expenditure. We find support for these predictions in three field experiments that randomly assign reminders to new savings …

passive choice, and other 401(k) plan features. Depending on which theory and welfare perspective one adopts, virtually any …

concept driving savings decisions, consumption allocations, prices and return volatilities. Surprisingly, due to the … equilibrium risk sharing, the precautionary savings motive in the aggregate can vastly exceed that of even the most prudent actual … agent in the economy. Consequently, a low real interest rate, resulting from large aggregate savings, can prevail with …

, suggesting that precautionary savings are central to understanding the effects of cash on credit risk …

Motivated by recent empirical work, this paper formalizes a theory of competitive savings - an arms race in household … conditions under which aggregate savings would go up in response to a higher sex ratio? This theory can potentially help to … savings for mating competition that is made more fierce by an increase in the male-to-female ratio in the pre-marital cohort …

their precautionary savings. This depresses interest rates, especially in the short run, and generates an output drop, even …