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Persistent link: https://www.econbiz.de/10009568790
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/10011290050
Persistent link: https://www.econbiz.de/10011313864
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/10011316663
The standard neoclassical growth model with Cobb-Douglas production predicts a monotonically declining saving rate, when reasonably calibrated. Ample empirical evidence, however, shows that the transition path of a country's saving rate exhibits a rising or non-monotonic pattern. In important...
Persistent link: https://www.econbiz.de/10009756310
The standard neoclassical growth model with Cobb-Douglas production predicts a monotonically declining saving rate, when reasonably calibrated. Ample empirical evidence, however, shows that the transition paths of most countries' saving rates exhibit a statistically significant hump-shaped...
Persistent link: https://www.econbiz.de/10010373737
). Within specific investment categories, evidence is found of increases in human capital and in durable and financial goods for …
Persistent link: https://www.econbiz.de/10011544981
This study explores the relationship between demographic factors and saving rates using a panel dataset covering 110 countries between 1963 and 2012. In line with predictions from theory, this paper finds that lower dependency rates and greater longevity increase domestic saving rates. However,...
Persistent link: https://www.econbiz.de/10011457320
savings does not fully close the negative estimated private saving gap, reducing it by less than 1 percentage point. No gap is …
Persistent link: https://www.econbiz.de/10011485060
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/10011485555