Understanding the postwar decline in United States saving: a cohort analysis

Jagadeesh Gokhale, Laurence Kotlikoff and John Edward Sabelhaus ()

No 9518, Working Papers (Old Series) from Federal Reserve Bank of Cleveland

Abstract: An analysis of the postwar decline in U.S. national saving that decomposes changes in the net national saving rate into those due to changes in cohort-specific consumption propensities, the intergenerational distribution of resources, the rate of government spending, and demographics. ; A review and expansion of Calomiris, Kahn, and Longhofer's (1994) cultural affinity theory of discrimination in the residential mortgage market, which is based on the idea that lenders find it easier or less costly to evaluate the creditworthiness of applicants with whom they have a common experiential background.

Keywords: Saving; and; investment (search for similar items in EconPapers)
Date: 1995
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Citations: View citations in EconPapers (8)

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