| Titre | Peut-on comprendre la hausse imprévue du taux d'épargne des ménages depuis 1990 ? | |
|---|---|---|
| Auteur | Eric Dubois, Xavier Bonnet | |
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Revue | Economie et prévision |
| Numéro | no 121, 1995/5 Comportements des ménages | |
| Rubrique / Thématique | Modélisation de la fonction de consommation macro-économique |
|
| Page | 39-58 | |
| Résumé anglais |
What Is Behind the Unexpected Rise in the Household Savings Rate since 1990?
by Xavier Bonnet and Eric Dubois.
The increase in the household savings rate since 1990 cannot be explained by a traditional consumption equation with income and inflation effects. This paper starts by showing that the absence of empirical breaks in the way in which these variables have formed over the recent period means that this result cannot be empirically justified using the theoretically pertinent Lucas critique. It goes on to look at the theoretically important determining factors behind this savings behaviour (wealth and propensity to spend income differently). Only the growth in prudential saving in a period of rising unemployment and the increased sensitivity of savings to real interest rates in a period of high real interest rates are found to have some justification. Source : Éditeur (via Persée) |
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| Article en ligne | http://www.persee.fr/web/revues/home/prescript/article/ecop_0249-4744_1995_num_121_5_5757 |
