In principle, there is little reason people, and countries facing different shocks, and income streams should strive for optimal saving rates. But in practice, the inter-temporal choices that underlie saving, are subject to externalities, market failures, and policy distortions, that can cause saving rates to differ from welfare-maximizing levels. The social value of saving could also exceed its private value, because of imperfections in global financial...
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INFORMATION
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1999/08/30
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Fiche
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26711
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1
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1
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2010/07/01
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Disclosed
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Saving - what do we know, and why do we care?
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private saving rate
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