Three key drivers of savings are life-cycle, precautionary, and bequest motives. What is their relative quantitative importance? We revisit this question focusing on the role of preferences and institutions.
At the onset of COVID-19, U.S. labor-force participation fell by about 3 percentage points and remained below pre-pandemic levels three years later. Recovery was slower in states hit harder by the pre-pandemic opioid crisis, measured by age-adjusted overdose death rates.
Family-friendly policies aim to help women balance work and family life, encouraging them to participate in the labor market. How effective are such policies in increasing fertility?
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