Demography and cross-country differences in savings rates: a new approach and evidence
Author
Abstract
Suggested Citation
DOI: 10.1007/s00148-011-0386-4
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Kelley, Allen C & Schmidt, Robert M, 1996. "Saving, Dependency and Development," Journal of Population Economics, Springer;European Society for Population Economics, vol. 9(4), pages 365-386, November.
- Li, Hongbin & Zhang, Jie & Zhang, Junsen, 2007.
"Effects of longevity and dependency rates on saving and growth: Evidence from a panel of cross countries,"
Journal of Development Economics, Elsevier, vol. 84(1), pages 138-154, September.
- Hongbin Li & Junsen Zhang & Jie Zhang, "undated". "Effects of longevity and dependency rates on saving and growth: Evidence from a panel of cross countries," MRG Discussion Paper Series 1106, School of Economics, University of Queensland, Australia.
- Higgins, Matthew, 1998.
"Demography, National Savings, and International Capital Flows,"
International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 39(2), pages 343-369, May.
- Matthew Higgins, 1997. "Demography, national savings and international capital flows," Staff Reports 34, Federal Reserve Bank of New York.
- Robert J. Barro, 1991.
"Economic Growth in a Cross Section of Countries,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 106(2), pages 407-443.
- Barro, R.J., 1989. "Economic Growth In A Cross Section Of Countries," RCER Working Papers 201, University of Rochester - Center for Economic Research (RCER).
- Robert J. Barro, 1989. "Economic Growth in a Cross Section of Countries," NBER Working Papers 3120, National Bureau of Economic Research, Inc.
- Hurd, Michael D, 1989. "Mortality Risk and Bequests," Econometrica, Econometric Society, vol. 57(4), pages 779-813, July.
- Leff, Nathaniel H, 1969. "Dependency Rates and Savings Rates," American Economic Review, American Economic Association, vol. 59(5), pages 886-896, December.
- Giovannini, Alberto, 1983. "The interest elasticity of savings in developing countries: The existing evidence," World Development, Elsevier, vol. 11(7), pages 601-607, July.
- Ram, Rati, 1982. "Dependency Rates and Aggregate Savings: A New International Cross-Section Study," American Economic Review, American Economic Association, vol. 72(3), pages 537-544, June.
- Michele BOLDRIN & Mariacristina DE NARDI & Larry E. JONES, 2015.
"Fertility and Social Security,"
JODE - Journal of Demographic Economics, Cambridge University Press, vol. 81(3), pages 261-299, September.
- Boldrin, Michele & De Nardi, Mariacristina & Jones, Larry E., 2015. "Fertility And Social Security," Journal of Demographic Economics, Cambridge University Press, vol. 81(3), pages 261-299, September.
- Michele Boldrin & Mariacristina De Nardi & Larry E. Jones, 2005. "Fertility and Social Security," Staff Report 359, Federal Reserve Bank of Minneapolis.
- Michele Boldrin & Mariacristina De Nardi & Larry E. Jones, 2005. "Fertility and Social Security," NBER Working Papers 11146, National Bureau of Economic Research, Inc.
- Michele Boldrin & Maria Cristina De Nardi & Larry E. Jones, 2005. "Fertility and Social Security," Levine's Bibliography 666156000000000506, UCLA Department of Economics.
- Nishimura, Kazuo & Zhang, Junsen, 1992.
"Pay-as-you-go public pensions with endogenous fertility,"
Journal of Public Economics, Elsevier, vol. 48(2), pages 239-258, July.
- Nishimura, K. & Zhang, J., 1990. "Pay-As-You-Go Public Pensions With Endogenous Fertility," Papers 202, Australian National University - Department of Economics.
- Robert M. Schmidt & Allen C. Kelley, 1996. "Saving, dependency and development," Journal of Population Economics, Springer;European Society for Population Economics, vol. 9(4), pages 365-386.
- Davies, James B, 1981. "Uncertain Lifetime, Consumption, and Dissaving in Retirement," Journal of Political Economy, University of Chicago Press, vol. 89(3), pages 561-577, June.
- Blanchard, Olivier J, 1985.
"Debt, Deficits, and Finite Horizons,"
Journal of Political Economy, University of Chicago Press, vol. 93(2), pages 223-247, April.
