## World Saving

_IMF Working Papers, November 13, 2014_

## Source details

**Canonical URL:** [World Saving](https://www.imf.org/en/publications/wp/issues/2016/12/31/world-saving-42452)

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## Bibliographic details
- Authors: Francesco Grigoli, Alexander Herman, Klaus Schmidt-Hebbel
- Published: November 13, 2014
- Series: IMF Working Papers
- DOI: https://doi.org/10.5089/9781475545517.001

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### Study scope and methodology
- 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:
  - Robustness analysis across different estimation techniques
  - Expanded empirical search to include potential saving determinants identified by theory but not previously considered in empirical literature
  - Analysis that nests the 2008-10 crisis period
  - Comparison across four different country groups
  - Disaggregation across national, private, household, and corporate saving rates

### Key findings and contributions
- 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:
  - This holds across different estimators.
  - This holds for different periods, including the 2008-10 crisis period.
  - This holds across different country groups.
  - This holds across different saving aggregates (national, private, household, corporate).

### Subjects and keywords
- Subject: Consumption, Income, Personal income, Private savings, Terms of trade
- Keywords: household saving, income growth, private saving, saving rate, WP

*Source: IMF Working Paper "World Saving" by Francesco Grigoli, Alexander Herman, Klaus Schmidt-Hebbel, November 13, 2014.*

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_Source: https://www.imf.org/en/publications/wp/issues/2016/12/31/world-saving-42452_