ANALYSIS OF HOUSEHOLD SAVING: PAST,PRESENT, AND FURTURE* |
| |
Authors: | FUMIO HAYASHI |
| |
Abstract: | The first part of this paper gives a very brief and selective review of theoretical and empirical research on household consumption and saving over the last fifty years. It is argued that the recent accumulation of stylized facts about individual households calls for further development of theory. The second part reviews a model that has a potential for explanining those stylized facts. |
| |
Keywords: | |
|
|