What is National Saving?: Alternative Measures in Historical and International Context
AbstractMost discussion of national saving behavior is based on national income account data. This paper lays out some of the main alternative conceptions of saving and to present data comparing recent U.S. saving behavior with its own past and with that of other nations. I argue, in particular, that more attention should be paid to measures of national wealth at asset market values. The main empirical contribution is to pull together data from the national balance sheets on wealth at market value compiled for the United States by the Flow of Funds Division of the Board of Governors of the Federal Reserve System (1989) and by various agencies sources in three other countries for which market value figures could be found: Japan, and Sweden, and the United Kingdom.
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 InfoPaper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 3341.
Date of creation: Apr 1990
Date of revision:
Contact details of provider:
Postal: National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A.
Web page: http://www.nber.org
More information through EDIRC
Other versions of this item:
- Bradford, D.F., 1990. "What Is National Saving?: Alternative Measures In Historical And International Context," Papers 54, Princeton, Woodrow Wilson School - Discussion Paper.
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.:
- Robert E. Lipsey & Helen Stone Tice, 1989. "The Measurement of Saving, Investment, and Wealth," NBER Books, National Bureau of Economic Research, Inc, number lips89-1.
- Fumio Hayashi, 1989. "Is Japan's saving rate high?," Quarterly Review, Federal Reserve Bank of Minneapolis, issue Spr, pages 3-9.
- Robert E. Lipsey & Irving B. Kravis, 1987. "Is the U.S. a Spendthrift Nation?," NBER Working Papers 2274, National Bureau of Economic Research, Inc.
- Bradford, D.F., 1989.
"Market Value Us. Financial Accounting Measures Of National Saving,"
34, Princeton, Woodrow Wilson School - Discussion Paper.
- David F. Bradford, 1993. "Market Value Vs. Financial Accounting Measures of National Saving," NBER Working Papers 2906, National Bureau of Economic Research, Inc.
- Dale Jorgenson & Barbara M. Fraumeni, 1989. "The Accumulation of Human and Nonhuman Capital, 1948-84," NBER Chapters, in: The Measurement of Saving, Investment, and Wealth, pages 227-286 National Bureau of Economic Research, Inc.
- 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 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.
- 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.
- Kaiji Chen & Ayse Imrohoroglu & Selahattin Imrohoroglu, 2006. "Secular Trends in U.S Saving and Consumption," Computing in Economics and Finance 2006 494, Society for Computational Economics.
- Barry P. Bosworth & Ralph C. Bryant & Gary Burtless, 2004. "The Impact of Aging on Financial Markets and the Economy: A Survey," Working Papers, Center for Retirement Research at Boston College 2004-23, Center for Retirement Research.
- Michael Reiter, 1999. "Asset prices and the measurement of wealth and saving," Economics Working Papers 396, Department of Economics and Business, Universitat Pompeu Fabra.
- Roy H. Webb, 1993. "Personal saving behavior and real economic activity," Economic Quarterly, Federal Reserve Bank of Richmond, issue Spr, pages 68-94.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ().
If references are entirely missing, you can add them using this form.