Open AccessThe Determinants Of Personal Saving In The U.S.
Author(s) -
Myeong Hwan Kim
Publication year - 2010
Publication title -
journal of applied business research
Language(s) - English
Resource type - Journals
eISSN - 2157-8834
pISSN - 0892-7626
DOI - 10.19030/jabr.v26i5.317
Subject(s) - style (visual arts) , economics , loan , span (engineering) , psychology , demographic economics , finance , art , literature , civil engineering , engineering
In this study, a number of internal and external variables that could affect personal saving are examined using regression to show how they are related to personal saving. The empirical study is performed using the time series data of the U.S. between the years 1950 and 2007. The findings reveal that personal saving is highly dependent on personal income, tax, credit outstanding and status of employment, while dependency ratio, current real estate loan, real interest rate and status of economic performance are indeterminate.