Why has UK personal saving collapsed?
The UK personal savings ratio has fallen from 13 % in 1981 to 5. 9% in 1987 and to 4.5% in 1988, according to the most recent figures. All the major econometric models for consumption have broken down in the 1980s. The paper considers eight possible explanations of which the following three are empi...
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| Format: | Book section |
| Language: | English |
| Published: |
Credit Suisse
1989
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