stock' model of optimal consumption in the presence of labor income uncertainty and credit constraints. Saving in the model …We argue that the U.S. personal saving rate's long stability (from the 1960s through the early 1980s), subsequent … saving rate's long-term decline, while fluctuations in net wealth and uncertainty capture the bulk of the business …

We study the effects of permanent and temporary income shocks on precautionary saving and investment in a "store …-or-sow" model of growth. High volatility of permanent shocks results in high precautionary saving in the safe asset and low … leads to low precautionary saving and high or low investment, depending on the volatility of temporary shocks. Empirical …

pension reform and rapid aging together contribute 55 percent of the increase in the household saving rate from 1995 to 2009 …

inequality are also needed to reduce savings further and boost consumption …

This paper studies the effect of demographic change on national saving, global interest rates, and international … private and public saving behavior. We then extend this framework to a two-country setting and simulate scenarios of …

This paper analyzes saving patterns and determinants in Latin America and the Caribbean (LAC), including key policy … variables and regimes. The review of previous empirical studies on LAC saving reveals contradictions and omissions. This paper … presents empirical results of an extensive search of determinants of private and public saving rates, adding previously …

This paper presents new evidence on the behavior of saving in the world, by extending previous empirical research in … including potential saving determinants identified by theory but not previously considered in the empirical literature. Fourth …, the paper explores differences in saving behavior nesting the 2008-10 crisis period and four different country groups …

This paper develops a time series model for aggregate consumption to predict the U.S. personal saving rate. It then … uses the model to test whether there has been a structural break in consumption behavior because of the 2008 financial … crisis. Before the crisis, the personal saving rate was trending downwards. However, in 2008 there was a significant rise in …

savings in the region. In contrast with other regions, private saving rates have not increased during COVID-19 in SSA. Instead …