Household Saving in the ‘90s: Evidence From Cross-Section Wealth Surveys
Karen Pence and John Sabelhaus ,
( 45 )
Review of Income and Wealth

This paper uses a series of cross-section surveys to measure how wealth accumulation and active saving rates varied across cohort-groups during the early and mid 1990s. Our estimated rates of saving and wealth change across cohorts show a somewhat more dramatic life-cycle pattern than found in previous studies, in part because we use a new technique, and in part because the cross-section wealth surveys we use oversample the wealthiest families whose behavior dominates aggregate changes.

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