Number: RL33112
Title: The Economic Effects of Raising National Saving
Authors: Brian W. Cashell, Government and Finance Division 
Abstract: Raising the share of income saved is a frequent aim of public policy. That may be particularly apparent in debates about the size of the federal budget deficit, but concerns about the low household saving rate have also prompted policymakers to consider ways to encourage individuals to save more. How much individuals save will directly affect their future economic well-being, but from a macroeconomic perspective, the source of saving - be it households, business, or government - makes no difference. This report presents standard economic analysis of the macroeconomic effects of raising saving.
Pages: 9
Date: October 15, 2007