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A comparison of saving rates: micro evidence from sixteen Latin American andCaribbean countries

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  • Nestor Gandelman

    (Universidad ORT Uruguay. Facultad de Administración y Ciencias Sociales. Departmento de Economía)

Abstract

Using micro data on expenditure and income for sixteen Latin American and Caribbean (LAC) countries we present stylized facts of saving behavior by age, education, income and place of residence. We compute counterfactuals saving rates by imposing the saving behavior, the population distribution or the income distribution of two benchmark economies (USA and Korea). Our results suggest that the difference in national saving rates between LAC and the benchmark economies can mainly be attributed to differences in saving behavior of the population and to a lower degree to differences in the distribution of the population by educational levels. Other demographic or income distribution differences are not quantitatively important as explanations of saving rates.

Suggested Citation

  • Nestor Gandelman, "undated". "A comparison of saving rates: micro evidence from sixteen Latin American andCaribbean countries," Documentos de Investigación 101, Universidad ORT Uruguay. Facultad de Administración y Ciencias Sociales.
    • Handle: RePEc:avs:wpaper:101
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    References listed on IDEAS

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    More about this item

    Keywords

    saving rates; Latin America;

    JEL classification:

    • C81 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Microeconomic Data; Data Access
    • D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
    • D14 - Microeconomics - - Household Behavior - - - Household Saving; Personal Finance
    • D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth

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