Alan, Sule; Atalay, Kadir; Crossley, Thomas F. - 2013
fraction of their income. The major difficulty in empirically assessing the relationship between incomes and saving rates is to … construct a credible proxy for long-run income - purged of transitory fluctuations and measurement error. The Canadian Family … reliable long-run income proxies. Our empirical analysis suggests that the estimated relationship between saving rates and long …