supplies, saving and full consumption for two-adult households over the life cycle. These data are used to test the life cycle …, consumption and saving over their life cycle in the face of this capital market imperfection. This model explains the data much … significantly in their saving behaviour in a way that depends on secondary earner labour supply, with a strong positive association …

, household production, saving and consumption decisions of two-adult households over a life cycle defined in terms of the … paths of time use, consumption and saving over their life cycle in the face of this capital market imperfection. Importantly …, households are shown to differ significantly in their saving behavior in a way that depends on secondary earner labor supply …

Risk may induce precautionary saving but it can also reduce saving. The theoretical literature recognizes both …

We use a life-cycle model of consumption and portfolio choice to study the effects of social security on the investment …. In contrast to most models in the life-cycle literature, our model allows for three different states, namely employment …