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The impact of pension schemes on saving in Israel

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  • Yaacov Lavi
  • Avia Spak

Abstract

Israeli micro and macro data indicate that consumption smoothing is limited and thus pension savings increase private and national savings. Since private savings rates are, to a great extent, unequal across different income groups, saving is almost exclusively concentrated in the upper two quintiles.

Suggested Citation

  • Yaacov Lavi & Avia Spak, 1999. "The impact of pension schemes on saving in Israel," Applied Economics, Taylor & Francis Journals, vol. 31(6), pages 761-774.
    • Handle: RePEc:taf:applec:v:31:y:1999:i:6:p:761-774
    DOI: 10.1080/000368499323977
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    References listed on IDEAS

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    1. Christopher D. Carroll, 1991. "Buffer stock saving and the permanent income hypothesis," Working Paper Series / Economic Activity Section 114, Board of Governors of the Federal Reserve System (U.S.).
    2. James M. Poterba, 1994. "International Comparisons of Household Saving," NBER Books, National Bureau of Economic Research, Inc, number pote94-1, August.
    3. James M. Poterba, 1994. "Introduction to "International Comparisons of Household Saving"," NBER Chapters, in: International Comparisons of Household Saving, pages 1-10, National Bureau of Economic Research, Inc.
    4. Ayse Imrohoroglu & Selahattin Imrohoroglu & Douglas H. Joines, 1994. "The effect of tax-favored retirement accounts on capital accumulation and welfare," Discussion Paper / Institute for Empirical Macroeconomics 92, Federal Reserve Bank of Minneapolis.
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    Cited by:

    1. Mariacristina Rossi, 2009. "Examining the Interaction between Saving and Contributions to Personal Pension Plans: Evidence from the BHPS," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 71(2), pages 253-271, April.
    2. Peter Kesting, 2010. "Why it is possible that wages and pensions can increase simultaneously in an ageing and stagnating % A theoretical investigation and a simulation of the German case," Applied Economics, Taylor & Francis Journals, vol. 42(6), pages 727-738.

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