Discussion Papers no. 361
The Norwegian experience revisited
Financial deregulation and household saving
I use new micro data to study the effects of credit deregulation on the Norwegian household savings decline in the mid-1980s. This paper has three main findings. First, the decline in saving started in 1983, a couple of years earlier than previously thought on the basis of National Accounts data. Second, it was primarily young and middle-aged households who increased their consumption. Finally, the rapid increase in housing prices in 1985-86 may have been an important determinant of older and retired households' saving through reversed mortgages, but cannot on its own explain the decline in savings that started in 1983.
Om publikasjonen
- Tittel
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Financial deregulation and household saving. The Norwegian experience revisited
- Ansvarlig
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Elin Halvorsen
- Serie og -nummer
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Discussion Papers no. 361
- Utgiver
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Statistics Norway
- Emne
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Discussion Papers
- Antall sider
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30
- Målform
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Engelsk
- Om Discussion Papers
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Discussion papers comprise research papers intended for international journals and books. A preprint of a Discussion Paper may be longer and more elaborate than a standard journal article as it may include intermediate calculations, background material etc.
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