savings and tax revenue data from, it provides compelling and robust empirical evidence of a powerful impact of taxes on … household savings. In particular, income taxes are shown to affect negatively the household saving rate much more than …

This paper develops and tests a model of Japan’s household savings rate, based on the life-cycle hypothesis that the … primary motive for savings is provision for retirement. The paper shows that Japan’s high household savings rate in recent … improvements in public pension benefits and the aging of the population. It projects that the savings rate will decline …

This paper studies the effects that borrowing constraints have on savings and growth and argues that, though they … increase savings, their effect on growth is ambiguous. Empirical evidence on the extent of borrowing constraints as well as … savings, investment, human capital accumulation and growth performance for industrialized countries is presented. A simple …

converge towards lower equilibrium real interest rates if domestic savings increase to the level of other emerging market … countries. The effect is particularly pronounced if the increase in domestic savings is achieved through higher levels of public … savings. Still, econometric results suggest that, controlling for everything else in the model, real interest rates in Brazil …