Age Distribution, Saving and Consumption in Sweden
This paper focuses on an empirical analysis of the dependency between age structure and aggregate consumption and the composition of aggregate savings. In a long-run consumption function of life cycle type, different demographic variables have a conclusive, statistically significant effect. In investigating the link between demographic variables and the composition of aggregate savings, a simple simultaneous model is used, and a saving function and a house price equation are estimated. The result even here is that age composition matters for house price and savings. This conclusion is also made visible by a simulation experiment. Finally is the model used to ascertain the effect on the recent Swedish tax reform on savings.
Year of publication: |
1996
|
---|---|
Authors: | Berg, Lennart |
Institutions: | Nationalekonomiska Institutionen, Uppsala Universitet |
Saved in:
freely available
Saved in favorites
Similar items by person
-
Deterministic Seasonal Volatility in a Small and Integrated Stock Market: The Case of Sweden.
Berg, Lennart, (2000)
-
Berg, Lennart, (2000)
-
Short and Long Run Dependence in Swedish Stock Returns
Berg, Lennart, (1996)
- More ...