National and Personal Saving in the United States: Measurement and Analysis of Recent Trends
An analysis of issues regarding the measurement of saving concludes that the observed declines in national, private, and personal saving rates in the United States cannot be attributed to measurement problems. Several factors that seem to have accounted for the decline in U.S. personal saving are examined. Structural changes in capital markets, as well as improvements in wealth positions, living standards of the elderly, and private and public insurance mechanisms have all contributed to the declining trend in personal saving. Empirical results suggest that demographic factors may also have played an important role.
Year of publication: |
1990
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Authors: | Bovenberg, A. Lans ; Evans, Owen |
Published in: |
IMF Staff Papers. - Palgrave Macmillan, ISSN 1020-7635. - Vol. 37.1990, 3, p. 636-669
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Publisher: |
Palgrave Macmillan |
Saved in:
Online Resource
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