Mian, Atif; Straub, Ludwig; Sufi, Amir - 2020
of the income distribution, which we call the saving glut of the rich. The saving glut of the rich has been as large as … the global saving glut, and it has not been associated with an increase in investment. Instead, the saving glut of the … financial asset by the household sector. Since the Great Recession, the saving glut of the rich has been financing government …
