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The case of the missing interest deductions: will tax reform increase U. S. saving rates?

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Author Info
David Altig
Abstract

A comparison of U.S. saving rates with those of 15 OECD countries, finding that saving is generally higher in countries that do not subsidize borrowing through interest deductibility.

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File URL: http://clevelandfed.org/Research/Review/1990/90-q4-altig.pdf
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Publisher Info
Article provided by Federal Reserve Bank of Cleveland in its journal Economic Review.

Volume (Year): (1990)
Issue (Month): Q IV ()
Pages: 22-34
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Handle: RePEc:fip:fedcer:y:1990:i:qiv:p:22-34:n:v.26no.4

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Related research
Keywords: Taxation Saving and investment

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Bosworth, Barry P, 1990. "International Differences in Saving," American Economic Review, American Economic Association, vol. 80(2), pages 377-81, May. [Downloadable!] (restricted)
  2. Aschauer, David Alan, 1985. "Fiscal Policy and Aggregate Demand," American Economic Review, American Economic Association, vol. 75(1), pages 117-27, March. [Downloadable!] (restricted)
  3. David Altig & Steve J. Davis, 1989. "The timing of intergenerational transfers, tax policy, and aggregate savings," Working Paper 8917, Federal Reserve Bank of Cleveland. [Downloadable!]
    Other versions:
  4. Martin Feldstein & Jeffrey B. Liebman, 2001. "Social Security," NBER Working Papers 8451, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Other versions:
    • Feldstein, Martin & Liebman, Jeffrey B., 2002. "Social security," Handbook of Public Economics, in: A. J. Auerbach & M. Feldstein (ed.), Handbook of Public Economics, edition 1, volume 4, chapter 32, pages 2245-2324 Elsevier. [Downloadable!] (restricted)
  5. Mishkin, Frederic S., 1990. "Does correcting for heteroscedasticity help?," Economics Letters, Elsevier, vol. 34(4), pages 351-356, December. [Downloadable!] (restricted)
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  6. James M. Boughton & Peter Montiel & Bijan B. Aghevli & Delano Villanueva & Geoffrey Woglom, 1990. "The Role of National Saving in the World Economy: Recent Trends and Prospects," IMF Occasional Papers 67, International Monetary Fund.
  7. Poterba, J.M., 1989. "Dividends, Capital Gains And The Corporate Veil: Evidence From Britain, Canada And The United States," Papers 3, Queen's at Kingston - John Deutsch Inst. for Study of Economic Policy.
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  8. Slemrod, Joel, 1990. "Fear of Nuclear War and Intercountry Differences in the Rate of Saving," Economic Inquiry, Oxford University Press, vol. 28(4), pages 647-57, October.
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  9. Michael F. Bryan & Susan M. Byrne, 1990. "Don't worry, we'll grow out of it: an analysis of demographics, consumer spending, and foreign debt," Economic Commentary, Federal Reserve Bank of Cleveland, issue Oct 1. [Downloadable!]
  10. Bernheim, B Douglas, 1989. "A Neoclassical Perspective on Budget Deficits," Journal of Economic Perspectives, American Economic Association, vol. 3(2), pages 55-72, Spring. [Downloadable!] (restricted)
  11. Alan J. Auerbach & Kevin Hassett, 1991. "Corporate Savings and Shareholder Consumption," NBER Working Papers 2994, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  12. Jump, Gregory V, 1980. "Interest Rates, Inflation Expectations, and Spurious Elements in Measured Real Income and Saving," American Economic Review, American Economic Association, vol. 70(5), pages 990-1004, December. [Downloadable!] (restricted)
  13. Carroll, Chris & Summers, Lawrence H., 1987. "Why have private savings rates in the United States and Canada diverged?," Journal of Monetary Economics, Elsevier, vol. 20(2), pages 249-279, September. [Downloadable!] (restricted)
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Eric M. Engen & William G. Gale & John Karl Scholz, 1996. "The Effects of Tax-Based Saving Incentives On Saving and Wealth," NBER Working Papers 5759, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  2. David Altig & Charles T. Carlstrom, 1991. "Bracket creep in the age of indexing: have we solved the problem?," Working Paper 9108, Federal Reserve Bank of Cleveland. [Downloadable!]
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