savings, investment, and labour supply in neoclassical models, and to the rate of unemployment in job search models. These …

to exist. It also predicts where formal insurance is likely to flourish: insurance groups that hold savings become more … Ethiopian funeral insurance groups and their members to motivate and test our model. Those which hold savings and collect …

relationship between aggregate fertility and household savings. First, we document that parents perceive children as an important … source of old-age support and that in partial equilibrium, increased fertility lowers household savings. Then, we construct … equilibrium effects can substantially overstate the effect of a change in aggregate fertility on households savings. …

Evidence on the effectiveness of financial education and formal savings account access is lacking, particularly for … shows the education plus account treatment increases bank savings relative to account-only. But survey-measured total … savings shows roughly equal increases across all treatment arms. Earned income also increases in all treatment arms. We find …

-migrant. Although migrants lose their original social networks whilst overseas, savings and human capital accumulation acquired abroad …

borrowing and savings at unfavorable interest rates as well as the failure to undertake profitable and easily available … investment opportunities, such as accepting larger loans to scale-up business. Further testable predictions can be used to …

a way similar to shocks to earnings. Agents respond to these processes by optimally choosing savings. We show that the … size of savings differs dramatically depending on the details of the stochastic process. The model is quantitative: its …

In an overlapping generations model, rents to human capital play a key role in increasing savings. In the absence of … because it allows inframarginal workers to earn rents on their human capital, which then increase savings. Public education is …