In this paper, I show that the decline in household consumption during unemployment spells
depends on both liquid and illiquid asset positions. I also provide evidence that …

By augmenting the continuous-time specification of Harris and Laibson (2013) with the
assumption that hard borrowing constraints do not bind in equilibrium, present bias can be …

US employers and the federal government devote more than 1.5% of GDP annually towards
promoting Defined Contribution retirement saving. We study the distributional and lifetime …

During the COVID-19 pandemic, the Australian government allowed the withdrawal of up to
A $20,000 (around half median annual wage income) from private retirement accounts …

Tax policy may influence intergenerational transfers, especially the method and timing of
gifts. In this paper, I study how tax rules that mandate the decumulation of retirement savings …