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Savings Trends and Measurement Issues


  • Jørgen Elmeskov


  • Jeffrey Shafer


  • Warren Tease



Saving has attracted increasing attention in recent years. Research has focused on questions about its adequacy, determinants and measurement. This paper considers the latter issue. The main trends in world-wide and OECD-area saving over the last two to three decades are reviewed. Subsequently, the appropriateness of the saving concept used in traditional national accounts is discussed. To examine the size of some of the potential problems, a number of adjustments to traditionally measured saving are made. The concluding section raises some questions about appropriate measurement of saving, saving behaviour and policy responses to perceived lack of saving ... Dans les années récentes, une attention croissante s'est portée sur le problème de l'épargne. Les recherches se sont centrées sur les questions de l'adéquation, des déterminants et de la mesure de l'épargne. Les principales évolutions de l'épargne au niveau mondial et dans les pays de l'OCDE au cours des deux ou trois dernières décennies sont examinées. La pertinence du concept d'épargne utilisé en comptabilité nationale traditionnelle est ensuite discutée. Pour étudier l'importance de certains problèmes potentiels, des corrections à la mesure usuelle de l'épargne sont faites. La conclusion soulève certaines questions relatives à la mesure appropriée et au comportement de l'épargne et aux réponses de la politique économique à l'insuffisance perçue de l'épargne ...

Suggested Citation

  • Jørgen Elmeskov & Jeffrey Shafer & Warren Tease, 1991. "Savings Trends and Measurement Issues," OECD Economics Department Working Papers 105, OECD Publishing.
  • Handle: RePEc:oec:ecoaaa:105-en
    DOI: 10.1787/588782015183

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    Cited by:

    1. Palle Andersen & David Gruen, 1995. "Macroeconomic Policies and Growth," RBA Annual Conference Volume (Discontinued), in: Palle Andersen & Jacqueline Dwyer & David Gruen (ed.), Productivity and Growth, Reserve Bank of Australia.

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