We address the question of whether the heterogeneity in savings is partly due to differences in pension wealth across … heterogeneity in the mean savings offset depending on age, risk attitudes and country. Third, the offset follows different patterns …

We use experiments to assess the impact of different savings mechanisms in pension system design. The savings … income path to analyze the influence of risky income. A comparison of subjects' savings and consumption decisions reveals … savings mechanism is available. In contrast, obligatory savings do not induce people to save more overall because subjects …

We study, both empirically and quantitatively, the role of savings and the labor supply in self-insurance channels over … social security benefits for the period 1995-2009. We find that both savings and the labor supply are quantitatively … adjustment to savings and labor supply have significant macroeconomic implications. Applying the model to China, we find that the …