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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 … capital gains. Another thirty percent is accounting transfers from personal saving into government and corporate saving …
Persistent link: https://www.econbiz.de/10013220783
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Measuring Depreciation for Japan : Rejoinder to Dekle and Summers
Hayashi, Fumio - 2021
Recently, my claim that depreciation reported in the Japanese national accounts is underestimated by a substantial margin has been challenged by Dekle and Summers (NBER Working Paper No. 3690), on the ground that the implied depreciation rate (ratio of depreciation to the capital stock) is...
Persistent link: https://www.econbiz.de/10013221935
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On the Japanese Economy and Japanese National Accounts
Ando, Albert - 2021
A review of the Japanese National Accounts reveals that the Japanese household sector has apparently suffered a capital loss of some 400 trillion-yen in 1990 consumption prices since 1970. This loss is large enough to explain most of the Japanese recession of the 1990's. We can trace some...
Persistent link: https://www.econbiz.de/10013311189
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Getting to the Top of Mind : How Reminders Increase Saving
Karlan, Dean S. - 2010
reminders may increase saving, and that reminders will be more effective when they increase the salience of a specific …
Persistent link: https://www.econbiz.de/10013139968
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Implicit and Explicit Commitment in Credit and Saving Contracts : A Field Experiment
Afzal, Uzma - 2019
contracts. We find substantial demand for both credit and savings contracts but no demand for additional commitment features …
Persistent link: https://www.econbiz.de/10012871152
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Ideas and Growth
Lucas, Robert E. - 2010
What is it about modern capitalist economies that allows them, in contrast to all earlier societies, to generate sustained growth in productivity and living standards? It is widely agreed that the productivity growth of the industrialized economies is mainly an ongoing intellectual achievement,...
Persistent link: https://www.econbiz.de/10012759108
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The Impact of Deunionization on the Growth and Dispersion of Productivity and Pay
Dosi, Giovanni; Freeman, Richard B.; Roventini, Andrea; … - 2021
This paper presents an Agent-Based Model (ABM) that seeks to explain the concordance of sluggish growth of productivity and of real wages found in macro-economic statistics, and the increased dispersion of firm productivity and worker earnings found in micro level statistics in advanced...
Persistent link: https://www.econbiz.de/10013314332
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Understanding Ppps and Ppp-Based National Accounts
Deaton, Angus - 2010
PPP-based national accounts have become an important part of the database for macroeconomists, development economists, and economic historians. Frequently used global data come from the Penn World Table (PWT) and the World Bank's World Development Indicators; a substantial fraction of the world...
Persistent link: https://www.econbiz.de/10012758136
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Population Aging and Intergenerational Transfers : Introducing Age into National Accounts
Mason, Andrew W. - 2010
In all societies intergenerational transfers are large and have an important influence on inequality and growth. The development of each generation of youth depends on the resources that it receives from productive members of society for health, education, and sustenance. The well-being of the...
Persistent link: https://www.econbiz.de/10012760498
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What is Productivity : Capacity or Welfare Management?
Hulten, Charles R. - 2021
A number of recent papers have examined the role of environmental variables in accounting for economic growth, and have concluded that net measures of national product are superior to gross measures in portraying the outcome of the growth process. This paper argues that the two measures are not...
Persistent link: https://www.econbiz.de/10013229038