PKT
mailing list archive
[ Other Periods  | Other mailing lists  | Search  ]
Date:  [ Previous  | Next  ]      Thread:  [ Previous  | Next  ]      Index:  [ Author  | Date  | Thread  ]

Re: The Ongoing Tale of Disposable Personal Income]

On Wed, 28 Feb 2001, Basil Moore wrote:
> All the sensational news of zero or negative saving rates is based on the
> conventional definition of income, which completely ignores capital gain
> income. If such income is considered saving ratios have risen rather than
> fallen. In the US personal debt has fallen sharply as a share of  total
> household assets.

Furthermore, a crude flow measure of saving as
S=Y-C-Tx
will cause measured saving to fall when a lot of
taxes are paid on capital gains.

Alan Isaac
[ Other Periods  | Other mailing lists  | Search  ]