Saving and Investment in the Twenty-First Century: The Great Divergence

by Carl Christian von Weizsäcker and Hagen M. Krämer

Book Overview

The economy of the 21st century in the OECD countries and in China, is characterized by a new phenomenon: the structural surplus of private savings in relation to private investment. This is true even in a situation of prosperity and very low interest rates. On the one hand, this excess saving is due to people's increasing inclination to save in light of rising life expectancy, driven by the desire to have sufficient assets in old age. On the other...

• Format: Paperback
• Language: English
• ISBN: 3030750337
• ISBN13: 9783030750336
• Release Date: July 2022
• Publisher: Springer
• Length: 343 Pages
• Weight: 1.13 lbs.
• Dimensions: 0.8" x 6.1" x 9.2"