The role of household saving in the modern economy

Authors

  • J. STEINDL

DOI:

https://doi.org/10.13133/2037-3643/10743

Keywords:

Household savings, business profits, government deficits, employment

Abstract

The work considers the role of household saving in the modern industrial economy. It is argued that an increased saving of households depresses business profits and leads to government deficits. From the point of view of full employment policy household savings are more troublesome than business savings because, unlike the latter, they do not stimulate investment decisions. In light of this the question of functional distribution ceases to be the only matter of concern, and the question of the inequality of personal incomes moves to the foreground. Thus the consideration of the trend of household saving may involve a certain shift in attitudes of economists interested in full employment.

 

JEL: E21, H31, O16

Downloads

Published

2013-10-11

How to Cite

STEINDL, J. (2013). The role of household saving in the modern economy. PSL Quarterly Review, 35(140). https://doi.org/10.13133/2037-3643/10743

Issue

Vol. 35 No. 140 (1982)

Section

Editorial

License

 
 
Licenza Creative Commons
 
All material in this website and every article published by the Review are licensed under a Creative Commons Attribution - Non commercial - No derivates 4.0 International license.
The authors who publish on this journal maintain all rights on their works without any restrictions.