Household Saving in the United States: Measurement and Behavior
指出美国官方个人储蓄率在收入和消费测量上的概念错误，计算调整后的储蓄率，并估计储蓄方程。调整后的序列波动更明显，主要与收入和财富变化相关。
Official measures of U.S. personal saving incorporate conceptual errors relating to the measurement of both income and consumption. This article identifies the errors, computes an adjusted personal saving rate to correct the errors, and estimates equations explaining personal saving. The estimates support the adjustments, and the adjusted series has more pronounced movements than the official series, the movements being largely related to changes in income and wealth.