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What's behind the low U.S. personal saving rate?


  • Milton H. Marquis


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Suggested Citation

  • Milton H. Marquis, 2002. "What's behind the low U.S. personal saving rate?," FRBSF Economic Letter, Federal Reserve Bank of San Francisco, issue mar29.
  • Handle: RePEc:fip:fedfel:y:2002:i:mar29:n:2002-09

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    References listed on IDEAS

    1. Jonathan A. Parker, 2000. "Spendthrift in America? On Two Decades of Decline in the U.S. Saving Rate," NBER Chapters,in: NBER Macroeconomics Annual 1999, Volume 14, pages 317-387 National Bureau of Economic Research, Inc.
    2. 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.
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    Cited by:

    1. Bunting, David, 2009. "The saving decline: Macro-facts, micro-behavior," Journal of Economic Behavior & Organization, Elsevier, vol. 70(1-2), pages 282-295, May.
    2. Patti Fisher & Catherine Montalto, 2011. "Loss Aversion and Saving Behavior: Evidence from the 2007 U.S. Survey of Consumer Finances," Journal of Family and Economic Issues, Springer, vol. 32(1), pages 4-14, March.
    3. Sverre Herstad, 2011. "Paradigms, Regimes and the Shifting Notions of Institutional Best Practice," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 2(2), pages 173-191, June.
    4. Gary Burtless, 2004. "The Age Profile of Income and the Burden of Unfunded Transfers in Four Countries: Evidence from the Luxembourg Income Study," LIS Working papers 394, LIS Cross-National Data Center in Luxembourg.
    5. Riccardo Fiorentini, 2011. "Global Imbalances, the International Crisis and the Role of the Dollar," Working Papers 18/2011, University of Verona, Department of Economics.
    6. John Krainer, 2002. "House price dynamics and the business cycle," FRBSF Economic Letter, Federal Reserve Bank of San Francisco, issue may3.

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    Saving and investment ; Wealth;


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