highlight the distinction between planner optimization and household optimization. We show that planner optimization is a … partial substitute for household optimization and that this is still true when households have private in- formation about … household optimization are also implied by planner optimization. A rational utilitarian planner enacts policies that cause the …

We evaluate retirement savings adequacy using a large panel of U.S. workers with a 401(k) account. We model medical …

This paper uses loan-level data from Thailand's National Credit Bureau to study household debt over the life cycle of … components that unveil the extensive and intensive margins of household indebtedness. We find a striking inverted-U life …

post-retirement motives to affect household behavior while the number and age of all children can affect the marginal …