The debate among legal scholars about individuals' failure to save enough for retirement adopts a "micro" perspective. It focuses on the causes and consequences of undersaving from the perspective of individuals and analyzes how legal interventions, such as tax subsidies and nudges, can best address individual saving mistakes.
Andrew Hayashi & Daniel P. Murphy,
Savings Policy and the Paradox of Thrift,
Yale J. on Reg.
Available at: https://digitalcommons.law.yale.edu/yjreg/vol34/iss3/2