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What are the Headwaters of Formal Savings? Experimental Evidence from Sri Lanka
Callen, Michael - 2014
The world's poor are seeing a rapid expansion in access to formal savings accounts. What is the source of savings when … each week. We find that the headwaters of formal savings lie in sacrificed leisure time: households work more, and improved … savings options generate an increase in labor effort in both self-employment and in the wage market. The results suggest that …
Persistent link: https://www.econbiz.de/10013040526
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Wealth Accumulation and the Propensity to Plan
Ameriks, John; Caplin, Andrew; Leahy, John Vincent - 2021
Why do similar households end up with very different levels of wealth? We show that differences in the attitudes and skills with which they approach financial planning are a significant factor. We use new and unique survey data to assess these differences and to measure each household's...
Persistent link: https://www.econbiz.de/10013227735
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Demographic Patterns and Household Saving in China
Curtis, Chadwick - 2011
This paper studies the effect that changing demographic patterns have had on the household saving rate in China. We undertake a quantitative investigation using an overlapping generations (OLG) model where agents live for 85 years. Consumers begin to exercise decision making when they are 18....
Persistent link: https://www.econbiz.de/10013129127
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Identifying the Benefits from Home Ownership : A Swedish Experiment
Sodini, Paolo - 2016
This paper studies the economic benefits of home ownership. Exploiting a quasi-experiment surrounding privatization decisions of municipally-owned apartment buildings, we obtain random variation in home ownership for otherwise similar buildings with similar tenants. We link the tenants to their...
Persistent link: https://www.econbiz.de/10012978099
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The Drawdown of Personal Retirement Assets
Poterba, James M. - 2011
How households draw down their balances in personal retirement accounts (PRAs) such as 401(k) plans and IRAs can have an important effect on retirement income security and on federal income tax revenues. This paper examines the withdrawal behavior of retirement-age households in the SIPP and...
Persistent link: https://www.econbiz.de/10013131664
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The Persistent Power of Behavioral Change : Long-Run Impacts of Temporary Savings Subsidies for the Poor
Schaner, Simone - 2016
I use a field experiment in rural Kenya to study how temporary incentives to save impact long-run economic outcomes. Study participants randomly selected to receive large temporary interest rates on an individual bank account had significantly more income and assets 2.5 years after the interest...
Persistent link: https://www.econbiz.de/10012984758
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Saving for a (Not so) Rainy Day : A Randomized Evaluation of Savings Groups in Mali
Beaman, Lori - 2014
High transaction and contracting costs are often thought to create credit and savings market failures in developing … countries. The microfinance movement grew largely out of business process innovations and subsidies that reduced these costs. We … improved "technology" for managing informal, collaborative village-based savings groups. Such groups allow, in theory, for more …
Persistent link: https://www.econbiz.de/10013045281
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International Comparative Household Finance
Badarinza, Cristian - 2016
contrasts across countries. The paper then discusses retirement savings, investments in risky assets, unsecured debt, and …
Persistent link: https://www.econbiz.de/10012997290
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The Life Expectancy of Older Couples and Surviving Spouses
Compton, Janice - 2018
Comparisons of individual life expectancies over time and across demographic groups provide information for individuals making retirement decisions and for policy makers. For couples, analogous measures are the expected years both spouses will be alive (joint life expectancy) and the expected...
Persistent link: https://www.econbiz.de/10012911467
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Globalization, Gender, and the Family
Keller, Wolfgang - 2018
employment would require high initial commitment which is incompatible with having a newborn in the short time remaining on the …
Persistent link: https://www.econbiz.de/10012908156