Saving Viewed from a Cross-National Perspective

Axel Börsch-Supan () and Annamaria Lusardi ()
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Axel Börsch-Supan: Sonderforschungsbereich 504, Postal: L 13, 15, D-68131 Mannheim

No 02-47, Sonderforschungsbereich 504 Publications from Sonderforschungsbereich 504, Universität Mannheim, Sonderforschungsbereich 504, University of Mannheim

Abstract: Household saving is still little understood, and even the basic facts - for instance: How does saving change over the life cycle? Does saving turn negative in old age? - are controversial. This review article adds an international dimension to the many studies of saving. It presents the results of the 'International Savings Comparison Project'. The main focus of this project is the interaction of household saving with public policy, notably the generosity of public pension systems. Our work is very much in the tradition of Feldstein's (1974) seminal study. However, we transpose the inference from time series data to a set of international panel data drawn from six country studies in Germany, Italy, Japan, the Netherlands, the United Kingdom and the United States.

Pages: 39 pages
Date: 2002-06-24
Note: Financial support from the Deutsche Forschungsgemeinschaft, SFB 504, at the University of Mannheim, is gratefully acknowledged.
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