Job security is important for durable consumption and household savings. Using surveys, workers express a probability … more savings and less exposure to risky assets. …

. This paper numerically solves, simulates, and structurally estimates a dynamic life cycle model of allocations (consumption/savings …) adjustable exposure to morbidity and mortality risks. Using the simulated life cycle variables as benchmark, our results show … that observed choices are not fully consistent with an optimal, forward-looking strategy. Whereas financial savings and …

percent of their pension savings at age 55. We find a large and highly significant increase in individuals' bank account … interest rates in their retirement accounts by leaving a sizeable portion of their withdrawn savings in a low-interest accruing …

In this paper, we estimate the effect of a tax policy change on households' consumption and retirement savings behavior …, by using a unique panel data of voluntary retirement savings (PPF) and debit card spending transactions. On average, we … find that households reduce their consumption by 14% and increase their PPF savings by 16% in response to an increase in …

To incentivize households to increase private savings, the Indian government implemented in July 2014 a new tax … the income tax exemption limit on long-term savings, private saving increases by $0.23 for the treatment group. Relative … to annual income, private savings for the treatment group increase by about 1.87% on average …