This Selected Issues paper for the United States discusses the microeconomics of the countryahousehold wealth and savings. Householdsa consumption-saving decisions have an important bearing on the U.S. economic outlook. This paper demonstrates how households with consistently lower income, which have shown growth in the years prior to the crisis, experienced larger declines in their saving rates and a larger rise in their indebtedness before the crisis, contributing significantly to the dynamics of the mean saving rate.Moreover, new infrastructure is required, including the Insolvency Service and the regime for licensing and monitoring of personal insolvency practitioners. It is expected that a ... Bankruptcy Law Manual, 5th Ed., Chapter 11. 3 In re Johnson, anbsp;...
|Author||:||International Monetary Fund|
|Publisher||:||International Monetary Fund - 2012-08-02|