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220928 ||| eng |
| 020 |
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|a 9781513546063
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| 100 |
1 |
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|a Dao, Mai
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| 245 |
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|a Wealth Inequality and Private Savings: The Case of Germany
|c Mai Dao
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| 260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 2020
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| 300 |
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|a 32 pages
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| 651 |
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4 |
|a Germany
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| 653 |
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|a Wealth
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| 653 |
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|a Income
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| 653 |
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|a Disposable income
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| 653 |
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|a Capital Budgeting
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| 653 |
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|a Income distribution
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| 653 |
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|a Fixed Investment and Inventory Studies
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| 653 |
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|a Saving
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| 653 |
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|a Aggregate Factor Income Distribution
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| 653 |
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|a Management of Technological Innovation and R&D
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| 653 |
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|a Personal Income, Wealth, and Their Distributions
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| 653 |
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|a National accounts
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| 653 |
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|a National income
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| 653 |
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|a Models of Trade with Imperfect Competition and Scale Economies
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| 653 |
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|a Saving and investment
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| 653 |
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|a Macroeconomics
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| 653 |
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|a Macroeconomics: Consumption
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| 653 |
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|a Income inequality
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| 653 |
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|a Private savings
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| 041 |
0 |
7 |
|a eng
|2 ISO 639-2
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| 989 |
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|b IMF
|a International Monetary Fund
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| 490 |
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|a IMF Working Papers
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| 028 |
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|a 10.5089/9781513546063.001
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| 856 |
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|u https://elibrary.imf.org/view/journals/001/2020/107/001.2020.issue-107-en.xml?cid=49471-com-dsp-marc
|x Verlag
|3 Volltext
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| 082 |
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|a 330
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| 520 |
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|a This paper explores the interaction between corporate ownership concentration and private savings, and by extension, the current account balance in Germany. As high corporate savings largely reflected capital income accruing to wealthy households and increasingly retained in closely-held firms, the buildup of external imbalances in Germany has been accompanied by widening top income inequality, rising private savings and compressed consumption rates. Rising corporate profits in an environment of high business wealth concentration account for 90 percent of the rise in the private savings rate and a third of the increase in the German current account surplus over 1999–2016
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