, whereas debt declined most (so saving rose most) for unconstrained consumers. More generally, the results suggest that there …

, whereas debt declined most (so saving rose most) for unconstrained consumers. More generally, the results suggest that there …

economic shocks, and it also explores how people may react by changing their consumption, saving and investment, work and … work hours, consumption, saving, and equity exposure; later in life, they will work more, retire later, consume less … workers lost a substantial portion of their retirement saving. The financial sector implosion produced an economic crisis for …

This Chapter explores how an environment of persistent low returns influences saving, investing, and retirement … observed saving, work, and claiming age behavior of U.S. households. In particular, our model generates a large peak at the …

This Chapter explores how an environment of persistent low returns influences saving, investing, and retirement … observed saving, work, and claiming age behavior of U.S. households. In particular, our model generates a large peak at the …