retirement savings contributions and information search processes. We combine ideas from the literature in psychology and … economics that provide opposing predictions regarding the impact of uncertainty on retirement savings contributions. Our results … that individual’s financial constraints. In particular, we find that uncertainty increases retirement contributions for …

This paper provides a two-part empirical analysis on how actuarial reduction rates for early retirement affect current … retirement planning. First, by evaluating a large dataset of administrative records it becomes evident that early retirement … retirement if in turn they were willing to accept an actuarial reduction on their pension. It becomes evident that the maximum …

Poverty involves both low income levels and high income uncertainty. Do both these dimensions of being poor capture … by farmers in Brazil: random payday variation affecting income levels, and rainfall shocks that affect income uncertainty …. We find that it is income uncertainty that systematically has adverse cognitive effects; low income levels affect only …

This paper aims to study labor supply and saving decisions as a result of health uncertainty. O’Donnell (1995 …) suggested a theoretical positive relationship between working hours (or saving rate) and the perceived health uncertainty. That … uncertainty for the health condition. We test this hypothetical relationship by applying the 2003-2005 data from the Panel Study …

measures, which require larger downpayments than previously was the case, constitute a significant new source of uncertainty …

investigates to what extent attitudes toward uncertainty (risk and ambiguity) and time preferences (impatience) can explain the low … reduces insurance demand, while attitudes toward uncertainty do not affect demand. The effect of impatience is sizable: on …

due to the presence of ambiguity concerning his second period wealth. This extra precautionary saving motive is naturally …

Uncertainty about length of life, longevity risk, is a growing financial problem for pension funds and annuity …