive for savings in dowry-paying societies. However, we find no impacts of dowry expectations on son …

the savings rate is not homogeneous. On average, the effect attributed to real estate dominates the other components of … wealth. In addition, the savings rate strongly responds to demographic trends. Besides the direct impact of the age structure …, an indirect effect arises through the accumulation of wealth. The savings rate does not decrease with age in a monotonic …