correlated in most villages with portfolio-choice estimates. The heterogeneity matters for policy: Although the average household …

the rest of the economy via high unemployment and reduced labor earnings, which reduced household contributions to Social …

, especially for some subgroups. Household finance researchers must look beyond precautionary savings to understand how families …

This paper re-examines the classic question of how a household should optimally allocate its portfolio between risky …

We test the relation between ambiguity aversion and five household portfolio choice puzzles: non- participation, low ….S. household survey, we measure ambiguity aversion using custom- designed questions based on Ellsberg urns. As theory predicts …

individual-pre-tax and household-post-tax earnings and across administrative (Social Security Administration) and survey (Panel … Study of Income Dynamics) data. We estimate two alternative processes for household after-tax earnings and study their …

China's household saving rate has increased markedly since the mid-1990s and the age-savings profile has become U … accompanied by a substantial increase in income uncertainty. Interestingly, the permanent variance of household income remains … that rising income uncertainty and pension reforms can account for over half of the increase in the urban household savings …