The wealth gap has reached record highs. At the same time there has been substantial proliferation of 401(k) savings … accounts as the dominant retirement savings vehicle, and these accounts make up an increasing proportion of overall wealth. In …, geographically diverse employer. We demonstrate substantial difference in 401(k) savings behavior by employee ethnicity even within a …

We analyze the impact of population aging on Japan's household saving rate and on its public pension system and the … impact of that system on Japan's household saving rate and obtain the following results: first, the age structure of Japan …'s population can explain the level of, and past and future trends in, its household saving rate; second, the rapid aging of Japan …

One suggested hypothesis for the dramatic rise in household borrowing that preceded the financial crisis is that low …-income households. Using household level data on debt accumulation during 2001-2012, we show that low-income households in high …

This paper discusses three alternative assumptions concerning household preferences (altruism, self-interest, and a …

structural model of savings and endogenous medical spending with heterogeneous agents, and use it to compute the distribution of …

macroeconomics and industrial organization. I review theoretical and empirical work on household debt: its prevalence, level, growth …