Personal Finance

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  • People wait in line at the St. Clements Food Pantry in New York City, December 11, 2020, poto by Carlo Allegri/Reuters

    Commentary

    Without Unemployment Benefits, How Might Americans Make Ends Meet?

    Dec 30, 2020

    Do unemployment benefits keep people from accepting jobs? What effect do they have on the economy? Researchers and policymakers have been debating these issues since COVID-19 led to widespread job losses last spring.

  • Cars line up during a food drive in East Rutherford, New Jersey, November 24, 2020, photo by Brendan McDermid/Reuters

    Report

    Americans' Financial Difficulties Continue

    Dec 17, 2020

    As the pandemic continues, many U.S. households are struggling to pay their bills. No income group has been spared financial difficulties, but the most-vulnerable households have been hit the hardest. There are severe challenges among lower-income workers and among Black and Hispanic households.

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  • Report

    Report

    Rural savings, investment, and interest rates in developing countries : evidence from India

    This study estimates interest elasticities of rural savings and investment in a major developing country, India, and examines the apparent effects on those factors of policies of financial repression. Critics claim that such policies inhibit rural s...

    Jan 1, 1982

  • Report

    Report

    The effects of uncertainty on savings, consumption, and labor supply

    The purpose of this paper is to develop a theoretical model of individual savings, consumption, and labor supply under uncertainty. This paper differs from existing literature on savings under uncertainty by the explicit treatment of the labor suppl...

    Jan 1, 1981

  • Report

    Report

    Asset accumulation and family size

    Provides estimates of effects of children on asset accumulation, asset composition, consumption, and family income. The net effect of young children is to depress savings for young families, but to increase savings for marriages of duration greater t...

    Jan 1, 1979

  • Report

    Report

    Asset accumulation and family size

    Provides estimates of effects of children on asset accumulation, asset composition, consumption, and family income. The net effect of young children is to depress savings for young families, but to increase savings for marriages of duration greater t...

    Jan 1, 1979

  • Report

    Report

    Assets, Savings, and Labor Supply

    Using a life cycle model, this paper explores the relationship between asset ownership and market work. Demand equations are derived for the time and goods required in home production at every adult age.

    Jan 1, 1976

  • Report

    Report

    Human Capital Theory: Education, Discrimination, and Lifecycles.

    Discusses the current state of knowledge about, and the most important unsettled issues in, three topics that are part of the overall question of income distributions: wealth distributions and lifecycle earnings profiles; sources of income returns t...

    Jan 1, 1975

  • Report

    Report

    Bibliography on the Distribution of Income and Wealth, 1945-1970.

    A highly selective bibliography on the distribution of income and wealth, 1945-1970, heavily weighted in both distribution theory and narrative accounts of the American experience. Part I is a brief listing of bibliographies. Part II lists books an...

    Jan 1, 1971

  • People

    People

    Michael D. Hurd

    Director, RAND Center for the Study of Aging; Senior Principal Researcher
    Education Ph.D. in economics, University of California, Berkeley; M.S. in statistics, University of California, Berkeley; B.S. in electrical engineering, University of Utah

  • People

    People

    Susann Rohwedder

    Associate Director, RAND Center for the Study of Aging; Senior Economist
    Education Ph.D., M.A. in economics, University College London; M.S. in economics, University of Warwick

  • People

    People

    Benjamin Michael Smith

    Assistant Policy Researcher; Ph.D. Candidate, Pardee RAND Graduate School
    Education M.Phil. in policy analysis, Pardee RAND Graduate School; B.S., United States Naval Academy