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Author : Milton H. Marquis
Publisher :
ISBN 13 :
Total Pages : 8 pages
Book Rating : 4.:/5 (983 download)
Download or read book What's Behind the Low U.S. Personal Saving Rate? written by Milton H. Marquis and published by . This book was released on with total page 8 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Eytan Sheshinski
Publisher :
ISBN 13 :
Total Pages : 40 pages
Book Rating : 4.3/5 ( download)
Download or read book An Explanation of the Behavior of Personal Savings in the United States in Recent Years written by Eytan Sheshinski and published by . This book was released on 1989 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: A sharp increase in the real interest rates in the U.S. in the 1980s was expected to induce a higher personal saving rate. Actually, between 1981 and 1983 the personal saving rate fell from 7.5 percent to 5.4 percent and for the 1985-1988 period it had averaged only 4 percent even though real interest rates have remained high. We argue that one possible explanation for this negative relation between interest rates and the personal saving rate is the large fraction of wealth, especially financial wealth, held by persons over 65 years old (this group has received more than 50 percent of all interest income in the U.S. during this period). Life cycle theory suggests, as we demonstrate, that the wealth effect created by an increase in the rate of interest reduces the savings of old persons and raises savings of the young and hence the effect on aggregate savings depends on the age distribution in the population.
Download or read book Decline in U.S. Personal Saving Rate written by and published by . This book was released on 2007 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the mid-1990s, the national income and product accounts personal saving rate for the United States has been trending down, dropping into negative territory for three months during the past two years. This paper examines measurement problems surrounding two of the standard definitions of the personal saving rate. The authors conclude that, despite these measurement problems, the recent decline of the United States personal saving rate to low levels seems to be a real economic phenomenon and may be a cause for concern for several reasons. After examining several possible explanations for the trend advanced in the recent literature, the authors conclude that none of them provides a compelling explanation for the steep decline and negative levels of the United States personal saving rate.
Author : Lyman T. Randolph
Publisher :
ISBN 13 : 9781607413578
Total Pages : 0 pages
Book Rating : 4.4/5 (135 download)
Download or read book Savings in the U.S. written by Lyman T. Randolph and published by . This book was released on 2010 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Raising the share of income saved is a frequent aim of public policy. That may be particularly apparent in debates about the size of the federal budget deficit, but concerns about the low household saving rate have also prompted policymakers to consider ways to encourage individuals to save more. How much individuals save will directly affect their future economic well-being. This book presents standard economic analysis of the macroeconomic effects of raising savings. An increase in saving means a reduction in spending. In the short run, that is likely to result in slower economic growth than would otherwise have been the case. When the saving rate rises, demand for financial assets rises as well. This book also looks at savings incentives and Social Security, and why the household savings rate is low. From a macroeconomic perspective, what matters is that saving, whether from the household, business or public sector is channelled into investments which increase the capital stock, raise productivity and add to economic growth. This book consists of public documents which have been located, gathered, combined, reformatted, and enhanced with a subject index, selectively edited and bound to provide easy access.
Author : Barry Leonard
Publisher : DIANE Publishing
ISBN 13 : 9781422319024
Total Pages : 32 pages
Book Rating : 4.3/5 (19 download)
Download or read book Savings Fitness written by Barry Leonard and published by DIANE Publishing. This book was released on 2007-12 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: Many people mistakenly believe that Social Security (SS) will pay for all or most of their retire. needs, but the fact is, since its inception, SS has provided little protection. A comfortable retire. usually requires SS, pensions, personal savings & invest. The key tool for making a secure retire. a reality is financial planning. It will help clarify your retire. goals as well as other financial goals you want to ¿buy¿ along the way. It will show you how to manage your money so you can afford today¿s needs yet still fund tomorrow¿s. You¿ll learn how to save your money to make it work for you & how to protect it so it will be there when you need it. Explains how you can take the best advantage of retire. plans at work, & what to do if you¿re on your own. Illustrations.
Author :
Publisher :
ISBN 13 : 9780262024761
Total Pages : pages
Book Rating : 4.0/5 (247 download)
Download or read book NBER Macroeconomics Annual written by and published by . This book was released on 1986 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Charls E. Walker
Publisher : Westview Press
ISBN 13 :
Total Pages : 440 pages
Book Rating : 4.F/5 ( download)
Download or read book The U.s. Savings Challenge written by Charls E. Walker and published by Westview Press. This book was released on 1990-10-25 with total page 440 pages. Available in PDF, EPUB and Kindle. Book excerpt: A collection of essays, studies, and discussions on the low rate of savings in the United States as compared to other industrial countries. The authors are prominent policymakers, academians and business leaders. Topics covered include the US savings and investment rate, the impact of tax policies on savings, and strategies for increasing personal and business savings.
