aggregate data, we find a strong effect of financial literacy on wealth accumulation and national saving, and also show that … ordinary least squares estimates understate the impact of financial literacy on saving. …

growth, in line with the β=s/g Harrod-Domar-Solow formula. That is, for a given net saving rate s= 10%, the long run wealth …

standards, Italy is a `high-saving' country; the Italian savings rate has declined markedly in the last three decades; the … correlation between saving and growth is stronger in Italy than in countries at comparable stages of economic development. We … household saving. The results suggest that capital market imperfections are the likely source of the high Italian savings rate …

steady-state supply of saving at the world level. With endogenous technical progress, financial repression may increase …

precautionary saving motive in a two-period model with Kreps-Porteus preferences. For small risks, we derive a measure of the … strength of the precautionary saving motive, which generalizes the concept of ‘prudence’ introduced by Kimball (1990b). For … large risks, we show that decreasing absolute risk aversion guarantees that the precautionary saving motive is stronger than …

A broad set of possible determinants of private saving behaviour is examined, using data for a large sample of … partial offset on private saving of changes in public saving and (for developing countries) in foreign saving, that … demographics and growth are important determinants of private saving rates, and that interest rates and terms of trade have …

been significant changes in saving and investment patterns across the world and imbalances have narrowed considerably. Does …