Synopses & Reviews
Saving rates display great variation across countries and over time. They are also closely related to growth performance. This volume provides a state-of-the-art account of key variables, institutions and policies that determine saving. Drawing from a systematic exploration of the existing literature, the collection summarizes current knowledge about cross-country saving trends, the relation between saving and growth, the impact of financial policies and institutions on saving, the effect of foreign resource inflows on saving, and the links between income distribution and aggregate saving.
Synopsis
This collection provides an up-to date account of the key factors that determine saving. Drawing from the existing literature, the work presents a policy-orientated summary of current knowledge, along with new analytical and empirical findings, about international saving trends, the relation between growth and saving and the effects of financial institutions, foreign inflows and income inequality on saving performance.
Table of Contents
Foreword Joseph Stiglitz; 1. Introduction; 2. Saving in the world: the stylized facts Klaus Schmidt-Hebbel; 3. Saving and growth Luis Serven; 4. Financial policies and saving Angus Deaton; 5. Foreign resource inflows, saving and growth Patrick Honohan; 6. Aggregate saving and income distribution Maurice Obstfeld.