01706cas a2200241 a 4500 AALejournalIMF021004 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513546063 1018-5941 BD-DhAAL BD-DhAAL Dao, Mai. Wealth Inequality and Private Savings : The Case of Germany / Mai Dao. Washington, D.C. : International Monetary Fund, 2020. 1 online resource (32 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students 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. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2020/107 Full text available on IMF http://elibrary.imf.org/view/journals/001/2020/107/001.2020.issue-107-en.xml IMF e-Library