The authors empirically review and analyze the link between income distribution and aggregate savings. Recent research has focused on the impact of income inequality and growth. Less attention has been paid to the link between inequality and savings. Once the conventional representative-agent framework is abandoned, consumption theory brings out channels through which income inequality can affect aggregate saving. The authors present new econometric...
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INFORMATION
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1996/01/31
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Document de travail de recherche sur les politiques
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WPS1561
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1
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1
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2010/07/01
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Income inequality and aggregate saving : the cross-country evidence
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rate of return on saving
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