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Saving, dependency and development

Author

Listed:
  • Robert M. Schmidt

    (E. Claiborne Robins School of Business, University of Richmond, Richmond, VA 23173, USA)

  • Allen C. Kelley

    (Department of Economics and Center for Demographic Studies, Duke University, Box 90097, Durham, NC 27708-0097, USA)

Abstract

The widely-observed finding in the literature showing little or no relationship between population growth (and dependency) and saving requires modification based on panel and cross-section estimation of aggregate country data. While such a relationship is still weak in the hybrid Leff-type model, it is now found consistently over time and by stage of development in the Mason variable-growth life-cycle framework, where changes in demographic factors account for a notable part of saving. JEL classification: J11, O15, O16

Suggested Citation

  • 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.
    • Handle: RePEc:spr:jopoec:v:9:y:1996:i:4:p:365-386
    Note: Received July 11, 1995 / Accepted March 28, 1996
    as

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    More about this item

    Keywords

    Population growth · saving · development;

    JEL classification:

    • J11 - Labor and Demographic Economics - - Demographic Economics - - - Demographic Trends, Macroeconomic Effects, and Forecasts
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance

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