Laurence J. Kotlikoff (Professor of Economics, Boston University)
What determines savings? The question is timely and important. The U.S. saving rate is less than half that of Japan, Germany, and other developed countries, and the imbalance in saving rates across countries is responsible, in large part for the imbalance in international trade. This book examines a number of important determinants of wealth accumulation, including retirement bequests, and precautionary saving motives, demographics, the tax structure, social security, and insurance institutions. Using a blend of theory, empirical research and simulation methods, it reaches some surprising...
What determines savings? The question is timely and important. The U.S. saving rate is less than half that of Japan, Germany, and other developed c...
