| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP17215 |
| DP17215 The Anatomy of the Global Saving Glut | |
| Luis Buluz; Filip Novokmet; Moritz Schularick | |
| 发表日期 | 2022-04-13 |
| 出版年 | 2022 |
| 语种 | 英语 |
| 摘要 | This paper provides a household-level perspective on the rise of global saving and wealth since the 1980s. We calculate asset-specific saving flows and capital gains across the wealth distribution for the G3 economies – the U.S., Europe, and China. In the past four decades, global saving inequality has risen sharply. The share of household saving flows coming from the richest 10% of household increased by 60% while saving of middle class households has fallen sharply. The most important source for the surge in top-10% saving was the secular rise of global corporate saving whose ultimate owners the rich households are. Housing capital gains have supported wealth growth for middle-class households despite falling saving and rising debt. Without meaningful capital gains in risky assets, the wealth share of the bottom half of the population declined substantially in most G3 economies. |
| 主题 | Economic History ; International Macroeconomics and Finance ; Macroeconomics and Growth |
| 关键词 | Income and wealth inequality Saving Household portfolios Historical micro data |
| URL | https://cepr.org/publications/dp17215 |
| 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/546214 |
| 推荐引用方式 GB/T 7714 | Luis Buluz,Filip Novokmet,Moritz Schularick. DP17215 The Anatomy of the Global Saving Glut. 2022. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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