Date of Award
5-2015
Degree Type
Thesis
Degree Name
Master of Science (MS)
Department
Economics and Finance
Committee Chair(s)
Frank Caliendo
Committee
Frank Caliendo
Committee
Devon Gorry
Committee
Man-Keun Kim
Abstract
Business capital and investment are increasingly moving abroad as globalization occurs, and worldwide economic integration is accordingly strengthened. The extremely low personal saving rate in the United States and the extremely high personal saving rate in China are always a concern for economists. This project uses data from the United States and economic and econometric methodologies to analyze and discuss several economic factors that affect the U.S. personal saving rate. The result shows that the housing and stock market booms, an increasing interest rate, and a decrease in the ratio of workers to retirees cause the decrease in personal saving rate, and there is strong evidence that an increased social security tax also leads to a decrease in personal saving rate.
Recommended Citation
Wang, Zhong, "Discussing Economic Factors' Effects on Personal Saving Rate" (2015). All Graduate Plan B and other Reports, Spring 1920 to Spring 2023. 721.
https://digitalcommons.usu.edu/gradreports/721
Included in
Copyright for this work is retained by the student. If you have any questions regarding the inclusion of this work in the Digital Commons, please email us at .