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| Content Provider | OECD iLibrary |
|---|---|
| Organization | OECD |
| Abstract | The purpose of saving is to increase future resources available for consumption and to protect against unexpected changes in income. Saving in its simplest terms is very similar to the concept of saving commonly used by the man on the street. It reflects the amount of disposable income that remains after final consumption expenditures, and that is invested – be that in financial assets, such as bank deposits or shares, or non-financial assets, such as real estate. Its importance is therefore paramount in many areas such as: analyses of the sustainability of consumption patterns; or the scope of governments to stimulate demand or raise taxes. Government saving is also an important indicator in a budgetary context. The "Golden rule", for example, that government saving should be zero over the course of an economic cycle is often set as a fiscal objective. |
| Language | English |
| Publisher | OECD Publishing |
| Publisher Date | 2011-02-10 |
| Access Restriction | Open |
| Subject Keyword | Economics |
| Content Type | Text |
| Resource Type | Chapter |
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