We use unique data characterizing individual Savings for twins and non-twins in urban China to examine why the savings … inter-generational co-residence masks the true life-cycle patterns of individual savings in standard Chinese household data … sets, which are aggregated at the household level. Moreover, we show that to understand life-cycle Savings behavior it is …

The so-called retirement-savings puzzle is a phenomenon by which, contrary to what the basic life-cycle model predicts … that attempts to solve the retirement-savings puzzle and, in addition, we review more extensively the literature on housing … Nakajima and Telyukova (2011), who find that homeownership interacts with the factors that explain the retirement-savings …

product, we compare how households’ purchasing behavior changes in response to transitory income from tax refunds. We find … that households increase the amount of toilet paper purchased by around 20% in response to a state income tax refund, but … out that households are simply increasing consumption in response to more income. Finally, households increase …

golden years. Counter-intuitive as it may seem however, the household savings rate continues to plunge as Canadians take on …, self-employed, and individuals with modest wealth may be particularly sensitive to income instability, increasing interest … accompanied by an increase in either passive or active household savings. …

over 2007 and particularly in 2008. Stagnant or even declining income, slow and lengthy process of rebuilding financial …

low-income households in developing countries. However, it is not obvious whether, and the extent to which, the provision …

Many young employees work on a temporary basis, which entails significantly greater income risk than "permanent" work …, even for jobs in the same occupation and at a similar wage. We find that this income uncertainty leads lenders to ration …