Does Cultural Origin Affect Saving Behavior? Evidence from Immigrants
AbstractBecause efforts to explain international saving differentials using traditional economic variables have not been very successful (Bosworth, 1993), some economists have proposed that national saving differences reflect cultural differences. We attempt to test that hypothesis by using data from the US Census to examine whether immigrants to the US from high-saving countries tend to save more than immigrants from low-saving countries. While we do find highly statistically significant differences in immigrants' saving behavior by country of origin, those differences do not match up with the differences in national saving rates. In particular, immigrants from high-saving Asian countries do not save more than other immigrants.
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Bibliographic InfoArticle provided by University of Chicago Press in its journal Economic Development and Cultural Change.
Volume (Year): 48 (1999)
Issue (Month): 1 (October)
Contact details of provider:
Web page: http://www.journals.uchicago.edu/EDCC/
Other versions of this item:
- Christopher D. Carroll & Byung-Kun Rhee & Changyong Rhee, 1998. "Does Cultural Origin Affect Saving Behavior? Evidence from Immigrants," NBER Working Papers 6568, National Bureau of Economic Research, Inc.
- Christopher D Carroll & Byung-Kun Rhee & Changyong Rhee, 1998. "Does Cultural Origin Affect Saving Behaviour? Evidence From Immigrants," Economics Working Paper Archive 401, The Johns Hopkins University,Department of Economics.
- D1 - Microeconomics - - Household Behavior
- D8 - Microeconomics - - Information, Knowledge, and Uncertainty
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- David E. Bloom & Morley Gunderson, 1989.
"An Analysis of the Earnings of Canadian Immigrants,"
NBER Working Papers
3035, National Bureau of Economic Research, Inc.
- Bloom, D.E. & Gunderson, M., 1989. "An Analysis Of The Earnings Of Canadian Immigrants," Discussion Papers 1989_18, Columbia University, Department of Economics.
- Carroll, Christopher D, 1994.
"How Does Future Income Affect Current Consumption?,"
The Quarterly Journal of Economics,
MIT Press, vol. 109(1), pages 111-47, February.
- Christopher D. Carroll, 1992. "How does future income affect current consumption?," Working Paper Series / Economic Activity Section 126, Board of Governors of the Federal Reserve System (U.S.).
- repec:fth:coluec:437 is not listed on IDEAS
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