United States : Selected Issues

Publication Date: August 02, 2012
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Summary: This Selected Issues paper for the United States discusses the microeconomics of the country—household wealth and savings. Households’ consumption-saving decisions have an important bearing on the U.S. economic outlook. This paper demonstrates how households with consistently lower income, which have shown growth in the years prior to the crisis, experienced larger declines in their saving rates and a larger rise in their indebtedness before the crisis, contributing significantly to the dynamics of the mean saving rate.
Series: Country Report No. 12/214
Subject(s): Article IV consultation reports | Bankruptcy | Corporate taxes | Housing | Housing prices | Private savings | Production | Revenue measures | Selected issues | Spillovers | Tax reforms | Taxation | Unemployment

Publication Date: August 02, 2012
ISBN/ISSN: 9781475504910/1934-7685 Format: Paper
Stock No: 1USAEA2012002 Pages: 119
US$18.00 (Academic Rate:
US$18.00 )
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