<p>In "Is Piketty's Second Law of capital fundamental?" by Per Krusell and Anthony A. Smith Jr the authors say, in a footnote:</p>

<blockquote>
  <p>Specifically, from the FRED database, we use series A023RX1A020NBEA on real gross national income, series W206RC1A156NBEA on gross saving as a percentage of gross national income, and series W207RC1A156NBEA on net saving as a percentage of gross national income. These series all come from the Bureau of Economic Analysis; with them, it is straightforward to construct a series for net saving as a percentage of net national income. (p737)</p>
</blockquote>

<p>They say it is straightforward to construct a series for net saving as a percentage of net income. Can anyone explain how this series is constructed from the three given series? </p>

<p>The paper is available at  <a href="http://www.jstor.org/stable/10.1086/682574" rel="nofollow noreferrer">http://www.jstor.org/stable/10.1086/682574</a> .</p>

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2019-08-09T23:05:21.820Z
"*this* should be very simple" -- What is *this*? "how *it* is done" -- What is *it*?
Herr K.
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2019-08-10T08:49:59.757Z
I have emended the question
peter2108
<saving>
Net saving as a percentage of net income
peter2108
# Net saving as a percentage of net income

(Asked by: username_0 on 2019-08-09)

In "Is Piketty's Second Law of capital fundamental?" by Per Krusell and Anthony A. Smith Jr the authors say, in a footnote:

> Specifically, from the FRED database, we use series A023RX1A020NBEA on real gross national income, series W206RC1A156NBEA on gross saving as a percentage of gross national income, and series W207RC1A156NBEA on net saving as a percentage of gross national income. These series all come from the Bureau of Economic Analysis; with them, it is straightforward to construct a series for net saving as a percentage of net national income. (p737)

They say it is straightforward to construct a series for net saving as a percentage of net income. Can anyone explain how this series is constructed from the three given series?

The paper is available at <http://www.jstor.org/stable/10.1086/682574> .

**Tags:** saving
> **Comments:**
> **username_1**: "*this* should be very simple" -- What is *this*? "how *it* is done" -- What is *it*?  
> **username_0**: I have emended the question  

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## 0 answers

