representative household that discounts the future hyperbolically and participates in the SMarT program. We provide a "proof of … household balance sheet (i.e., by reductions in other savings assets and/or by increases in debt liabilities), except in the … case where the household faces a borrowing constraint that binds. We conclude that it is necessary to assess how the entire …

to consume (MPCs). Our main contribution is to document how MPCs vary with household characteristics and prize size, and …

to consume (MPCs). Our main contribution is to document how MPCs vary with household characteristics and prize size, and …

and saved over time, and how households' marginal propensities to consume (MPCs) vary with household characteristics and …

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 … of household decision making can thus be rejected with respect to retirement savings …

This research sought to further understanding of factors related to low-income household saving behavior. Saving … behavior, defined as whether a household spent less than income, was analyzed by applying institutional theory, which proposes …

, altering relative bargaining power and endogenously generating time-varying risk aversion at the household-level. Consequently …, changes in relative income are associated with significant shifts in household portfolios. We find strong support for this …

In household financial planning two types of risk are usually taken into account, that is – life-length risk and risk … distribution into household financial plan optimization. A model of 2-person household is used, where the value function is …-investment proportion and division of household investments between household members. These are at the same time decision variables of the …