Showing 1 - 10 of 115
bank accounts instead of cash. We investigate the effects on savings behavior and downstream outcomes such as assets and … trust. We find, on average, no significant impact on overall savings or downstream outcomes. However, among individuals with … nonpositive balances prior to the offering, we observe an increase in balances in savings accounts and in the transactional …
Persistent link: https://www.econbiz.de/10014564072
This paper constructs time series data on savings per type of agent for Chile during the period 1960-2012. It is found … that the economy's average savings rate increased by 11 percentage points in the period 1985-2012 compared to 1960- 1984 …, with particularly pronounced growth in corporate savings. The evidence suggests that this increase was driven largely by …
Persistent link: https://www.econbiz.de/10011535730
This paper provides a summary of the findings contained in a forthcoming issue of the Latin American Journal of Economics on entrepreneurship in Latin America as a vehicle for upward social mobility, especially for the middle class. The income persistence coefficients estimated with pseudo-panel...
Persistent link: https://www.econbiz.de/10011314101
This paper follows two strategies to address whether the rich save more. First, the paper implements a two-stage procedure in which the household's lifetime income is instrumented with the education level of the household head and the education level of his/her partner. Second, using information...
Persistent link: https://www.econbiz.de/10011314207
Using micro data on expenditure and income for 17 Latin American and Caribbean (LAC) countries, this paper presents stylized facts on saving behavior by age, education, income and place of residence. Counterfactual saving rates are computed by imposing the saving behavior, the population...
Persistent link: https://www.econbiz.de/10011314220
This paper characterizes household spending in education using microdata from income and expenditure surveys for 12 Latin American and Caribbean countries and the United States. Bahamas, Chile and Mexico have the highest household spending in education while Bolivia, Brazil and Paraguay have the...
Persistent link: https://www.econbiz.de/10011786401
Latin American countries have long exhibited low levels of saving rates when compared to other countries in relatively similar stages of economic development (e.g., Asian economies). Motivated by this fact, this paper examines the time path of the saving rates between 1970 and 2010 in three...
Persistent link: https://www.econbiz.de/10011786449
This paper investigates the relevance of business saving for private saving and investment around the world by constructing and exploiting a broad international, unbalanced panel of 64 countries over 1990-2012. The paper shows that businesses are the main contributors to private and national...
Persistent link: https://www.econbiz.de/10011314156
This paper studies the effect of demographic transitions on the economy of Latin America and the Caribbean (LAC). The paper builds a model of multi-regions of the world and derives the path of macroeconomic variables including aggregate output, capital, labor and the saving rate as economies...
Persistent link: https://www.econbiz.de/10011314203
and how these might influence aggregate savings and wealth inequality. This paper aims to fill that gap by examining both …
Persistent link: https://www.econbiz.de/10011314208