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Life cycle theory and the impact of the rate of economic growth on saving

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  • Stephen Triantis

Abstract

The life cycle explanation of the positive impact of a country's rate of economic growth on its saving ratio appears questionable: its two premises, that the retirees' share of total income declines and that, consequently, income shifts from dissavers to savers, are found wanting.

Suggested Citation

  • Stephen Triantis, 1997. "Life cycle theory and the impact of the rate of economic growth on saving," Applied Economics Letters, Taylor & Francis Journals, vol. 4(11), pages 661-663.
    • Handle: RePEc:taf:apeclt:v:4:y:1997:i:11:p:661-663
    DOI: 10.1080/758530644
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    References listed on IDEAS

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    1. Carroll, Christopher D. & Weil, David N., 1994. "Saving and growth: a reinterpretation," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 40(1), pages 133-192, June.
    2. Paxson, Christina, 1996. "Saving and growth: Evidence from micro data," European Economic Review, Elsevier, vol. 40(2), pages 255-288, February.
    3. Laurence J. Kotlikoff, 1989. "What Determines Savings?," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262611872, December.
    4. Alwyn Young, 1994. "The Tyranny of Numbers: Confronting the Statistical Realities of the East Asian Growth Experience," NBER Working Papers 4680, National Bureau of Economic Research, Inc.
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    Cited by:

    1. Sinha, Dipendra & Sinha, Tapen, 2007. "Toda and Yamamoto Causality Tests Between Per Capita Saving and Per Capita GDP for India," MPRA Paper 2564, University Library of Munich, Germany.

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