-of-control gap in savings rates is largest among rich households, the gap in wealth accumulation is particularly large for poor …This paper analyzes the relationship between individuals' locus of control and their savings behavior, i.e. wealth … accumulation, savings rates, and portfolio choices. Locus of control is a psychological concept that captures individuals' beliefs …

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

household sectors. Although the causes of China's high saving are complex, we suggest that the evolving economic, demographic …In this paper, we define "The Chinese Saving Puzzle" as the persistently high national saving rate at 34-53 percent of … gross domestic product (GDP) in the past three decades and a surge in the saving rate by 11 percentage points from 2000 …

China's household saving rate has increased markedly since the mid-1990s and the age-saving profile has become U …-shaped. Using a panel of urban Chinese households covering 1989-2006, we document a sharp increase in income uncertainty. While the … permanent variance of household income was stable, the transitory variance rose sharply. Based on these estimates, we calibrate …

structural changes on the rise in household saving in China. Variations in fines across provinces on unauthorized births under … because of old-age security concerns, middle-aged households experience an increase in saving due to the lighter burden of … investigated in the context of household saving decisions in China …

way, as the permanent income hypothesis suggests. Most prominently, older households tend to increase their savings in the …This paper investigates the relationship between wealth, ageing and saving behaviour of private households by using … pooled cross sections of German consumption survey data. Different components of wealth are distinguished, as their impact on …

with higher total household wealth, lower financial stress and higher expected retirement income. We find little evidence … assume responsibility for a greater share of their future retirement saving and health and long-term care costs. Financial … however, which may reflect a limited role for financial literacy over and above other important determinants such as income …

risk of divorce. Using the staggered introduction of UDLs across European countries, we show that households exposed to … UDLs for longer time accumulate more savings. This effect holds for both financial and total wealth and is stronger at … financial literacy, contributing to uncover the mechanisms through which the risk of divorce may affect savings. Our results are …

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 … household saving by £12,764 …

estimating "difference-in-differences" regressions, where we compare household saving and expenditure across time and between … household saving. We also find heterogeneity in responses. For the middle-aged cohorts, we find a large public pension crowd …In order to study whether public pension systems displace private saving, we use the quasi-experimental variation in …