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The paper tests some household savings hypotheses with time-series data for Pakistan over the 1950-51-1976-77 period. The permanent income model is found to give a much better explanation of the year-to-year variations in household saving than does the simple current income model. Among other findings is a highly significant correlation between changes in the real rate of return on financial assets and household saving.

Household Saving in Pakistan: Some Findings from Time-Series Data