Kirsanova, Tatiana; Sefton, James - Business School, University of Exeter - 2006
?erences in the national saving rates between the UK, US and Italy. Our work suggests that the US saving rate is lower principally … because Americans on average retire later. In contrast, the Italian saving rate is higher predominantly because Italians are … to explain little of the cross-sectional di?erences in saving rates. The study accounts for the possible importance of …