文章基本信息

标题：Savings in Germany and the United States
本地全文：下载
作者：Hubertus Bardt ; Michael Groemling
期刊名称：CESifo Forum
印刷版ISSN：1615-245X
出版年度：2004
期号：01
出版社：Ifo Institute for Economic Research
摘要：Not only did private households in the United States. save less than German households in the 1990s, their savings rate also decreased faster. If, however, public and business savings are taken into account, the dif- ference between both countries’ savings rates seems less significant. Furthermore, the US overall savings rate rose for several years while Germany’s declined constantly. Interest rate developments are partly responsible for the diminishing propensity to save of private households in both countries.A better labour market performance, higher and rising wealth, and success in balancing the public budget weakened the savings efforts in the United States.A rising old-age dependency ratio in Germany reduced the savings of private households. Since the United States are high- ly attractive for international investors, investment there was financed more easily by foreign capital.