Empirical evidence on the deeterminants of private saving in 49 developing countries over the period 1973-83 indicates that, as predicted by theory, a positive relationship exists between the rate of growth of consumption and the expected real interest rate. The strength of that relatioship,...

Empirical results establishing a firm empirical relationship between dependency rates and savings behavior in developing countries are still lacking. Two demographic extensions of the representative household's stochastic dynamic optimization problem are presented. The relationship between...