search query: @author Brenner, R. / total: 4
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| Author: | Brenner, R. |
| Title: | An overlooked explanation of the declining saving rate |
| Journal: | Empirical Economics
1994 : VOL. 19:4, p. 629-637 |
| Index terms: | SAVINGS ECONOMICS EXCHANGE RATES |
| Language: | eng |
| Abstract: | With a socioeconomic model of the determinants of savings that takes into account variables reflecting the abrupt changes in the divorce rate that occurred during the 1970s and the 1980s in the US, the increase in women's participation in the labour force, and their greater investment in education, the authors explain part of the measured decline in the saving rate. The uncertainty generated by the increased likelihood of divorces encourages households and women, in particular, to substitute human capital to financial or physical capital for precautionary savings. |
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