Items related to What Determines Savings?
Synopsis
What determines savings? The question is timely and important. The U.S. saving rate is less than half that of Japan, Germany, and other developed countries, and the imbalance in saving rates across countries is responsible, in large part for the imbalance in international trade. This book examines a number of important determinants of wealth accumulation, including retirement bequests, and precautionary saving motives, demographics, the tax structure, social security, and insurance institutions. Using a blend of theory, empirical research and simulation methods, it reaches some surprising conclusions about what determines savings.
Kotlikoff notes that most of U.S. wealth is due not to life cycle saving for retirement but rather to bequests and other intergenerational transfers. The process of passing wealth from one generation to the next may be explained, in large part, because of imperfect annuity arrangements.
In addition to life span uncertainty, the author points out other types of uncertainty such as uncertainty about future medical expenditures can greatly stimulate saving. Fiscal policies, such as unfunded social security, can dramatically alter a country's wealth, although the process can take many years. Unfortunately, Kotlikoff observes, official fiscal deficits are intrinsically unreliable for measuring the government's stance of fiscal policy. He also concludes that the baby busts currently underway in the United States, Europe, and Japan are likely to improve overall economic welfare despite their detrimental impacts on social security systems
Laurence J. Kotlikoff is Professor of Economics at Boston University and a Research Associate of the National Bureau of Economic Research.
"synopsis" may belong to another edition of this title.
About the Author
Laurence J. Kotlikoff, one of the nation's leading experts on fiscal policy, national saving, and personal finance and a columnist for Bloomberg, is Professor of Economics at Boston University. His writings and views appear in Forbes, the Economist, the Financial Times, the Wall Street Journal, the New York Times, and other leading media outlets.
"About this title" may belong to another edition of this title.
- PublisherMit Pr
- Publication date1989
- ISBN 10 0262111373
- ISBN 13 9780262111379
- BindingHardcover
- Number of pages553
Buy New
Learn more about this copy
US$ 97.55
Shipping:
FREE
Within U.S.A.
Top Search Results from the AbeBooks Marketplace
Stock Image
What Determines Savings?
Seller: Better World Books, Mishawaka, IN, U.S.A.
Seller rating 5 out of 5 stars
Condition: Good. Former library book; may include library markings. Used book that is in clean, average condition without any missing pages. Seller Inventory # 11330452-6
Quantity: 1 available
Stock Image
What Determines Savings?
Seller: NEPO UG, Rüsselsheim am Main, Germany
Seller rating 5 out of 5 stars
Gebundene Ausgabe. Condition: Sehr gut. 553 Seiten ex LIbrary Book / aus einer wissenschaftlichen Bibliothek / Sprache: Englisch Gewicht in Gramm: 469. Seller Inventory # 242186
Quantity: 1 available
Stock Image
What Determines Savings?
Seller: Reuseabook, Gloucester, GLOS, United Kingdom
Seller rating 5 out of 5 stars
Hardcover. Condition: Used; Good. Dispatched, from the UK, within 48 hours of ordering. This book is in good condition but will show signs of previous ownership. Please expect some creasing to the spine and/or minor damage to the cover. Grubby book may have mild dirt or some staining, mostly on the edges of pages. Missing jacket. The dust jacket of the book is missing. Inscription on the first page, typically just a name but may include a dedication or a brief personal message. Seller Inventory # CHL9358264
Quantity: 1 available
Stock Image
What Determines Savings?
Seller: Solr Books, Skokie, IL, U.S.A.
Seller rating 5 out of 5 stars
Hardcover. Condition: Good. faded dust jacket, minor shelf wear. Seller Inventory # 5D4000009RYH_ns
Quantity: 1 available
Stock Image
What determines savings? Ex-Library.
Published by
MIT Press, Cambridge, Mass. & London, 1989
ISBN 10: 0262111373
ISBN 13: 9780262111379
Used
Hardcover
Seller: Yushodo Co., Ltd., Fuefuki-shi, Yamanashi Pref., Japan
Seller rating 5 out of 5 stars
Hardcover. Condition: Good. Dust Jacket Condition: No Dust Jacket. None. xvi, 533 p. Seller Inventory # GU2882
Quantity: 1 available
Stock Image
What Determines Savings?
Seller: DeckleEdge LLC, Albuquerque, NM, U.S.A.
Seller rating 4 out of 5 stars
Condition: New. Seller Inventory # Shelfdream0262111373
Quantity: 1 available
Stock Image
What determines savings?
Seller: Kloof Booksellers & Scientia Verlag, Amsterdam, Netherlands
Seller rating 4 out of 5 stars
Condition: as new. Cambridge : The MIT Press, c1989. Hardcover. Dustjacket. xix,533 pp. Condition : as new copy. ISBN 9780262111379. Keywords : , Seller Inventory # 235743
Quantity: 1 available