{
  "title": "World Saving",
  "publication": "IMF Working Papers, November 13, 2014",
  "sourceUrl": "https://www.imf.org/en/publications/wp/issues/2016/12/31/world-saving-42452",
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  "summary": "This paper presents new evidence on the behavior of saving in the world, by extending previous empirical research in five dimensions. First, it is based on a very large and recent database, covering 165 countries from 1981 to 2012.",
  "sections": [
    {
      "heading": "Study scope and methodology",
      "content": "- Authors: Francesco Grigoli, Alexander Herman, Klaus Schmidt-Hebbel\n- Publication date: November 13, 2014\n- Series: Working Paper No. 2014/204, Issue: 204, Volume: 2014, Pages: 55\n- DOI: https://doi.org/10.5089/9781475545517.001\n- Stock No: WPIEA2014204; ISBN: 9781475545517; ISSN: 1018-5941\n- Database coverage: 165 countries from 1981 to 2012\n- Methodological features:\n  - Robustness analysis across different estimation techniques\n  - Expanded empirical search to include potential saving determinants identified by theory but not previously considered in empirical literature\n  - Analysis that nests the 2008-10 crisis period\n  - Comparison across four different country groups\n  - Disaggregation across national, private, household, and corporate saving rates"
    },
    {
      "heading": "Key findings and contributions",
      "content": "- The paper confirms in part existing research on saving behavior.\n- It sheds light on some ambiguous or contradictory findings from prior literature.\n- It highlights the role of previously neglected determinants of saving.\n- Compared to the literature, the paper finds a larger number of significant determinants of saving rates:\n  - This holds across different estimators.\n  - This holds for different periods, including the 2008-10 crisis period.\n  - This holds across different country groups.\n  - This holds across different saving aggregates (national, private, household, corporate)."
    },
    {
      "heading": "Subjects and keywords",
      "content": "- Subject: Consumption, Income, Personal income, Private savings, Terms of trade\n- Keywords: household saving, income growth, private saving, saving rate, WP\n\nSource: IMF Working Paper \"World Saving\" by Francesco Grigoli, Alexander Herman, Klaus Schmidt-Hebbel, November 13, 2014.\n\n---\n\n Content in this bundle\n\n- wp14204\n  - wp14204 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - wp14204 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/wp/issues/2016/12/31/world-saving-42452"
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    "Authors: Francesco Grigoli, Alexander Herman, Klaus Schmidt-Hebbel",
    "Published: November 13, 2014",
    "Series: IMF Working Papers",
    "DOI: https://doi.org/10.5089/9781475545517.001",
    "Authors: Francesco Grigoli, Alexander Herman, Klaus Schmidt-Hebbel",
    "Publication date: November 13, 2014",
    "Series: Working Paper No. 2014/204, Issue: 204, Volume: 2014, Pages: 55",
    "DOI: https://doi.org/10.5089/9781475545517.001",
    "Stock No: WPIEA2014204; ISBN: 9781475545517; ISSN: 1018-5941",
    "Database coverage: 165 countries from 1981 to 2012",
    "Methodological features:",
    "The paper confirms in part existing research on saving behavior.",
    "It sheds light on some ambiguous or contradictory findings from prior literature.",
    "It highlights the role of previously neglected determinants of saving.",
    "Compared to the literature, the paper finds a larger number of significant determinants of saving rates:",
    "Subject: Consumption, Income, Personal income, Private savings, Terms of trade",
    "Keywords: household saving, income growth, private saving, saving rate, WP",
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