Report

Household saving and asset valuations in selected industrialised countries

8 Aug 2006
Description

Over the past decade household saving rates have been falling in some OECD countries, and the declines appear to correlate with large capital gains and rapid financial innovation. This empirical investigation indicates that gains in the valuation of asset holdings have indeed been important as a substitute for traditional household saving in these countries.

Publication Details
Published year only: 
2006
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