Author : Robert E. Lipsey
Publisher : University of Chicago Press
ISBN 13 : 0226484718
Total Pages : 876 pages
Book Rating : 4.2/5 (264 download)
Download or read book The Measurement of Saving, Investment, and Wealth written by Robert E. Lipsey and published by University of Chicago Press. This book was released on 2008-04-15 with total page 876 pages. Available in PDF, EPUB and Kindle. Book excerpt: There is probably no concept other than saving for which U.S. official agencies issue annual estimates that differ by more than a third, as they have done for net household saving, or for which reputable scholars claim that the correct measure is close to ten times the officially published one. Yet despite agreement among economists and policymakers on the importance of this measure, huge inconsistencies persist. Contributors to this volume investigate ways to improve aggregate and sectoral saving and investment estimates and analyze microdata from recent household wealth surveys. They provide analyses of National Income and Product Account (NIPA) and Flow-of-Funds measures and of saving and survey-based wealth estimates. Conceptual and methodological questions are discussed regarding long-term trends in the U.S. wealth inequality, age-wealth profiles, pensions and wealth distribution, and biases in inferences about life-cycle changes in saving and wealth. Some new assessments are offered for investment in human and nonhuman capital, the government contribution to national wealth, NIPA personal and corporate saving, and banking imputation.
Author : Charles Yuji Horioka
Publisher :
ISBN 13 :
Total Pages : 484 pages
Book Rating : 4.F/5 ( download)
Download or read book Household Saving in Japan written by Charles Yuji Horioka and published by . This book was released on 1986 with total page 484 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Inter-American Development Bank
Publisher : Springer
ISBN 13 : 1349949299
Total Pages : 352 pages
Book Rating : 4.3/5 (499 download)
Download or read book Saving for Development written by Inter-American Development Bank and published by Springer. This book was released on 2016-07-08 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why should people - and economies - save? This book on the savings problem in Latin America and the Caribbean suggests that, while saving to survive the bad times is important, saving to thrive in the good times is what really counts. People must save to invest in health and education, live productive and fulfilling lives, and make the most of their retirement years. Firms must save to grow their enterprises, employ more workers in better jobs, and produce quality goods. Governments must save to build the infrastructure required by a productive economy, provide quality services to their citizens, and assure their senior citizens a dignified, worry-free retirement. In short, countries must save not for the proverbial rainy day, but for a sunny day - a time when everyone can bask in the benefits of growth, prosperity, and well-being. This book is open access under a CC BY-NC-ND 3.0 IGO license.
Author : Brian Cashell
Publisher :
ISBN 13 :
Total Pages : 11 pages
Book Rating : 4.:/5 (19 download)
Download or read book Why is the Household Saving Rate So Low? written by Brian Cashell and published by . This book was released on 2008 with total page 11 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Leonard I. Nakamura
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)
Download or read book Benchmark Revisions and the U.S. Personal Saving Rate written by Leonard I. Nakamura and published by . This book was released on 2019 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Initially published estimates of the personal saving rate from 1965 Q3 to 1999 Q2, which averaged 5.3 percent, have been revised up 2.8 percentage points to 8.1 percent, as we document. We show that much of the initial variation in the personal saving rate across time was meaningless noise. Nominal disposable personal income has been revised upward an average of 8.4 percent: one dollar in 12 was originally missing! We use both conventional and real-time estimates of the personal saving rate to forecast real disposable income, gross domestic product, and personal consumption and show that the personal saving rate in real-time almost invariably makes forecasts worse. Thus, while the personal saving rate may have some forecasting power once we know the true saving rate, as Campbell (1987) and Ireland (1995) have argued, as a practical matter it is useless to forecasters.
Author :
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)
Download or read book How Deficient is Personal Saving in the United States? written by and published by . This book was released on 2006 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the rest of the paper, we first review the profile of the U. S. saving and investment so as to identify a link between the external deficit and low personal saving. [...] The Current-account Deficit and Personal Saving Before analyzing the behavior of personal saving, it is useful to have an overview of the general profile of saving and investment in the United States, for it may not be familiar to many people. [...] The coefficient for the correlation between the ratio of business saving to GDP and the year over year growth rate of real GDP10 is 0.54 for the period from 1975Q1 to 2005Q4. [...] To highlight the explanatory power of the interest rate, the preliminary regression does not include the first two lags of the dependent variable. [...] Corresponding to the income growth of 3% and the interest rate of 6%, the required saving rate is 8%, which can be compared to the actual personal saving rate (mean is 6.40% and standard deviation is 3.28%.
