[...]As we documented in a longer version of this paper (Triplettand Bosworth forthcoming), labor productivity growth in theservices industries after 1995 was a broad acceleration, not justconfined to one or two industries, as has sometimes beensupposed. Using the 1977-95 period as the base, we...

Examines the decline in saving in the United States over the past quarter-century. Is it a statistical artifact of the official measure of saving? Why don't Americans save? What are the consequences for economic growth, the performance of the aggregate economy, and policy goals? - Provided by...