IDEAS home Printed from https://ideas.repec.org/a/spr/empeco/v28y2003i2p275-289.html
   My bibliography  Save this article

Why are saving rates in East Asia so high? Reviving the life cycle hypothesis

Author

Listed:
  • F. Gerard Adams
  • Peter A. Prazmowski

Abstract

Why are saving rates in the East Asian countries so high? This paper represents an attempt to provide an explanation in terms of rapid income growth rates linked to the life cycle hypothesis under the modification that consumption standards rise as income does, and that they continue to rise well beyond the consumer's retirement age. Empirical tests support the relationship between saving rates and growth implied by the theory. This approach goes a long way toward explaining high saving rates in East Asia. Copyright Springer-Verlag Berlin Heidelberg 2003

Suggested Citation

  • F. Gerard Adams & Peter A. Prazmowski, 2003. "Why are saving rates in East Asia so high? Reviving the life cycle hypothesis," Empirical Economics, Springer, vol. 28(2), pages 275-289, April.
  • Handle: RePEc:spr:empeco:v:28:y:2003:i:2:p:275-289
    DOI: 10.1007/s001810200130
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1007/s001810200130
    Download Restriction: Access to full text is restricted to subscribers.

    File URL: https://libkey.io/10.1007/s001810200130?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. F. Gerard Adams & Byron Gangnes, 2000. "Will Japan's Current Account Turn to Deficit?," Working Papers 200010, University of Hawaii at Manoa, Department of Economics.
    2. Marwan Abdul-Malik Thanoon & Ahmad Zubaidi Baharumshah, 2012. "Comparing Savings Behavior in Asia and Latin America: The Role of Capital Inflows and Economic Growth," Journal of Developing Areas, Tennessee State University, College of Business, vol. 46(1), pages 113-131, January-J.

    More about this item

    Keywords

    Key words: Life Cycles; Saving; Growth; Relative Income.; JEL classification: G11;
    All these keywords.

    JEL classification:

    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:empeco:v:28:y:2003:i:2:p:275-289. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.