The effects of fiscal policy on the economy have received substantial attention in academic and policy circles. We review this literature in light of recent policy debates and new research and obtain three results. First, other things equal, deficits reduce national saving and future national...

This paper investigates whether peer effects play an important role in retirement savings decisions. We use individual data from the staff of a university to study whether individual decisions to enroll in a Tax Deferred Account plan sponsored by the university (and the choice of the mutual fund...

The UK requires individuals with individual pension accounts to annuitize before the age of 75. Using a time series of annuity prices and quantities, we apply the methodology of Mitchell et. al. (1999) to examine the value of UK market annuity rates relative to theoretical values. We find that...