[...]As we documented in a longer version of this paper (Triplettand Bosworth forthcoming), labor productivity growth in theservices industries after 1995 was a broad acceleration, not justconfined to one or two industries, as has sometimes beensupposed. Using the 1977-95 period as the base, we...

This paper examines trends in saving and investment in the major OECD countries and discusses some of the major factors, such as income growth and demographic change, that are likely to influence future developments. The paper argues that lower rates of economic growth are likely to reduce both...

Examines the decline in saving in the United States over the past quarter-century. Is it a statistical artifact of the official measure of saving? Why don't Americans save? What are the consequences for economic growth, the performance of the aggregate economy, and policy goals? - Provided by...