- Olivier J. Blanchard, 1984. "Debt, Deficits and Finite Horizons," NBER Working Papers 1389, National Bureau of Economic Research, Inc.
- N. Gregory Mankiw & David Romer & David N. Weil, 1992.
"A Contribution to the Empirics of Economic Growth,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 107(2), pages 407-437.
- N. Gregory Mankiw & David Romer & David Weil, 1990. "A Contribution to the Empirics of Economic Growth," Working Papers 1990-24, Brown University, Department of Economics.
- N. Gregory Mankiw & David Romer & David N. Weil, 1990. "A Contribution to the Empirics of Economic Growth," NBER Working Papers 3541, National Bureau of Economic Research, Inc.
- Ram, Rati, 1984. "Dependency Rates and Savings: Reply," American Economic Review, American Economic Association, vol. 74(1), pages 234-237, March.
- Gary S. Becker & Robert J. Barro, 1988.
"A Reformulation of the Economic Theory of Fertility,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 103(1), pages 1-25.
- Gary S. Becker & Robert J. Barro, "undated". "A Reformulation of the Economic Theory of Fertility," University of Chicago - Population Research Center 85-11, Chicago - Population Research Center.
- Gary S. Becker & Robert J. Barro, 1986. "A Reformulation of the Economic Theory of Fertility," NBER Working Papers 1793, National Bureau of Economic Research, Inc.
- Douglas Gollin, 2002.
"Getting Income Shares Right,"
Journal of Political Economy, University of Chicago Press, vol. 110(2), pages 458-474, April.
- Douglas Gollin, 2001. "Getting Income Shares Right," Department of Economics Working Papers 2001-11, Department of Economics, Williams College.
- David E. Bloom & David Canning & Bryan Graham, 2003.
"Longevity and Life‐cycle Savings,"
Scandinavian Journal of Economics, Wiley Blackwell, vol. 105(3), pages 319-338, September.
- David E. Bloom & David Canning & Bryan Graham, 2002. "Longevity and Life Cycle Savings," NBER Working Papers 8808, National Bureau of Economic Research, Inc.
- Michele Boldrin & Larry E. Jones, 2002. "Mortality, Fertility, and Saving in a Malthusian Economy," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 5(4), pages 775-814, October.
- Lawrance, Emily C, 1991. "Poverty and the Rate of Time Preference: Evidence from Panel Data," Journal of Political Economy, University of Chicago Press, vol. 99(1), pages 54-77, February.
- Easterly, William & Rebelo, Sergio, 1993.
"Fiscal policy and economic growth: An empirical investigation,"
Journal of Monetary Economics, Elsevier, vol. 32(3), pages 417-458, December.
- William Easterly & Sergio Rebelo, 1993. "Fiscal Policy and Economic Growth: An Empirical Investigation," NBER Working Papers 4499, National Bureau of Economic Research, Inc.
- Easterly, William & Rebelo, Sérgio, 1994. "Fiscal Policy and Economic Growth: An Empirical Investigation," CEPR Discussion Papers 885, C.E.P.R. Discussion Papers.
- Menahem E. Yaari, 1965. "Uncertain Lifetime, Life Insurance, and the Theory of the Consumer," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 32(2), pages 137-150.
- Alwyn Young, 1995. "The Tyranny of Numbers: Confronting the Statistical Realities of the East Asian Growth Experience," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 110(3), pages 641-680.
- Prescott, Edward C, 1998.
"Needed: A Theory of Total Factor Productivity,"
International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 39(3), pages 525-551, August.
- Edward C. Prescott, 1997. "Needed: a theory of total factor productivity," Staff Report 242, Federal Reserve Bank of Minneapolis.
- Jie Zhang & Junsen Zhang, 2004. "How does social security affect economic growth? Evidence from cross-country data," Journal of Population Economics, Springer;European Society for Population Economics, vol. 17(3), pages 473-500, August.
- Robert Haveman & Barbara Wolfe, 1995. "The Determinants of Children's Attainments: A Review of Methods and Findings," Journal of Economic Literature, American Economic Association, vol. 33(4), pages 1829-1878, December.
