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Is saving too low in the United States?


  • William E. Cullison


Many observers contend that the U.S. savings rate has declined in recent years and that it lags behind the savings rates of our trading partners. This article surveys different methods of measuring savings (and problems with these methods) and finds that U.S. saving may not be as low as is popularly believed.

Suggested Citation

  • William E. Cullison, 1990. "Is saving too low in the United States?," Economic Review, Federal Reserve Bank of Richmond, issue May, pages 20-35.
  • Handle: RePEc:fip:fedrer:y:1990:i:may:p:20-35:n:v.76no.3

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    References listed on IDEAS

    1. Michael J. Boskin & Marc Robinson & Alan Huber, 1989. "Government Saving, Capital Formation, and Wealth in the United States, 1947-85," NBER Chapters,in: The Measurement of Saving, Investment, and Wealth, pages 287-356 National Bureau of Economic Research, Inc.
    2. David Alan Aschauer, 1989. "Public investment and productivity growth in the Group of Seven," Economic Perspectives, Federal Reserve Bank of Chicago, issue Sep, pages 17-25.
    3. Robert N. McCauley & Steven A. Zimmer, 1989. "Explaining international differences in the cost of capital," Quarterly Review, Federal Reserve Bank of New York, issue Sum, pages 7-28.
    4. Mincer, Jacob & Higuchi, Yoshio, 1988. "Wage structures and labor turnover in the United States and Japan," Journal of the Japanese and International Economies, Elsevier, vol. 2(2), pages 97-133, June.
    5. Robert E. Lipsey & Irving B. Kravis, 1987. "Is the U.S. a Spendthrift Nation?," NBER Working Papers 2274, National Bureau of Economic Research, Inc.
    6. John A. Tatom, 1989. "U.S. investment in the 1980s: the real story," Review, Federal Reserve Bank of St. Louis, issue Mar, pages 3-15.
    7. 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.
    8. Abramovitz, Moses, 1990. "The Catch-Up Factor in Postwar Economic Growth," Economic Inquiry, Western Economic Association International, vol. 28(1), pages 1-18, January.
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    Cited by:

    1. William E. Cullison, 1990. "Measures of saving as indicators of economic growth," Working Paper 90-09, Federal Reserve Bank of Richmond.
    2. Keith M. Carlson, 1991. "The U.S. balance sheet: what is it and what does it tell us?," Review, Federal Reserve Bank of St. Louis, issue Sep, pages 3-18.

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    Saving and investment ; Consumer behavior;


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