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-cycle framework how individuals respond to recessions. Our focus is on the sharp increase in savings rates that have been observed in … times. We show that the rise in the aggregate savings ratio is driven by increases in uncertainty, rather than tightening of …
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Much of the focus of the UK pensions policy debate over the past decade has been on the adequacy (or otherwise) of private retirement saving. In this paper, we present the first assessment of the optimality of the retirement resources of English couple households born in the 1940s. Here,...
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This paper studies a panel of China''s provinces over the period 1996-2009 during which urban household saving rates …
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persistence. -- Precautionary savings ; unemployment insurance ; long-term unemployment ; income uncertainty …
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