Aizenman, Joshua; Noy, Ilan - School of Economics and Finance, Victoria Business School - 2013
. We know that households that lost access to credit, for example, were forced to adjust and increase saving. But, will … this increased saving persist? We also ask similar questions about the public sector’s saving decisions. We study the … degree to which past income crises increase the saving rates of affected households and the public sector. We find evidence …