A nation of spendthrifts? An analysis of trends in personal and gross saving
AbstractThe steep drop in the U.S. personal saving rate over the last decade has fueled speculation that Americans are spending recklessly. But alternative measures of personal saving show that households are actually setting aside a larger share of their resources than the official figures suggest. In addition, government saving has risen markedly, leading to an increase in overall domestic saving that has helped finance a surge in U.S. investment.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by Federal Reserve Bank of New York in its journal Current Issues in Economics and Finance.
Volume (Year): 6 (2000)
Issue (Month): Sep ()
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.:
- Alan J. Auerbach, 2000. "Formation of fiscal policy: the experience of the past twenty-five years," Economic Policy Review, Federal Reserve Bank of New York, issue Apr, pages 9-23.
- Matthew Higgins & Thomas Klitgaard, 1998. "Viewing the current account deficit as a capital inflow," Current Issues in Economics and Finance, Federal Reserve Bank of New York, vol. 4(Dec).
- Jonathan A. Parker, 2000.
"Spendthrift in America? On Two Decades of Decline in the U.S. Saving Rate,"
in: NBER Macroeconomics Annual 1999, Volume 14, pages 317-387
National Bureau of Economic Research, Inc.
- Jonathan A. Parker, 1999. "Spendthrift in America? On Two Decades of Decline in the U.S. Saving Rate," NBER Working Papers 7238, National Bureau of Economic Research, Inc.
- Carol Corrado & Charles Steindel, 1980. "Perspectives on personal saving," Federal Reserve Bulletin, Board of Governors of the Federal Reserve System (U.S.), issue Aug, pages 613-626.
- William G. Gale & John Sabelhaus, 1999. "Perspectives on the Household Saving Rate," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 30(1), pages 181-224.
- Seater, John J, 1993. "Ricardian Equivalence," Journal of Economic Literature, American Economic Association, vol. 31(1), pages 142-90, March.
- Barry Bosworth & Susan M. Collins, 2010.
"Rebalancing the US Economy in a Postcrisis World,"
Trade Working Papers
21877, East Asian Bureau of Economic Research.
- Annamaria Lusardi & Jonathan Skinner & Steven F. Venti, 2001.
"Saving Puzzles and Saving Policies in the United States,"
JCPR Working Papers
220, Northwestern University/University of Chicago Joint Center for Poverty Research.
- A Lusardi & J Skinner & S Venti, 2001. "Saving puzzles and saving policies in the United States," Oxford Review of Economic Policy, Oxford University Press, vol. 17(1), pages 95-115, Spring.
- Annamaria Lusardi & Jonathan Skinner & Steven Venti, 2001. "Saving Puzzles and Saving Policies in the United States," NBER Working Papers 8237, National Bureau of Economic Research, Inc.
- Barry Z. Cynamon & Steven M. Fazzari, 2013.
"Inequality and Household Finance during the Consumer Age,"
Economics Working Paper Archive
wp_752, Levy Economics Institute.
- Steven Fazzari & Barry Z. Cynamon, 2013. "Inequality and Household Finance during the Consumer Age," INET Research Notes 23, Institute for New Economic Thinking (INET).
- Michael Walden, 2012. "Will Households Change Their Saving Behaviour After the “Great Recession”? The Role of Human Capital," Journal of Consumer Policy, Springer, vol. 35(2), pages 237-254, June.
- Leonard Nakamura, 2001. "What is the U.S. gross investment in intangibles? (At least) one trillion dollars a year!," Working Papers 01-15, Federal Reserve Bank of Philadelphia.
- Engsted, Tom, 2002.
"Measuring noise in the Permanent Income Hypothesis,"
Journal of Macroeconomics,
Elsevier, vol. 24(3), pages 353-370, September.
- Engsted, Tom, 2000. "Measuring Noise in the Permanent Income Hypothesis," Finance Working Papers 00-8, University of Aarhus, Aarhus School of Business, Department of Business Studies.
- Charles Steindel, 2007. "Household saving and wealth accumulation in the U.S," IFC Bulletins chapters, in: Bank for International Settlements (ed.), Proceedings of the IFC Conference on "Measuring the financial position of the household sector", Basel, 30-31 August 2006 - Volume 1, volume 25, pages 58-70 Bank for International Settlements.
- Scherrer, Christoph, 2001. "New economy: Explosive growth driven by a productivity revolution?," Discussion Papers, Research Unit: Regulation of Work FS II 01-204, Social Science Research Center Berlin (WZB).
- Charles Steindel, 2001. "The effect of tax changes on consumer spending," Current Issues in Economics and Finance, Federal Reserve Bank of New York, vol. 7(Dec).
- Wynne Godley & Alex Izurieta, 2001. "As The Implosion Begins . . .? Prospects and Policies for the U.S. Economy: A Strategic View," Economics Strategic Analysis Archive 01-7, Levy Economics Institute.
- Hubertus Bardt & Michael Groemling, 2004. "Savings in Germany and the United States," CESifo Forum, Ifo Institute for Economic Research at the University of Munich, vol. 5(1), pages 40-47, October.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Amy Farber).
If references are entirely missing, you can add them using this form.