Juster, F. Thomas; Lupton, Joseph P.; Smith, James P.; … - In: The Review of Economics and Statistics 88 (2006) 1, pp. 20-27
Using a unique set of household-level panel data, we estimate the effect of capital gains on saving by asset type, controlling for observable and unobservable household-specific fixed effects. The results suggest that the decline in the personal saving rate since 1984 is largely due to the...