demographic groups, although the age-profile of savings has an unusual U-shaped pattern, with saving rates being the highest among …

, suggesting a heightened role for precautionary savings. This paper uses a parameterized small open economy model to quantify the … role of precautionary savings in economies with exhaustible resources, when the only source of uncertainty is the price of … the exhaustible resource. Results show that the precautionary motive can generate sizable external sector savings. When …

Household savings rates in the United States have recently crept up from all-time lows. Some have suggested that a …, our model predicts that such primary savings will increase, but only temporarily and modestly, as household assets … stabilize. As savings flows gradually accumulate, they help rebuild corporate net worth and hence firms' capacity to make capit …