EconPapers    
Economics at your fingertips  
 

Secular Trends in U.S Saving and Consumption

Kaiji Chen (), Ayse Imrohoroglu () and Selahattin Imrohoroglu ()

No 494, Computing in Economics and Finance 2006 from Society for Computational Economics

Abstract: National saving rate in the U.S. has been declining since the 1960s while the share of consumption in output has been increasing. We explore if a standard growth model can explain the secular trends observed in this time period. Our results indicate that the standard neoclassical growth model is able to generate saving rates and consumption that are remarkably similar to the data during 1960-2004. Our quantitative findings identify the growth rate of total factor productivity as the main factor generating the secular trends in the behavior of consumption and saving in the U.S

Keywords: Consumption; Saving (search for similar items in EconPapers)
JEL-codes: E2 (search for similar items in EconPapers)
Date: 2006-07-04
New Economics Papers: this item is included in nep-ets, nep-fmk and nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://repec.org/sce2006/up.8847.1141641232.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:sce:scecfa:494

Access Statistics for this paper

More papers in Computing in Economics and Finance 2006 from Society for Computational Economics Contact information at EDIRC.
Bibliographic data for series maintained by Christopher F. Baum ().

 
Page updated 2020-03-29
Handle: RePEc:sce:scecfa:494