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Decline in U.S. Personal Saving Rate : Is it Real and Is It a Puzzle? Preview this item
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Decline in U.S. Personal Saving Rate : Is it Real and Is It a Puzzle?

Author: Massimo Guidolin; Elizabeth A La Jeunesse; Inter-university Consortium for Political and Social Research.
Publisher: Ann Arbor, Mich. : Inter-university Consortium for Political and Social Research [distributor], 2007.
Series: ICPSR (Series), 21300.
Edition/Format:   Computer file : EnglishView all editions and formats
Database:WorldCat
Summary:
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  Read more...
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Details

Material Type: Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Massimo Guidolin; Elizabeth A La Jeunesse; Inter-university Consortium for Political and Social Research.
OCLC Number: 190872098
Notes: Title from ICPSR DDI metadata of 2008-01-04.
Details: Mode of access: Intranet.
Series Title: ICPSR (Series), 21300.
Responsibility: Massimo Guidolin, Elizabeth A. La Jeunesse.

Abstract:

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.
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