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Japan's High Saving Rate Reaffirmed
Dekle, Robert - 2010
Compared to the U.S. national accounts, the Japanese accounts understate consumption and government spending, and therefore overstate the national saving rate. Recently, Hayashi has recalculated Japan's national saving according to the American Department of Commerce definition and found that...
Persistent link: https://www.econbiz.de/10013139429
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Saving, Growth, and Aging in Taiwan
Deaton, Angus - 2011
This paper examines issues of household saving, growth. and aging in Taiwan. The Taiwanese patterns of high income growth, declines in fertility, and increases in life expectancy all have implications for life-cycle saving. We use data from fifteen consecutive household income and expenditure...
Persistent link: https://www.econbiz.de/10013125763
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The Competitive Saving Motive : Evidence from Rising Sex Ratios and Savings Rates in China
Wei, Shang-Jin - 2010
The high and rising household savings rate in China is not easily reconciled with the traditional explanations that … new competitive saving motive: As the sex ratio rises, Chinese parents with a son raise their savings in a competitive … manner in order to improve their son's relative attractiveness for marriage. The pressure on savings spills over to other …
Persistent link: https://www.econbiz.de/10013152435
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Why are Saving Rates so Different Across Countries? : An International Comparative Analysis
Edwards, Sebastian - 2008
This paper analyzes the determinants of savings in the world economy, and discusses why saving ratios have been so … uneven across countries. A distinction is made between private and government savings, using panel data for 36 countries …, from 1970 to 1992. In particular, it is assumed that government savings are not completely exogenous, and respond to both …
Persistent link: https://www.econbiz.de/10012774937
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Resolving the Global Imbalance : The Dollar and the U.S. Saving Rate
Feldstein, Martin S. - 2010
rate. So a rise will be driven by higher household savings of the coming years as the two primary forces that depressed … savings in recent years are reversed: the exceptionally rapid rise in household wealth and the high level of mortgage …
Persistent link: https://www.econbiz.de/10012759368
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Endogenous Discounting, the World Saving Glut and the U.S. Current Account
Choi, Horag - 2010
We study the evolution of the U.S. current account in a two-country dynamic stochastic endowment model in which a single non-state contingent bond is the only internationally traded asset. The paper focuses on the world `saving glut' as the primary cause of continual deterioration in the current...
Persistent link: https://www.econbiz.de/10012759722
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Why Aren't Developed Countries Saving?
Dobrescu, Loretti - 2009
National saving rates differ enormously across developed countries. But these differences obscure a common trend, namely a dramatic decline over time. France and Italy, for example, saved over 17 percent of national income in 1970, but less than 7 percent in 2006. Japan saved 30 percent in 1970,...
Persistent link: https://www.econbiz.de/10012765576
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Quantitative Models of Wealth Inequality : A Survey
De Nardi, Mariacristina - 2015
the saving motives assumed. This paper surveys the savings mechanisms proposed so far (preference heterogeneity …
Persistent link: https://www.econbiz.de/10013024152
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Saving Puzzles and Saving Policies in the United States
Lusardi, Annamaria; Skinner, Jonathan S.; Venti, Steven F. - 2021
In the past two decades the widely reported personal saving rate in the United States has dropped from double digits to below zero. First, we attempt to account for the decline in the National Income and Product Accounts (NIPA) saving rate. The macroeconomic literature suggests that about half...
Persistent link: https://www.econbiz.de/10013220783
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Public Policies and Private Saving in Mexico
Feldstein, Martin S. - 2021
Increasing the rate of saving is an important priority for many emerging market countries. This paper focuses on Mexico and discusses a variety of policies through which the government of Mexico could stimulate a higher rate of saving. These ideas are building blocks rather than an overall plan....
Persistent link: https://www.econbiz.de/10013224181