- Peter J. Klenow & Andrés Rodríguez-Clare, 1997. "The Neoclassical Revival in Growth Economics: Has It Gone Too Far?," NBER Chapters, in: NBER Macroeconomics Annual 1997, Volume 12, pages 73-114, National Bureau of Economic Research, Inc.
- Levine, Ross & Renelt, David, 1992.
"A Sensitivity Analysis of Cross-Country Growth Regressions,"
American Economic Review, American Economic Association, vol. 82(4), pages 942-963, September.
- Levine, Ross & Renelt, David, 1991. "A sensitivity analysis of cross-country growth regressions," Policy Research Working Paper Series 609, The World Bank.
- Blackburn, Keith & Cipriani, Giam Pietro, 2002. "A model of longevity, fertility and growth," Journal of Economic Dynamics and Control, Elsevier, vol. 26(2), pages 187-204, February.
- Cigno, Alessandro & Rosati, Furio C., 1996. "Jointly determined saving and fertility behaviour: Theory, and estimates for Germany, Italy, UK and USA," European Economic Review, Elsevier, vol. 40(8), pages 1561-1589, November.
- Hollis Chenery† & T.N. Srinivasan (ed.), 1988. "Handbook of Development Economics," Handbook of Development Economics, Elsevier, edition 1, volume 1, number 1.
- Masson, Paul R & Bayoumi, Tamim & Samiei, Hossein, 1998.
"International Evidence on the Determinants of Private Saving,"
The World Bank Economic Review, World Bank, vol. 12(3), pages 483-501, September.
- Mr. Paul R Masson & Mr. Tamim Bayoumi & Hossein Samiei, 1995. "International Evidenceon the Determinants of Private Saving," IMF Working Papers 1995/051, International Monetary Fund.
- Boskin, Michael J, 1978. "Taxation, Saving, and the Rate of Interest," Journal of Political Economy, University of Chicago Press, vol. 86(2), pages 3-27, April.
- World Bank, 2004. "World Development Indicators 2004," World Bank Publications - Books, The World Bank Group, number 13890.
- Menchik, Paul L & David, Martin, 1983. "Income Distribution, Lifetime Savings, and Bequests," American Economic Review, American Economic Association, vol. 73(4), pages 672-690, September.
- David Demery & Nigel Duck, 2006. "Savings–age profiles in the UK," Journal of Population Economics, Springer;European Society for Population Economics, vol. 19(3), pages 521-541, July.
- Jie Zhang & Junsen Zhang, 2005. "The Effect of Life Expectancy on Fertility, Saving, Schooling and Economic Growth: Theory and Evidence," Scandinavian Journal of Economics, Wiley Blackwell, vol. 107(1), pages 45-66, March.
- Mirer, Thad W, 1979. "The Wealth-Age Relation among the Aged," American Economic Review, American Economic Association, vol. 69(3), pages 435-443, June.
- Michael J. Boskin, 1978. "Taxation, Saving, and the Rate of Interest," NBER Chapters, in: Research in Taxation, pages 3-27, National Bureau of Economic Research, Inc.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Anikó Bíró, 2013. "Subjective mortality hazard shocks and the adjustment of consumption expenditures," Journal of Population Economics, Springer;European Society for Population Economics, vol. 26(4), pages 1379-1408, October.
- Błoch Wiktor, 2023. "What drives the savings rate in middle -income countries?," Economics and Business Review, Sciendo, vol. 9(4), pages 56-73, December.
- Eyal Argov & Shay Tsur, 2019. "A Long-Run Growth Model for Israel," Bank of Israel Working Papers 2019.04, Bank of Israel.
- Chandralekha Ghosh & Rimita Hom Chaudhury, 2023. "A Comparative Study of Saving Behaviour Between India and China," Millennial Asia, , vol. 14(4), pages 461-479, December.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Neha Jain & Srinivas Goli, 2022.
"Demographic change and private savings in India,"
Journal of Social and Economic Development, Springer;Institute for Social and Economic Change, vol. 24(1), pages 1-29, June.
- Jain, Neha & Goli, Srinivas, 2021. "Demographic Change and Private Savings in India," MPRA Paper 109561, University Library of Munich, Germany.
- Jain, Neha & Goli, Srinivas, 2021. "Demographic Change and Private Savings in India," SocArXiv n73ab, Center for Open Science.
- Kogel, Tomas, 2005.
