The question of whether higher–lifetime income households save a larger fraction of their
income was the subject of much debate in the 1950s and 1960s, and while not resolved, it …

Micro data studies of household saving often find a significant group in the population with
virtually no wealth, raising concerns about heterogeneity in motives for saving. In particular …

One of the key puzzles in understanding saving behavior is not so much why people save-
the title of this session-but why people don't save. According to the familiar life-cycle model …

This paper considers several alternative explanations for the fact that households with
higher levels of lifetime income (the rich') have higher lifetime saving rates (Dynan, Skinner …

Most economic analyses of either individual or aggregate savings behavior employ a
version of the life-cycle theory of individual savings. The life-cycle theory is a forward-looking …

In the past two decades the widely reported personal saving rate in the United States has
dropped from double digits to below zero. First, we attempt to account for the decline in the …

We solve each household's optimal saving decisions using a life cycle model that
incorporates uncertain lifetimes, uninsurable earnings and medical expenses, progressive …

We use a calibrated life-cycle model to evaluate why high income households save as a
group a much higher fraction of income than do low income households in US cross-section …

In this paper I analyze the pattern of saving behavior by US households, using the
Consumer Expenditure (CEX) Survey. The analysis' main goal is to explain the decline in …

This paper addresses whether households save enough for their retirement. For successive
date-of-birth cohorts we analyze income and expenditure patterns around the time of …