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来源类型Working Paper
规范类型报告
DOI10.3386/w26941
来源IDWorking Paper 26941
The Saving Glut of the Rich
Atif R. Mian; Ludwig Straub; Amir Sufi
发表日期2020-04-06
出版年2020
语种英语
摘要There has been a large rise in savings by Americans in the top 1% of the income or wealth distribution over the past 40 years, which we call the saving glut of the rich. Instead of financing investment, this saving glut has been associated with dissaving by the non-rich and dissaving by the government. An unveiling of the financial sector reveals that rich households have accumulated substantial financial assets that are direct claims on U.S. government and household debt. State-level analysis shows that the rise in top income shares has been important in generating the rise in savings by the rich.
主题Microeconomics ; Market Structure and Distribution ; Macroeconomics ; Consumption and Investment ; Money and Interest Rates ; Financial Economics
URLhttps://www.nber.org/papers/w26941
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/584614
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Atif R. Mian,Ludwig Straub,Amir Sufi. The Saving Glut of the Rich. 2020.
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