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 …

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 …

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 …

a constant consumption stream across their lifecycle saving till retirement and dis-saving thereafter. The reality is … estimates at retirement with sound estimates of social insurance wealth (pension and health), focused hypothesis testing of the …The lifecycle approach is the workhorse to model saving decisions of individuals. It conjectures individuals preferring …

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

the relationship with wealth at death, on the form of the bequest, and on the different causes to which people bequeath …

Earlier literature has investigated the drop in household consumption upon retirement of the head of the household, the … so-called "retirement consumption puzzle". Here, we expand on these studies by considering also retirement of the wife …, thus distinguishing households in which the wife is a "housewife" from 'dual-earners'. We use a regression discontinuity …