Savings Shifts in America : Trends & Policies
Book Details
Format
Paperback / Softback
ISBN-10
1614703922
ISBN-13
9781614703921
Publisher
Nova Science Publishers Inc
Imprint
Nova Science Publishers Inc
Country of Manufacture
US
Country of Publication
GB
Publication Date
Jan 25th, 2012
Print length
82 Pages
Weight
158 grams
Dimensions
22.60 x 15.60 x 0.60 cms
Product Classification:
Macroeconomics
Ksh 10,450.00
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The amount of money saved has important consequences. Nationally, the amount of saving affects how much can be invested and ultimately the size of the capital stock. Increasing the size of the capital stock is believed to be one way to raise the productivity of the labour force and the economy''s long-term growth rate. Individually, saving is critical to accumulating sufficient wealth to maintain living standards after retirement. The pace of economic growth is likely to be a matter of particular importance in the decades just ahead as the economy confronts the need to effect unprecedented generational transfer of income to pay for the retirement of the baby-boom generation. This book examines how national saving is measured, presents recent estimates of saving rates in the U.S. and provides those of other major industrial countries.
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