Saving Across the World: Puzzles and Policies

Klaus Schmidt‐Hebbel

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Financial Literacy, Pension, Retirement Analysis Monetary Policy and Economic Impact Economic Growth and Productivity

Abstract

Promoting a high savings rate is high on the World Bank's agenda for promoting national income growth. This study surveys broad saving trends worldwide, summarizes current knowledge about savings and consumption, identifies main unresolved issues, and outlines the major policy questions to be researched. The paper include case studies from Sub-Saharan Africa, China, Colombia, India, Mexico, and Pakistan.

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