what determines differences in saving behaviour across countries. Using a panel of 47 economies with at least 40 years of … and cyclical shocks to uncover that cyclical productivity shocks tend to have a strong positive effect on saving rates … robust, and we reconfirm that large declines in productivity shocks were associated with large decline in saving rates …

We present a model where the saving rate of the household sector, especially households at the bottom of the income … saving rate of the household sector. Such a process is unsustainable because it leads to an increase in the household debt …

We argue that the U.S. personal saving rate's long stability (from the 1960s through the early 1980s), subsequent … stock' model of optimal consumption in the presence of labor income uncertainty and credit constraints. Saving in the model … saving rate's long-term decline, while fluctuations in net wealth and uncertainty capture the bulk of the business …

what determines differences in saving behaviour across countries. Using a panel of 47 economies with at least 40 years of … and cyclical shocks to uncover that cyclical productivity shocks tend to have a strong positive effect on saving rates … robust, and we reconfirm that large declines in productivity shocks were associated with large decline in saving rates …