Intro -- Contents -- I. INTRODUCTION -- II. HAVE SAVING RATES REALLY FALLEN? -- III. LIKELY IMPACT OF FINANCIAL INNOVATION AND LIBERALIZATION ON HOME EQUITY WITHDRAWAL ( HEW) AND SAVING -- IV. TRENDS IN HEWAND HOUSEHOLD SAVING ACROSS COUNTRIES -- V. HOW DOES HEW AFFECT HOUSEHOLD SAVING? -- VI....

Intro -- Contents -- I. INTRODUCTION -- II. LITERATURE REVIEW -- III. EMPIRICAL STRATEGY -- IV. RESULTS -- V. CONCLUSIONS -- Appendix I. Compensation Share -- Appendix II. A First Pass at Data: Bivariate Regression Results -- Appendix III. Correlation Matrix of Explanatory Variables -- Appendix...