TY  - GEN
AB  - 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. On the one hand, this excess saving is due to people's increasing inclination to save in light of rising life expectancy. On the other hand, investment is not keeping pace with the rising desire to save. The resulting gap between the private desire for wealth and private investment can only be closed by increasing public debt.
AU  - Weizsäcker, Carl Christian von,
AU  - Krämer, Hagen,
CN  - HB172.5
DO  - 10.1007/978-3-030-75031-2
DO  - doi
ID  - 1431091
KW  - Macroeconomics.
KW  - Debts, Public.
KW  - Investments.
KW  - Macroéconomie.
KW  - Dettes publiques.
KW  - Investissements.
LA  - eng
LK  - https://link.springer.com/10.1007/978-3-030-75031-2
N2  - 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. On the one hand, this excess saving is due to people's increasing inclination to save in light of rising life expectancy. On the other hand, investment is not keeping pace with the rising desire to save. The resulting gap between the private desire for wealth and private investment can only be closed by increasing public debt.
SN  - 9783030750312
SN  - 3030750310
T1  - Saving and investment in the Twenty-First century :the great divergence /
TI  - Saving and investment in the Twenty-First century :the great divergence /
UR  - https://link.springer.com/10.1007/978-3-030-75031-2
ER  -