Jagadeesh Gokhale, Laurence J. Kotlikoff, John Sabelhaus, Barry Bosworth, Robert Haveman, Understanding the Postwar Decline in U.S. Saving: A Cohort Analysis, Brookings Papers on Economic Activity, Vol. 1996, No. 1 (1996), pp. 315-407
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Gokhale et al. (1996) studied this question.
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