English, Article, Journal or magazine article edition: Secular Movements in U.S. Saving and Consumption Kaiji Chen; Ayse Imrohoroglu; Selahattin Imrohoroglu

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Bookmark: http://trove.nla.gov.au/version/30543
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Secular Movements in U.S. Saving and Consumption
Author
  • Kaiji Chen
  • Ayse Imrohoroglu
  • Selahattin Imrohoroglu
Physical Description
  • preprint
Notes
  • The U.S. national saving rate 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 movements observed in this time period. Our quantitative findings 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
  • U.S. consumption, saving, TFP
  • RePEc:red:sed006:154
Language
  • English
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