Historically high household debt in several economies is calling for a deleveraging, but according to some economists …, this paper finds evidence of a negative relationship between changes of household debt-to-income ratios and saving rates … suggest that the economic cost associated with household deleveraging may be overestimated and motivate a deleveraging via …

This paper explores the interaction between corporate ownership concentration and private savings, and by extension …, the current account balance in Germany. As high corporate savings largely reflected capital income accruing to wealthy … widening top income inequality, rising private savings and compressed consumption rates. Rising corporate profits in an …

, explained mainly by permanent income, has only increased moderately in the 1990s; household behavior—not corporate behavior …

household savings. In particular, income taxes are shown to affect negatively the household saving rate much more than …This paper analyzes anew the relationship between taxation and the household saving rate. On the basis of standard … savings and tax revenue data from, it provides compelling and robust empirical evidence of a powerful impact of taxes on …

United Kingdom. Mortgage market liberalization and innovation should reduce household cash flow and collateral constraints …

China’s household saving rate has increased markedly since the mid-1990s and the age-savings profile has become U … and pension reforms can account for over half of the increase in the urban household savings rate in China since the mid … increase in income uncertainty. Interestingly, the permanent variance of household income remains stable while it is the …

Household savings behavior in China during the past 30 years has been studied by using econometric models with the time …

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 …

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 …

This paper analyzes the empirical determinants of household saving using data from 21 OECD countries for 1975-95. A … particular focus is the influence of the tax and social security systems on household saving. The paper therefore extends the … usual set of explanatory variables used to explain household saving behavior to include variables that capture the structure …