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What is Household Savings and Labor Supply Analysis about?

This working paper develops a dynamic life-cycle model to analyze the factors influencing household savings and labor supply, incorporating various risks such as health, marital status, and wage fluctuations. The findings indicate that eliminating bequest motives and medical expenses significantly reduces aggregate wealth and earnings, while wage risk is crucial for early-life savings. The study highlights the importance of modeling both singles and couples together to understand the complexities of househo

Author

Muhammad Nadeem Sarwar

Language

EN