Why Do Households Save and Work?

Federal Reserve Bank of Dallas, Working Papers 2026

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Authors: Margherita Borella, Mariacristina De Nardi, Fang Yang, Federal Reserve Bank of Dallas, Johanna Torres- Chain
DOI: 10.24149/wp2526r1
Cited by: 0
References: 51

Abstract

This paper quantifies why households save and work using a life-cycle model that incorporates wage risk, endogenous labor supply of both spouses, marital transitions, health, medical expenses, mortality and bequest motives at the death of the first and last household member.

Fields of Study & Subjects

Financial Literacy Pension Retirement Analysis Gender Labor and Family Dynamics Retirement Disability and Employment

Publication details

Journal / source
Federal Reserve Bank of Dallas, Working Papers
Volume
2025
Issue
2526
Publication date
1 February 2026
Language
EN