studies. We use aunique panel data set on household savings. We find that that a higher unemploymentexpectation significantly … decreases savings. However, we are not able to identify asignificant relationship between general future income expectations and … savings. Moreover,we find that good health expectations increase savings in Western Germany, butdecrease the savings in …

percentage losses in retirement savings as a result of more frequent spells of unemployment. Higher income worker losses are more …

two channels in driving aggre- gate consumption fluctuations in the US: (i) precautionary savings against un- employment …

-employee data containing information on bankruptcy dates and individual-level wealth, income, pensions and social security benefits … tightening of age-limits for old-age pensions is on the agenda in several OECD countries, while current economic hardship …

growth and unemployment affected by public pensions under the following two types of pension system: the proportionate … pension system where only the contributors, i.e., the employed, receive pensions, and the lump-sum pension system where both … the employed and the unemployed receive pensions. It is shown that public pensions create a trade-off between growth and …

and the wage rate. This paper develops a model that includes employment effects of public pensions via capital …