This paper examines issues of household saving, growth. and aging in Taiwan. The Taiwanese patterns of high income growth, declines in fertility, and increases in life expectancy all have implications for life-cycle saving. We use data from fifteen consecutive household income and expenditure surveys. from 1976 to 1990, to examine whether observed profiles of consumption and saving are consistent with life-cycle theory. The patterns of consumption and saving across households of different ages and cohorts appear to be broadly consistent with a life-cycle model. However. the data also indicate that household consumption tracks income closely. and this evidence casts doubt on simple life-cycle theory.
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Paper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number
4330.
Length: Date of creation: Apr 1993 Date of revision: Publication status: published relationship to a non-chapter. This should not happen. Please contact NBER. Handle: RePEc:nbr:nberwo:4330
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Angus S. Deaton & Christina Paxson, 1994.
"Saving, Growth, and Aging in Taiwan,"
NBER Chapters,
in: Studies in the Economics of Aging, pages 331-362
National Bureau of Economic Research, Inc.
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Find related papers by JEL classification: D91 - Microeconomics - - Intertemporal Choice and Growth - - - Intertemporal Consumer Choice; Life Cycle Models and Saving J14 - Labor and Demographic Economics - - Demographic Economics - - - Economics of the Elderly; Economics of the Handicapped
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Luigi Guiso & Tullio Jappelli, 2000.
"Household Portfolios in Italy,"
CSEF Working Papers
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Other versions:
Luigi Guiso & Tullio Jappelli, 2002.
"Stockholding in Italy,"
CSEF Working Papers
82, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.
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