Matches in SemOpenAlex for { <https://semopenalex.org/work/W2069384486> ?p ?o ?g. }
Showing items 1 to 91 of
91
with 100 items per page.
- W2069384486 abstract "We evaluate official saving rate measures in light of the recent decline of NIPA personal saving to effectively zero. We find, like others, that official saving measures are not representative of basic economic concepts, and that various adjusted measures of saving have moved in markedly different directions over the past two decades.In particular, although NIPA personal saving declined from about 5 percent of GDP in the 1970s and 1980s to less than 0.5 percent in 1998, a measure that adjusts personal saving for durables, retirement accounts, inflation, and tax accruals, and integrates personal and business saving fell from about 9 percent of GDP in the 1970s and 1980s to 7 percent in 1998. Using this measure, which we would claim is closer to an economic concept of saving, the decline is much smaller, and the current level of saving is much higher, than under the conventional measure. Adjusted Flow of Funds saving data show a similar decline. They also show that borrowing is not significantly out of line with prior years, and that the vast portion of the decline is concentrated in net acquisitions of non-retirement assets.Adding capital gains fundamentally changes recent trends. With all capital gains included, the adjusted household saving rate is the highest in at least the last forty years, despite the personal saving rate being zero. However, it remains controversial whether it is appropriate to include capital gains in general, and the recent capital gains in particular, in saving.Our findings suggest that, in principle, all discussions of whether saving has risen or fallen, and by how much, need to be qualified by the concept and measure of saving employed. In practice, this distinction appears to be particularly crucial when considering data over the recent past." @default.
- W2069384486 created "2016-06-24" @default.
- W2069384486 creator A5041013314 @default.
- W2069384486 creator A5060268328 @default.
- W2069384486 date "1999-05-01" @default.
- W2069384486 modified "2023-10-02" @default.
- W2069384486 title "Perspectives on the Household Saving Rate" @default.
- W2069384486 cites W1488527831 @default.
- W2069384486 cites W1535102670 @default.
- W2069384486 cites W1553143760 @default.
- W2069384486 cites W1595385397 @default.
- W2069384486 cites W1596819899 @default.
- W2069384486 cites W1993188563 @default.
- W2069384486 cites W2021562986 @default.
- W2069384486 cites W2046604788 @default.
- W2069384486 cites W2060243376 @default.
- W2069384486 cites W2087184482 @default.
- W2069384486 cites W2105231644 @default.
- W2069384486 cites W2287460664 @default.
- W2069384486 cites W3121171036 @default.
- W2069384486 cites W3121220310 @default.
- W2069384486 cites W3121227072 @default.
- W2069384486 cites W3121622816 @default.
- W2069384486 cites W3123260203 @default.
- W2069384486 cites W3123634900 @default.
- W2069384486 cites W3124286848 @default.
- W2069384486 hasPublicationYear "1999" @default.
- W2069384486 type Work @default.
- W2069384486 sameAs 2069384486 @default.
- W2069384486 citedByCount "19" @default.
- W2069384486 countsByYear W20693844862013 @default.
- W2069384486 crossrefType "posted-content" @default.
- W2069384486 hasAuthorship W2069384486A5041013314 @default.
- W2069384486 hasAuthorship W2069384486A5060268328 @default.
- W2069384486 hasConcept C10138342 @default.
- W2069384486 hasConcept C103565092 @default.
- W2069384486 hasConcept C121332964 @default.
- W2069384486 hasConcept C139719470 @default.
- W2069384486 hasConcept C145236788 @default.
- W2069384486 hasConcept C162324750 @default.
- W2069384486 hasConcept C166957645 @default.
- W2069384486 hasConcept C200941418 @default.
- W2069384486 hasConcept C2778566306 @default.
- W2069384486 hasConcept C2781426361 @default.
- W2069384486 hasConcept C33332235 @default.
- W2069384486 hasConcept C4577558 @default.
- W2069384486 hasConcept C556758197 @default.
- W2069384486 hasConcept C83646750 @default.
- W2069384486 hasConcept C95457728 @default.
- W2069384486 hasConceptScore W2069384486C10138342 @default.
- W2069384486 hasConceptScore W2069384486C103565092 @default.
- W2069384486 hasConceptScore W2069384486C121332964 @default.
- W2069384486 hasConceptScore W2069384486C139719470 @default.
- W2069384486 hasConceptScore W2069384486C145236788 @default.
- W2069384486 hasConceptScore W2069384486C162324750 @default.
- W2069384486 hasConceptScore W2069384486C166957645 @default.
- W2069384486 hasConceptScore W2069384486C200941418 @default.
- W2069384486 hasConceptScore W2069384486C2778566306 @default.
- W2069384486 hasConceptScore W2069384486C2781426361 @default.
- W2069384486 hasConceptScore W2069384486C33332235 @default.
- W2069384486 hasConceptScore W2069384486C4577558 @default.
- W2069384486 hasConceptScore W2069384486C556758197 @default.
- W2069384486 hasConceptScore W2069384486C83646750 @default.
- W2069384486 hasConceptScore W2069384486C95457728 @default.
- W2069384486 hasLocation W20693844861 @default.
- W2069384486 hasOpenAccess W2069384486 @default.
- W2069384486 hasPrimaryLocation W20693844861 @default.
- W2069384486 hasRelatedWork W1548665856 @default.
- W2069384486 hasRelatedWork W1601417124 @default.
- W2069384486 hasRelatedWork W2023216054 @default.
- W2069384486 hasRelatedWork W2053771537 @default.
- W2069384486 hasRelatedWork W2058575191 @default.
- W2069384486 hasRelatedWork W2075855709 @default.
- W2069384486 hasRelatedWork W2099450029 @default.
- W2069384486 hasRelatedWork W2105231644 @default.
- W2069384486 hasRelatedWork W2134752590 @default.
- W2069384486 hasRelatedWork W2172024042 @default.
- W2069384486 hasRelatedWork W2188106486 @default.
- W2069384486 hasRelatedWork W2795088332 @default.
- W2069384486 hasRelatedWork W2891377091 @default.
- W2069384486 hasRelatedWork W2958997977 @default.
- W2069384486 hasRelatedWork W3122297251 @default.
- W2069384486 hasRelatedWork W3123440486 @default.
- W2069384486 hasRelatedWork W3125634460 @default.
- W2069384486 hasRelatedWork W3125758206 @default.
- W2069384486 hasRelatedWork W2149099979 @default.
- W2069384486 hasRelatedWork W215451159 @default.
- W2069384486 isParatext "false" @default.
- W2069384486 isRetracted "false" @default.
- W2069384486 magId "2069384486" @default.
- W2069384486 workType "article" @default.