IDEAS home Printed from
MyIDEAS: Log in (now much improved!) to save this paper

Household Saving: An Econometric Investigation

Listed author(s):
  • Patric H. Hendershott
  • Joe Peek

Household or personal saving is recomputed to include net purchases of consumer durables, net contributions to government life insurance and pension reserves, and an adjustment for the inflation premium component in interest income. These adjustments raise the measured household saving rate by nearly 5 percentage points in the 1965-75 period but result in an extremely sharp 7 percentage point decline in the rate between 1975 and the early 1980s. A model of household saving behavior is then presented and estimated using annual data from the 1952-82 period. While saving responds to numerous influences, major swings in the adjusted saving rate -- a significant decline in the 1950s and rebound in the early 1960s, as well as the decline since 1975 -- are largely explained by two variables: the wealth/income ratio and the growth rate of real income.

If 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.

File URL:
Download Restriction: no

Paper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 1383.

in new window

Date of creation: Jun 1984
Publication status: published as Hendershott, Patric H. and Joe Peek. "Household Saving: An Econometric Investigation." From The Level and Composition of Household Saving, editedby Patric H. Hendershott, pp. 63-100. Cambridge, MA: Ballinger Publishing Co., 1985.
Handle: RePEc:nbr:nberwo:1383
Note: PE
Contact details of provider: Postal:
National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A.

Phone: 617-868-3900
Web page:

More information through EDIRC

No references listed on IDEAS
You can help add them by filling out this form.

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

When requesting a correction, please mention this item's handle: RePEc:nbr:nberwo:1383. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ()

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.