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Measuring Personal Savings, Consumption, and Disposable Income in Canada

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  • Marcel G. Dagenais

Abstract

This paper highlights the fact that more adequate measurement of personal savings as well as a consumption and disposable income in Canada yields a totally different picture from that projected by the National Accounts (NIEA). The author measures of consumption excludes purchases of durables but includes their depreciation. Savings are measured as the change in the net real market value of the end-of-year balance sheet. While, according to the NIEA, the savings/income ratio reached 15 percent in 1981, their measure suggests that this ratio was negative and amounted to -10.5 percent! In conclusion, possible implications of the mismeasurement of savings on economic policy decisions are considered.

Suggested Citation

  • Marcel G. Dagenais, 1992. "Measuring Personal Savings, Consumption, and Disposable Income in Canada," Canadian Journal of Economics, Canadian Economics Association, vol. 25(3), pages 681-707, August.
  • Handle: RePEc:cje:issued:v:25:y:1992:i:3:p:681-707
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    Cited by:

    1. Bérubé, Gilles & Côté, Denise, 2000. "Long-Term Determinants of the Personal Savings Rate: Literature Review and Some Empirical Results for Canada," Staff Working Papers 00-3, Bank of Canada.
    2. Dagenais, Marcel G. & Dagenais, Denyse L., 1997. "Higher moment estimators for linear regression models with errors in the variables," Journal of Econometrics, Elsevier, vol. 76(1-2), pages 193-221.
    3. John Burbidge & James B. Davies, 1994. "Household Data on Saving Behavior in Canada," NBER Chapters,in: International Comparisons of Household Saving, pages 11-56 National Bureau of Economic Research, Inc.
    4. John Burbidge & James B. Davies, 1994. "Government Incentives and Household Saving in Canada," NBER Chapters,in: Public Policies and Household Savings, pages 19-56 National Bureau of Economic Research, Inc.

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