"Youth dependency and total factor productivity,"
Journal of Development Economics, Elsevier, vol. 76(1), pages 147-173, February.
- Tomas Kögel, 2001. "Youth dependency and total factor productivity," MPIDR Working Papers WP-2001-030, Max Planck Institute for Demographic Research, Rostock, Germany.
- Kam-Ki Tang & Benjamin ShiJie Wong, "undated".
"The Ageing, Longevity and Crowding Out Effects on Private and Public Savings: Evidence from Dynamic Panel Analysis,"
MRG Discussion Paper Series
3409, School of Economics, University of Queensland, Australia.
- Benjamin Wong & Kam Ki Tang, 2010. "The Ageing, Longevity and Crowding Out Effects on Private and Public Savings," CAMA Working Papers 2010-12, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
- Miguel Sánchez-Romero, 2013.
"The role of demography on per capita output growth and saving rates,"
Journal of Population Economics, Springer;European Society for Population Economics, vol. 26(4), pages 1347-1377, October.
- Miguel Sánchez Romero, 2011. "The role of demography on per capita output growth and saving rates," MPIDR Working Papers WP-2011-015, Max Planck Institute for Demographic Research, Rostock, Germany.
- Dong-Hyeon Kim & Peiyao Liu & Shu-Chin Lin, 2024. "The moderating role of financial development in the nexus between population aging and saving," Economic Change and Restructuring, Springer, vol. 57(2), pages 1-32, April.
- Taguchi, Hiroyuki, 2021. "A revisit to effects of demographic dynamics on economic growth in Asia," MPRA Paper 110609, University Library of Munich, Germany.
- David E. Bloom & David Canning & Bryan Graham, 2003.
"Longevity and Life‐cycle Savings,"
Scandinavian Journal of Economics, Wiley Blackwell, vol. 105(3), pages 319-338, September.
- David E. Bloom & David Canning & Bryan Graham, 2002. "Longevity and Life Cycle Savings," NBER Working Papers 8808, National Bureau of Economic Research, Inc.
- Bloom, David E. & Canning, David & Mansfield, Richard K. & Moore, Michael, 2007.
"Demographic change, social security systems, and savings,"
Journal of Monetary Economics, Elsevier, vol. 54(1), pages 92-114, January.
- David E. Bloom & David Canning & Rick Mansfield & Michael Moore, 2006. "Demographic Change, Social Security Systems, and Savings," NBER Working Papers 12621, National Bureau of Economic Research, Inc.
- David Bloom & David Canning & Rick Mansfield & Michael Moore, 2006. "Demographic Change, Social Security Systems, and Savings," PGDA Working Papers 1906, Program on the Global Demography of Aging.
- William Easterly & Ross Levine, 2002.
"It´s Not Factor Accumulation: Stylized Facts and Growth Models,"
Central Banking, Analysis, and Economic Policies Book Series, in: Norman Loayza & Raimundo Soto & Norman Loayza (Series Editor) & Klaus Schmidt-Hebbel (Series Editor) (ed.),Economic Growth: Sources, Trends, and Cycles, edition 1, volume 6, chapter 3, pages 061-114,
Central Bank of Chile.
- William Easterly & Ross Levine, 2001. "It's Not Factor Accumulation: Stylized Facts and Growth Models," The World Bank Economic Review, World Bank, vol. 15(2), pages 177-17-219.
- William Easterly & Ross Levine, 2002. "It's Not Factor Accumulation: Stylized Facts and Growth Models," Working Papers Central Bank of Chile 164, Central Bank of Chile.
- Hubbard, R. Glenn & Skinner, Jonathan & Zeldes, Stephen P., 1994.
"The importance of precautionary motives in explaining individual and aggregate saving,"
Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 40(1), pages 59-125, June.
- R. Glenn Hubbard & Jonathan Skinner & Stephen P. Zeldes, 1993. "The Importance of Precautionary Motives in Explaining Individual and Aggregate Saving," NBER Working Papers 4516, National Bureau of Economic Research, Inc.
- Günther Rehme, 2011.
"Endogenous Policy And Cross‐Country Growth Empirics,"
Scottish Journal of Political Economy, Scottish Economic Society, vol. 58(2), pages 262-296, May.
