Determinants of household saving in the G-7 countries: recent evidence |
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| Authors: | Richard A. Cohn Bharat R. Kolluri |
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| Affiliation: | Department of Economics, Finance and Insurance, Barney School of Business, University of Hartford, West Hartford, CT, USA 06117 |
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| Abstract: | This paper employs data from the last four decades to analyse major determinants of household saving for the Group of Seven (G-7) nations. Particular attention is paid to the effects of interest rates, government saving, and social security contributions. Regression analysis is used to control for the effects of both the level and changes in income per capita and inflation. |
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