Author : Zhong Wang
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (983 download)
Download or read book Discussing Economic Factors' Effects on Personal Saving Rate written by Zhong Wang and published by . This book was released on 2015 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Business capital and investment are increasingly moving abroad as globalization occurs, and worldwide economic integration is accordingly strengthened. The extremely low personal saving rate in the United States and the extremely high personal saving rate in China are always a concern for economists. This project uses data from the United States and economic and econometric methodologies to analyze and discuss several economic factors that affect the U.S. personal saving rate. The result shows that the housing and stock market booms, an increasing interest rate, and a decrease in the ratio of workers to retirees cause the decrease in personal saving rate, and there is strong evidence that an increased social security tax also leads to a decrease in personal saving rate.
Author : Richard A. Iley
Publisher : Edward Elgar Publishing
ISBN 13 : 1847207057
Total Pages : 285 pages
Book Rating : 4.8/5 (472 download)
Download or read book Untangling the US Deficit written by Richard A. Iley and published by Edward Elgar Publishing. This book was released on 2007-01-01 with total page 285 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book would be a good companion text for an undergraduate class in international finance or open-economy macroeconomics. Catherine L. Mann, Journal of Economic Literature Untangling the US Deficit is a unique and well-researched book and will be of great interest to academic economists and postgraduates. Policymakers, business and market economists will also find it an enlightening and challenging analysis. sirreadalot.org The book is written in a very accessible fashion, even though the authors strive to accommodate competing and complex views on the causes and cures of the US external deficit, which makes for enjoyable and informative reading. Their reliance on data, charts and bibliography result in persuasive arguments. Recommended. General readers; upper-division undergraduates through practitioners. A. Sharma, Choice What are the causes of the US current account deficit? Are the problems made in the US or the rest of the world? Are these deficits sustainable, at what level? These are the types of questions the authors set out to answer, and in essence conclude that the answers do not matter for global stability as long as imbalances are left to market forces and the US can avoid large net income outflows. The beauty of this book, however, is watching the authors (the unusual combination of a business economist and an academic economist) arrive at this conclusion. They provide insights that can come only from years of practical and theoretical experience. William E. Becker, Indiana University Bloomington, US As the US current account deficit has expanded to a record level of $811 billion in 2006, debate about the deficit s causes and consequences has also grown. Is the deficit a product of American profligacy or a glut of savings in the rest of the world? Is it a serious problem or essentially benign? Untangling the US Deficit charts a course between the competing explanations in a systematic and rigorous approach, incorporating the latest academic research and market data. Particular attention is given to the China United States trade imbalance and to the special role of the US dollar and US capital markets in global finance. This unique and well-researched book will be of great interest to academic economists and postgraduates. Policy-makers, business and market economists will also find it to be an enlightening and challenging account.
Author : George Kozmetsky
Publisher : Purdue University Press
ISBN 13 : 9781557533432
Total Pages : 528 pages
Book Rating : 4.5/5 (334 download)
Download or read book The Economic Transformation of the United States, 1950-2000 written by George Kozmetsky and published by Purdue University Press. This book was released on 2005 with total page 528 pages. Available in PDF, EPUB and Kindle. Book excerpt: A detailed analysis of US economic transformation in the last 50 years, including the principal drivers for economic growth, US demographic transformation, and the changing sector structure of the US economy.
Author : Leonard I. Nakamura
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)
Download or read book Mismeasured Personal Saving and the Permanent Income Hypothesis written by Leonard I. Nakamura and published by . This book was released on 2019 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Is it possible to forecast using poorly measured data? According to the permanent income hypothesis, a low personal saving rate should predict rising future income (Campbell, 1987). However, the U.S. personal saving rate is initially poorly measured and has been repeatedly revised upward in benchmark revisions. The authors use both conventional and real-time estimates of the personal saving rate in vector autoregressions to forecast real disposable income; using the level of the personal saving rate in real time would have almost invariably made forecasts worse, but first differences of the personal saving rate are predictive. They also test the lay hypothesis that a low personal saving rate has implications for consumption growth and find no evidence of forecasting ability.
