Trade Surpluses and Life-Cycle Saving Behaviour

The national-income account identity and the life-cycle theory of consumption together imply that the current account should be a function of the age structure. A country with a high proportion of young and retired should have current account deficits. Using a panel of 84 countries, we find empirical support for this hypothesis

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Year of publication:	2001
Authors:	Herbertsson, Tryggvi Thor ; Zoega, Gylfi
Publisher:	[S.l.] : SSRN
Subject:	Sparen \| Savings \| Lebenszyklus \| Life cycle \| Leistungsbilanz \| Current account \| Bevölkerungsstruktur \| Demographic structure \| Welt \| World
Description of contents:	Abstract [papers.ssrn.com]

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Extent:	1 Online-Ressource
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: Economics Letters, Vol. 65, 1999, pp 227-237 Volltext nicht verfügbar
Classification:	F41 - Open Economy Macroeconomics ; F32 - Current Account Adjustment; Short-Term Capital Movements
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014131042