Gateway to Think Tanks
来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP203 |
DP203 Savings Behaviour, Fertility and Economic Development in Nineteenth Century Britain and America | |
Paul A Johnson | |
发表日期 | 1987-11-01 |
出版年 | 1987 |
语种 | 英语 |
摘要 | This paper reviews evidence that life-cycle saving became the norm in nineteenth-century America, with a consequent fall in fertility and rise in the rate of capital formation, and considers whether a similar transition to life-cycle saving can be observed in nineteenth-century Britain. Although there is extensive evidence of widespread saving by British workers, most of this saving did not fit a life-cycle pattern. Liquidity constraints forced British workers to borrow, buy on credit, save only for short-run ends, and abstain from long-run accumulation. The paper concludes that some of the apparent difference between the savings behaviour of British and American workers may be the result of a misreading of United States evidence, some may be due to differences in old-age welfare systems, but that the most plausible explanation is that the real income of British workers in this period was substantially below that of their American counterparts. |
关键词 | Britain Life-cycle saving Liquidity constraints Nineteenth century Pension systems United states |
URL | https://cepr.org/publications/dp203 |
来源智库 | Centre for Economic Policy Research (United Kingdom) |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/529359 |
推荐引用方式 GB/T 7714 | Paul A Johnson. DP203 Savings Behaviour, Fertility and Economic Development in Nineteenth Century Britain and America. 1987. |
条目包含的文件 | 条目无相关文件。 |
个性服务 |
推荐该条目 |
保存到收藏夹 |
导出为Endnote文件 |
谷歌学术 |
谷歌学术中相似的文章 |
[Paul A Johnson]的文章 |
百度学术 |
百度学术中相似的文章 |
[Paul A Johnson]的文章 |
必应学术 |
必应学术中相似的文章 |
[Paul A Johnson]的文章 |
相关权益政策 |
暂无数据 |
收藏/分享 |
除非特别说明,本系统中所有内容都受版权保护,并保留所有权利。