the current and recent recessions. We show empirically that these saving spikes were short-lived and common to all working … times. We show that the rise in the aggregate savings ratio is driven by increases in uncertainty, rather than tightening of … credit; temporary shocks to the supply of credit generate increases in saving only among younger agents. …

the current and recent recessions. We show empirically that these saving spikes were short-lived and common to all working … times. We show that the rise in the aggregate savings ratio is driven by increases in uncertainty, rather than tighening of … credit; temporary shocks to the supply of credit generate increases in saving only among younger agents. -- credit …

I study the consumption-saving problem with non-separable utility under ambiguity. Using smooth ambiguity aversion, I … show that the introduction of ambiguity and greater ambiguity aversion raise optimal saving. When relative prudence in … ambiguity preferences is bounded by 2, also greater ambiguity increases saving. While previous work finds that a convex marginal …

We analyse life-cycle saving decisions when households use simple heuristics, or rules of thumb, rather than solve the … underlying intertemporal optimization problem. We simulate life-cycle saving decisions using three simple rules and compute … following simple decision rules are relatively low. Moreover, the two main saving motives re ected by the canonical life …

financial instruments. However, there is evidence that many individuals are not well-equipped to make sound saving decisions …. Financial literacy impacts financial decision-making. Failure to plan for retirement, lack of participation in the stock market … can result in improved saving behavior and financial decision-making, much can be done to improve these programs …

in alleviating the strains of uncertainty. Topics included: Never Let a (Retirement) Crisis Go to Waste: What’s Broken … -- and the industry of employee benefits has had its fair share of crises. Whether it’s the looming retirement crisis some … issues affecting health and retirement benefits. This paper summarizes the presentations and discussions at EBRI’s 74th …