This paper develops and estimates a dynamic model of individuals' and couples' labor supply, savings, and retirement … impacts. The analysis finds that household structure is an important determinant of the behavioral and distributional impacts …

and unique evidence on which households have savings and how they save. The paper shows that the percentage of savers is … low, and savings are frequently informal. Formal savings are dominated by bank savings, and participation in contractual … and capital market savings is very low in comparison to high-income countries. Poor households are significantly less …