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The Rise and Fall of the Future: Why Did National Saving Decline?

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Economics in a Changing World

Part of the book series: International Economic Association Series ((IEA))

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Abstract

Between 1973 and 1987, the rate of saving of households, businesses and governments declined in virtually all 24 OECD countries. For the United States, France, Japan, and the United Kingdom, the drop in national saving amounted to about 5 per cent of GDP. Since 1987, savings rates have recovered somewhat, but as of 1994 remain substantially below their levels in the early 1970s (see Table 9.1 and Figures 9.1 and 9.2).

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Author information

Authors and Affiliations

  1. University of Haifa, Israel

    Sharone L. Maital

  2. Technion-Israel Institute of Technology, Israel

    Shlomo Maital

Authors
  1. Sharone L. Maital
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  2. Shlomo Maital
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Editor information

Editors and Affiliations

  1. Institut d’Études Politique, Paris, France

    Jean-Paul Fitoussi

  2. Observatoire Français des Conjonctures Économiques, and IEA, Paris, France

    Jean-Paul Fitoussi

Copyright information

© 1995 International Economic Association

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Cite this chapter

Maital, S.L., Maital, S. (1995). The Rise and Fall of the Future: Why Did National Saving Decline?. In: Fitoussi, JP. (eds) Economics in a Changing World. International Economic Association Series. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-23953-5_9

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