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Abstract:
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Saving, investment, and pensions are avenues by which households build up claims to future
income and consumption. Such claims are important in a number of respects: they broaden
people’s options, reduce their insecurities about material living standards, and enhance their
ability to live with dignity in old age. As such, understanding the multiplicity of factors that
shape how people save, invest and acquire pension rights is important for understanding their
access to well-being and the ways in which social arrangements improve or undercut that
access. This paper reviews social-economics perspectives on these macroeconomic issues,
highlighting contributions of existing research and identifying fruitful directions for future
work. |