Large savings and current account surpluses by China and other countries are said to be a contributor to the global … current account imbalances and possibly to the recent global financial crisis. This paper proposes a theory of excess savings … show conditions under which an intensified competition in the marriage market can induce men to raise their savings rate …

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 …

institutional development, with a goal of informing the recent debate over the existence and relevance of the "savings glut." The … reverse correlation; greater financial development leads to higher savings. Furthermore, there is no evidence of "excess …

Faced with income fluctuations, countries smooth their consumption by raising savings when income is high, and vice … versa. How much of these savings do countries invest at home and abroad? In other words, what are the effects of … fluctuations in savings on domestic investment and the current account? In the long run, we find that countries invest the marginal …

parameters and on changes in the external environment. Although more than 90 percent of the savings decline in the United States … decade-average savings retention coefficient was 0.73. implying that nearly three-fourths of each additional dollar that was …