Politická ekonomie 2017, 65(1):45-61 | DOI: 10.18267/j.polek.1126

Jaká je optimální míra úspor z pohledu příjemců úroků?

Pavel Potužák
Pavel Potužák (pavel.potuzak@vse.cz), Vysoká škola ekonomická v Praze, Národohospodářská fakulta

What is the Optimum Saving Rate from the Perspective of the Receivers of Interest?

This paper investigates the optimum saving rate from the perspective of the receivers of interest. The first part lists major contributions detected in the literature on the optimum saving rate and differential games of capitalism. The second part explores the socially optimal saving rate connected to the maximum sustainable consumption per person. A new graphical method is used to show the distribution of consumption goods between wage earners and receivers of interest. The optimum saving rate of the receivers of interest is derived in the third section. The mathematical formula indicates that this rate is lower than the golden rule, and it coincides with the optimum of the Ramsey-Cass-Koopmans model only under specific circumstances.

Keywords: optimum saving rate, interest rate, time preference, golden rule of capital accumulation
JEL classification: E13, E21, E25

Published: February 1, 2017  Show citation

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Potužák, P. (2017). What is the Optimum Saving Rate from the Perspective of the Receivers of Interest? Politická ekonomie, 65(1), 45-61. doi: 10.18267/j.polek.1126
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