David, Antonio C.; Gonçalves, Carlos Eduardo Soares; … - 2020
Domestic savings and investment are positively correlated across countries and through time, as Feldstein-Horioka (FH … relationship is causal: an exogenous rise in savings increases investment. This result holds in the full sample of countries and … not total investment directly. Specifically, we use the share of adults in the [35-49] years of age bracket as an …