The Measurement of Saving, Investment, and Wealth
Contributors: Tice, Helen Stone
Series: National Bureau of Economic Research Studies in Income and Wealth; Studies in income and wealth
Publisher: University of Chicago Press
Published: 1989
Place of publication: Chicago
Language: eng
Number of pages: 876
ISBN-13: 9780226484716
Subjects: Saving and investment; Wealth
Description: There is probably no concept other than saving for which U.S. official agencies issue annual estimates that differ by more than a third, as they have done for net household saving, or for which reputable scholars claim that the correct measure is close to ten times the officially published one. Yet despite agreement among economists and policymakers on the importance of this measure, huge inconsistencies persist. Contributors to this volume investigate ways to improve aggregate and sectoral saving and investment estimates and analyze microdata from recent household wealth surveys. They provide.
Table of contents: title: The Measurement of Saving, Investment, and Wealth; Contents; Prefatory Note; Introduction; 1. Present NIPA Saving Measures: Their Characteristics and Limitations; 2. Measuring Household Saving: Recent Experience from the Flow-of-Funds Perspective; 3. Flow-of-Funds and National Income and Product Account Savings Estimates in Latin America; 4. Aggregate U.S. Private Saving: Conceptual Measures; 5. The Accumulation of Human and Nonhuman Capital, 1948-84; 6. Government Saving, Capital Formation, and Wealth in the United States, 1947-85.