Saving and Investment in the Twenty-First Century: The Great Divergence
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Book Overview
The economy of the 21st century in the OECD countries and in China, is characterized by a new phenomenon: the structural surplus of private savings in relation to private investment. This is true even in a situation of prosperity and very low interest rates. On the one hand, this excess saving is due to people's increasing inclination to save in light of rising life expectancy, driven by the desire to have sufficient assets in old age. On the other...
Format:Paperback
Language:English
ISBN:3030750337
ISBN13:9783030750336
Release Date:July 2022
Publisher:Springer
Length:343 Pages
Weight:1.13 lbs.
Dimensions:0.8" x 6.1" x 9.2"
Related Subjects
Business Business & Investing Economics Political Science Politics & Social SciencesCustomer Reviews
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