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Saving puzzles and saving policies in the United States

Lusardi, Annamaria; Skinner, Jonathan; Venti, Steven F. - 2001

Persistent link: https://www.econbiz.de/10001577267

Wealth shocks and macroeconomic dynamics

Cooper, Daniel; Dynan, Karen E. - 2013 - This version: June 14, 2013

The effect of wealth on consumption is an issue of longstanding interest to economists. Analysts believe that fluctuations in household wealth have driven major swings in economic activity. This paper considers so-called wealth effects - the impact of changes in wealth on household consumption...

Persistent link: https://www.econbiz.de/10009760038

Consumption, wealth, frugality, and long-run growth

Yang, Zaifu; Zhang, Rong - 2021 - This version: 16 September 2021

Persistent link: https://www.econbiz.de/10012817890

What do aggregate saving rates (not) show?

Ponomarenko, Alexey; Ponomarenko, Alexey - 2017

The aggregate saving indicator does not directly reflect changes in individuals' microeconomic behavior. From the official statistics' point of view, households choosebetween spending, which generates additional income and consumption in the economy, and setting money aside, which does not....

Persistent link: https://www.econbiz.de/10011751875

Sources and uses of equity extracted from homes

Greenspan, Alan; Kennedy, James E. - 2007

Persistent link: https://www.econbiz.de/10003827111

The making of America’s imbalances

Schularick, Moritz; Wachtel, Paul - 2012

emergence of global imbalances in the 2000s. The record low household savings rate in the past decade was the product of two … borrowing in the 2000s. We present novel disaggregated estimates of the wealth effect on savings. We show that households reduce … active savings in response to gains in financial wealth and increase borrowing with rising housing wealth. Finally, we argue …

Persistent link: https://www.econbiz.de/10009580848