We analyze the impact of an increase in the risk of divorce on the saving behaviour of married couples. From a … in 1996 as an exogenous increase in the likelihood of marital dissolution. We analyze the saving behaviour over time of …

average saving rate decreased by eight percentage points. Over the same period the US experienced a substantial increase in … inequality and a continuous decrease in the aggregate saving rate. We propose an explanation based on interpersonal comparisons … consistent with these trends. When households care about their consumption relative to others, individual saving rates decrease …

In order to study whether public pension systems displace private saving, we use the quasi-experimental variation in … estimating "difference-in-differences" regressions, where we compare household saving and expenditure across time and between … identify the effect of pension wealth on private saving by using the cohort-by-time variation in pension wealth that is …

The existing literature suggests that when the saving decision of two-earner households under risk is analysed …, standard results on the existence of precautionary saving no longer apply: precautionary saving is obtained if and only if very … stringent conditions hold. This paper shows that when the two-earner household's saving decision is formulated more generally …