the savings rate is not homogeneous. On average, the effect attributed to real estate dominates the other components of … wealth. In addition, the savings rate strongly responds to demographic trends. Besides the direct impact of the age structure …, an indirect effect arises through the accumulation of wealth. The savings rate does not decrease with age in a monotonic …

The paper seeks to add to the existing literature on aggregate and private savings by focusing on transition economies …, aggregate and private savings are driven by almost the same forces - this is the central focus of the paper. The most important …

savings. Is saving behaviour in EU-accession countries now driven by the same forces as it is in market economies? We use a …

rates in the context of a simple model that takes into account the global external savings equilibrium. The simple model has … interesting implications for how one views the huge US current account deficit and how the emergence of China's savings surplus … from excess OPEC savings have facilitated the adjustment to the subprime crisis. …