collapse of personal saving in the U.S. over the last few decades. Using a calibrated, general equilibrium life-cycle model … the social security tax rate (as in the U.S. over the last half century) produces a modest decline in the personal saving …

The personal saving rate spiked up to an unusually high level in 2008 and spring 2009, prompting many observers to … place. There are many reasons for personal saving to have surged recently, however, and most of them are very temporary …, especially the Obama tax cut, so it is not likely that the personal saving rate will persist at a higher level. Betting on …

collapse of personal saving in the U.S. over the last few decades. Using a calibrated, general equilibrium life-cycle model … the social security tax rate (as in the U.S. over the last half century) produces a modest decline in the personal saving …