benefits, such as education and healthy behavior. By means of a randomized field experiment, we show that simple weekly …

saving rate; (ii) strengthen the effect of growth on saving; and (iii) increase the growth rate if productivity growth is … endogenous. These propositions are supported by cross-country regressions of saving and growth rates on indicators of liquidity … saving rates in the OECD countries and that the process of financial integration in the European Community may lead to a …

of liquid and illiquid personal sector wealth, it is difficult to explain aggregate consumer spending and saving …

taxed savings instruments or if they affect the overall level of saving. Finally, if there is any lesson that can be drawn …The Paper reviews the literature on these tax incentives, with special focus on long-term saving, housing, and … household liabilities. The Paper addresses several areas of policy intervention: (1) the interest rate effect on personal saving …

standards, Italy is a `high-saving' country; the Italian savings rate has declined markedly in the last three decades; the … household saving. The results suggest that capital market imperfections are the likely source of the high Italian savings rate …In this paper we provide an explanation for three features that characterize the Italian savings rate: by international …