, whereas debt declined most (so saving rose most) for unconstrained consumers. More generally, the results suggest that there …

, whereas debt declined most (so saving rose most) for unconstrained consumers. More generally, the results suggest that there …

In this paper, we show the pivotal role business owners play in estimating the importance of the precautionary saving … saving motive exists. Using data from the Panel Study of Income Dynamics in the 1980s and the 1990s, we show that among both …-business owners. Thus, while a precautionary saving motive exists and affects all households, it does not give rise to high amounts of …

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 …

degree of excess sensitivity of consumption to income in a switching regressions framework. The switching regressions apply …

financial instruments. However, there is evidence that many individuals are not well-equipped to make sound saving decisions … can result in improved saving behavior and financial decision-making, much can be done to improve these programs …