Individuals are faced with making important economic decisions regarding retirement,
savings, investing, and insurance. Across the globe, developed and emerging economies …

Agent-based modeling (ABM) is a simulation approach that is increasingly used in studying
household finance and banking systems. ABM allows for creating a virtual environment …

We propose a life-cycle model, where individuals facing uninsured labor income risks
choose whether to participate in the stock market and make decisions on home ownership …