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Saving Trends and Behaviour in OECD Countries


  • Andrew Dean


  • Martine Durand


  • John Fallon


  • Peter Hoeller



National saving ratios are generally lower now than in the 1960s or 1970s. This paper first reviews developments in national and international saving and investment trends in OECD countries since the 1960s. It then examines sectoral saving trends and considers the links between them. There are seen to be important offsets between government and private sector saving and, within the latter, between the business sector and households, so that national and private saving rates tend to be more stable than their component parts. The paper looks in particular at the reasons lying behind the volatile behaviour of household saving in certain countries in recent years ... Les niveaux des taux d'épargne nationaux sont généralement plus bas aujourd'hui que dans les années 60 et 70. Cet article présente les évolutions de l'épargne et de l'investissement dans les pays de l'OCDE depuis les années 60. Il examine ensuite les tendances des taux d'épargne dans les différents secteurs de l'économie et les relations entre les évolutions de ces divers taux. En particulier, il apparait qu'il existe des compensations entre l'épargne publique et l'épargne privée et au sein de l'épargne privée entre l'épargne des entreprises et celle des ménages. Ainsi, les taux d'épargne nationaux et privés ont tendance à être plus stable que leurs composantes. Cet article examine en outre les facteurs explicatifs de l'évolution particulière de l'épargne des ménages dans un certain nombre de pays au cours des dernières années ...

Suggested Citation

  • Andrew Dean & Martine Durand & John Fallon & Peter Hoeller, 1989. "Saving Trends and Behaviour in OECD Countries," OECD Economics Department Working Papers 67, OECD Publishing.
  • Handle: RePEc:oec:ecoaaa:67-en

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    References listed on IDEAS

    1. Dan Andrews & Federico Cingano, 2014. "Public policy and resource allocation: evidence from firms in OECD countries," Economic Policy, CEPR;CES;MSH, vol. 29(78), pages 253-296, April.
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    6. Ben Westmore, 2013. "R&D, Patenting and Growth: The Role of Public Policy," OECD Economics Department Working Papers 1047, OECD Publishing.
    7. Gilbert Cette & Jimmy Lopez & Jacques Mairesse, 2016. "Product and Labour Market Regulations, Production Prices, Wages and Productivity," Review of Economics and Institutions, Università di Perugia, vol. 7(2).
    8. Kevin J. Fox & Gilbert Cette & Jimmy Lopez & Jacques Mairesse, 2017. "Upstream Product Market Regulations, ICT, R&D and Productivity," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 63, pages 68-89, February.
    9. Roman Horváth, 2011. "Research & Development and Long-Term Economic Growth: A Bayesian Model Averaging Analysis," Working Papers IES 2011/19, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, revised Jun 2011.
    10. Kao, Chihwa, 1999. "Spurious regression and residual-based tests for cointegration in panel data," Journal of Econometrics, Elsevier, vol. 90(1), pages 1-44, May.
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    12. Peter Gal & Adam Theising, 2015. "The macroeconomic impact of structural policies on labour market outcomes in OECD countries: A reassessment," OECD Economics Department Working Papers 1271, OECD Publishing.
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    Cited by:

    1. Kai Guo & Papa M N'Diaye, 2010. "Determinants of China’s Private Consumption; An International Perspective," IMF Working Papers 10/93, International Monetary Fund.
    2. Iris Claus & Grant Scobie, 2002. "Saving in New Zealand: Measurement and Trends," Treasury Working Paper Series 02/02, New Zealand Treasury.
    3. Hamid Faruqee & Aasim M. Husain, 1995. "Saving Trends in Southeast Asia; A Cross-Country Analysis," IMF Working Papers 95/39, International Monetary Fund.
    4. Joint Working Group, Government officials and ISI, 1999. "Saving Rates and Portfolio Allocation in New Zealand Joint Working Group Government Officials and ISI," Treasury Working Paper Series 99/09, New Zealand Treasury.
    5. Vitols, Sigurt, 1995. "Financial systems and industrial policy in Germany and Great Britain: the limits of convergence," Discussion Papers, Research Unit: Economic Change and Employment FS I 95-311, Social Science Research Center Berlin (WZB).
    6. W. Krelle & M. Badke & F. Schneider & J. Brunner & R. Vaubel & J. Melitz & C. Schmidt & A. Jaeger & D. Elixmann, 1991. "Book reviews," Journal of Economics, Springer, vol. 53(1), pages 95-127, February.
    7. Siebert, Horst, 1993. "German unification and its impact on net savings," Kiel Discussion Papers 216, Kiel Institute for the World Economy (IfW).
    8. Cheng K. Wu, 1997. "New Result in Theory of Consumption: Changes in Savings and Income Growth," Macroeconomics 9706007, EconWPA.

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