. We embed this idea in a standard model of consumption-savings decisions: households pursue simple quick-fix consumption … policies unless they pay a cost to optimize. We design a novel survey to explore this theory. The survey elicits households …-level consumption policies. Consistent with the theory, 68% of households follow one of four simple quick-fix consumption rules that …

fifty years provides guidance for making such decisions. The theory teaches us to view financial assets as vehicles for … framework from the theory in nonmathematical terms, with the aim of providing guidance to financial service providers, consumers …

through 2001, we analyse the impact of wealth, savings, and debt position on job exit rates. We find evidence for a positive …

Traditionally, households have been seen as acting as a single unit when it comes to savings. Although this might be … correct for some parts of household savings, we question the correctness of the unitary model with respect to non …-mandatory retirement savings. To answer this question we analyze the intra-household allocation of retirement savings between partners in …

pension system, where savings are matched by government grants. Accounting for the resulting tax expenditure, our models …

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 …