- G? Rehme, 2004. "Endogenous Policy and Cross-Country Growth Empirics," Econometric Society 2004 North American Summer Meetings 262, Econometric Society.
- Rehme, Günther, 2009. "Endogenous Policy and Cross-Country Growth Empirics," Publications of Darmstadt Technical University, Institute for Business Studies (BWL) 77433, Darmstadt Technical University, Department of Business Administration, Economics and Law, Institute for Business Studies (BWL).
- Rehme, Günther, 2007. "Endogenous Policy and Cross-Country Growth Empirics," Publications of Darmstadt Technical University, Institute for Business Studies (BWL) 35720, Darmstadt Technical University, Department of Business Administration, Economics and Law, Institute for Business Studies (BWL).
- Rehme, Günther, 2007. "Endogenous policy and cross-country growth empirics," Darmstadt Discussion Papers in Economics 182, Darmstadt University of Technology, Department of Law and Economics.
- Li, Hongbin & Zhang, Jie & Zhang, Junsen, 2007.
"Effects of longevity and dependency rates on saving and growth: Evidence from a panel of cross countries,"
Journal of Development Economics, Elsevier, vol. 84(1), pages 138-154, September.
- Hongbin Li & Junsen Zhang & Jie Zhang, "undated". "Effects of longevity and dependency rates on saving and growth: Evidence from a panel of cross countries," MRG Discussion Paper Series 1106, School of Economics, University of Queensland, Australia.
- Capolupo, Rosa, 2009.
"The New Growth Theories and Their Empirics after Twenty Years,"
Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), Kiel Institute for the World Economy (IfW Kiel), vol. 3, pages 1-72.
- Capolupo, Rosa, 2008. "The New Growth Theories and Their Empirics after Twenty Years," Economics Discussion Papers 2008-27, Kiel Institute for the World Economy (IfW Kiel).
- Jones, C.I., 2016.
"The Facts of Economic Growth,"
Handbook of Macroeconomics, in: J. B. Taylor & Harald Uhlig (ed.), Handbook of Macroeconomics, edition 1, volume 2, chapter 0, pages 3-69,
Elsevier.
- Charles I. Jones, 2015. "The Facts of Economic Growth," NBER Working Papers 21142, National Bureau of Economic Research, Inc.
- Martin Werding & Sonja Munz & Vera Gács, 2008. "Fertility and prosperity : links between demography and economic growth," ifo Forschungsberichte, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 42, September.
- David E. Bloom & David Canning, 2004.
"Global demographic change : dimensions and economic significance,"
Proceedings - Economic Policy Symposium - Jackson Hole, Federal Reserve Bank of Kansas City, issue Aug, pages 9-56.
- David E. Bloom & David Canning, 2004. "Global Demographic Change: Dimensions and Economic Significance," NBER Working Papers 10817, National Bureau of Economic Research, Inc.
- David E. Bloom & David Canning, 2005. "Global Demographic Change: Dimensions and Economic Significance," PGDA Working Papers 0105, Program on the Global Demography of Aging.
- Robert W. Arnold, 2003. "Modeling Long-Run Economic Growth: Technical Paper 2003-04," Working Papers 14497, Congressional Budget Office.
- Hiroyuki Taguchi & Ni Lar & Sereyvuth Ky, 2021. "Revisiting the effects of demographic dynamics on economic growth in Asia: a panel vector‐autoregressive approach with a saving channel," Asian-Pacific Economic Literature, The Crawford School, The Australian National University, vol. 35(2), pages 77-94, November.
- Taguchi, Hiroyuki & Latjin, Mirani, 2022. "The effects of demographic dynamics on economic growth in EU economies: A panel vector autoregressive approach," MPRA Paper 113596, University Library of Munich, Germany.
- Loumrhari, Ghizlan, 2013. "Vieillissement démographique, longévité et épargne. Le cas du Maroc [Ageing population, longevity and save. The case of Morocco]," MPRA Paper 50649, University Library of Munich, Germany.
More about this item
Keywords
Saving; Fertility; Longevity; E21; J10; O16;All these keywords.
JEL classification:
- E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
- J10 - Labor and Demographic Economics - - Demographic Economics - - - General
- O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
Statistics
Access and download statisticsCorrections
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:jopoec:v:25:y:2012:i:3:p:963-987. 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.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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.