Are we saving enough? The macroeconomics of savings gap
Pomerantz, Olga ; Weale, Martin R.
National Institute Economic Review
2005
191
January
79-93
balance of payments ; comparison ; household income ; retirement ; saving
Austria ; Germany ; Ireland ; Italy ; Netherlands ; Sweden ; Spain ; United Kingdom
Income distribution
English
Bibliogr.
"We assess the adequacy of saving in the United Kingdom from a macroeconomic perspective. We present conditions needed for wealth to grow in line with income and discuss the circumstances in which capital gains can represent a substitute for saving. We show that reference to balance sheets can be misleading because they fail to identify the cost of future consumption. A savings gap of between
Paper
The ETUI is co-funded by the European Union. Views and opinions expressed are however those of the author(s) only and do not necessarily reflect those of the European Union or the ETUI.