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Una Revisión del Comportamientoy de los Determinantes del Ahorro en el Mundo

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  • Norman Loayza
  • Klaus Schmidt-Hebbel
  • Luis Servén

Abstract

This paper provides an overview of the current state of knowledge regarding the determinants of saving rates. In the context of this overview, the paper presents the main findings and contributions of the body of empirical research on saving determinants, complemented by the results of the recently-completed World Bank research project Saving Across the World. The paper starts by discussing the basic design of the research project and its core database (the World Saving Database) and reviewing the major stylized facts on saving across the world. Then the paper summarizes the main project results and places them in the context of the saving literature, identifying the key policy and non-policy determinants of private saving rates, and paying special attention to the relation between growth and saving and the impact of specific policies on saving rates.

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Bibliographic Info

Paper provided by Central Bank of Chile in its series Working Papers Central Bank of Chile with number 95.

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Date of creation: May 2001
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Handle: RePEc:chb:bcchwp:95

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References

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  40. Craig Burnside & Klaus Schmidt-Hebbel & Luis Servén, 1999. "Saving in Mexico: The National and International Evidence," Economia Mexicana NUEVA EPOCA, , vol. 0(2), pages 181-230, July-Dece.
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Cited by:
  1. Francisco Gallego & Felipe Morandé & Raimundo Soto, 2001. "El ahorro y el consumo de durables frente al ciclo económico: ¿Consumismo, frugalidad, racionalidad?," Central Banking, Analysis, and Economic Policies Book Series, in: Felipe Morandé & Rodrigo Vergara & Norman Loayza (Series Editor) & Klaus Schmidt-Hebbel (Series Edi (ed.), Análisis Empírico del Ahorro en Chile, edition 1, volume 1, chapter 5, pages 105-140 Central Bank of Chile.

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