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Saving Viewed from a Cross-National Perspective

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  • Börsch-Supan, Axel

    () (Sonderforschungsbereich 504)

  • Lusardi, Annamaria

    (Dartmouth College)

Abstract

Household saving is still little understood, and even the basic facts - for instance: How does saving change over the life cycle? Does saving turn negative in old age? - are controversial. This review article adds an international dimension to the many studies of saving. It presents the results of the 'International Savings Comparison Project'. The main focus of this project is the interaction of household saving with public policy, notably the generosity of public pension systems. Our work is very much in the tradition of Feldstein's (1974) seminal study. However, we transpose the inference from time series data to a set of international panel data drawn from six country studies in Germany, Italy, Japan, the Netherlands, the United Kingdom and the United States.

Suggested Citation

  • Börsch-Supan, Axel & Lusardi, Annamaria, 2002. "Saving Viewed from a Cross-National Perspective," Sonderforschungsbereich 504 Publications 02-47, Sonderforschungsbereich 504, Universität Mannheim;Sonderforschungsbereich 504, University of Mannheim.
  • Handle: RePEc:xrs:sfbmaa:02-47
    Note: Financial support from the Deutsche Forschungsgemeinschaft, SFB 504, at the University of Mannheim, is gratefully acknowledged.
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    Cited by:

    1. Elsa Fornero & Annamaria Lusardi & Chiara Monticone, 2009. "Adequacy of Saving for Old Age in Europe," CeRP Working Papers 87, Center for Research on Pensions and Welfare Policies, Turin (Italy).

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