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The Resource Decline in U.S. Personal Saving Rate: Is it Real and Is It a Puzzle?

Decline in U.S. Personal Saving Rate: Is it Real and Is It a Puzzle?

Label
Decline in U.S. Personal Saving Rate: Is it Real and Is It a Puzzle?
Title
Decline in U.S. Personal Saving Rate: Is it Real and Is It a Puzzle?
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Contributor
Author
Subject
Summary
Since the mid-1990s, the national income and product accounts personal saving rate for the United States has been trending down, dropping into negative territory for three months during the past two years. This paper examines measurement problems surrounding two of the standard definitions of the personal saving rate. The authors conclude that, despite these measurement problems, the recent decline of the United States personal saving rate to low levels seems to be a real economic phenomenon and may be a cause for concern for several reasons. After examining several possible explanations for the trend advanced in the recent literature, the authors conclude that none of them provides a compelling explanation for the steep decline and negative levels of the United States personal saving rate
http://library.link/vocab/creatorName
Guidolin, Massimo
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Federal Reserve Bank of St. Louis
Label
Decline in U.S. Personal Saving Rate: Is it Real and Is It a Puzzle?
Instantiates
Publication
Note
21300
Control code
ICPSR21300.v1
Governing access note
Access restricted to subscribing institutions
Label
Decline in U.S. Personal Saving Rate: Is it Real and Is It a Puzzle?
Publication
Note
21300
Control code
ICPSR21300.v1
Governing access note
Access restricted to subscribing institutions

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