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El ahorro de los hogares en Colombia

Author

Listed:
  • Ligia Melo B

    ()

  • Juana Téllez C

    ()

  • Héctor Zárate S.

    ()

Abstract

En este documento se presenta un análisis del comportamiento del ahorro de los hogares y sus determinantes, considerando una perspectiva a largo plazo para el período 1950-2004, y otra a corto plazo a nivel microeconómico, utilizando la información de las encuestas de calidad de vida de 1997 y 2003. A nivel agregado, con base en un análisis de cointegración, se encontró una relación de largo plazo entre la tasa de ahorro de los hogares, el PIB per cápita, los impuestos directos y una medida de profundización financiera. A nivel microeconómico se realiza un análisis de las tasas de ahorro, agrupadas según las características socioeconómicas de los hogares y para diferentes definiciones de ahorro, considerando la inversión en capital humano y la compra de bienes durables. Adicionalmente, se presenta un análisis del comportamiento del ahorro a partir de la hipótesis del ciclo de vida, utilizado los perfiles de ahorro por año de nacimiento del jefe del hogar: los resultados muestran que tanto el ingreso como el consumo registran un comportamiento de U invertida, sugiriendo que para el caso colombiano no hay evidencia de que se cumpla dicha hipótesis. Finalmente, al comparar los datos de ahorro de los hogares a nivel agregado, con los datos obtenidos a partir de la información de las encuestas, se encuentran diferencias que sepueden explicar por razones metodológicas y por el cambio en la distribución de los ingresos y de los gastos registrados entre 1997 y 2003.

Suggested Citation

  • Ligia Melo B & Juana Téllez C & Héctor Zárate S., 2006. "El ahorro de los hogares en Colombia," Revista ESPE - Ensayos Sobre Política Económica, Banco de la República - ESPE, vol. 24(52), pages 110-161, December.
  • Handle: RePEc:col:000107:004267
    DOI: 10.32468/Espe.5203
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    References listed on IDEAS

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    1. Martin Browning & Annamaria Lusardi, 1996. "Household Saving: Micro Theories and Micro Facts," Journal of Economic Literature, American Economic Association, vol. 34(4), pages 1797-1855, December.
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    4. Bayoumi, Tamim, 1993. "Financial Deregulation and Household Saving," Economic Journal, Royal Economic Society, vol. 103(421), pages 1432-1443, November.
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    More about this item

    Keywords

    Ahorro de los hogares; hipótesis de ciclo de vida; consumo; Colombia;
    All these keywords.

    JEL classification:

    • D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
    • D19 - Microeconomics - - Household Behavior - - - Other
    • E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth

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