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dc.contributor.authorSchultz, T. Paulen_US
dc.date.accessioned2009-01-28T16:16:41Z-
dc.date.available2009-01-28T16:16:41Z-
dc.date.issued2005en_US
dc.identifier.urihttp://hdl.handle.net/10419/20778-
dc.description.abstractLife cycle savings is proposed as one explanation for much of the increase in savings and economic growth in Asia. The association between the age composition of a nation?s population and its savings rate, observed within 16 Asian countries from 1952 to 1992, is reestimated here to be less than a quarter the size reported in a seminal study, which assumed lagged savings is exogenous. Specification tests as well as common sense imply, moreover, that lagged savings is likely to be endogenous, and when estimated accordingly there remains no significant dependence of savings on the age composition, measured in several ways. Research should consider lifetime savings as a substitute for children, and model the causes for the decline in fertility which changes the age compositions and could thereby account for savings and growth in Asia.en_US
dc.language.isoengen_US
dc.publisheren_US
dc.relation.ispartofseriesIZA Discussion paper series 1479en_US
dc.subject.jelO11en_US
dc.subject.jelJ11en_US
dc.subject.jelD91en_US
dc.subject.jelO53en_US
dc.subject.ddc330en_US
dc.subject.keywordlife cycle savingsen_US
dc.subject.keywordagingen_US
dc.subject.keywordAsian growthen_US
dc.subject.keyworddemographic transitionen_US
dc.subject.stwSparenen_US
dc.subject.stwLebenszyklusen_US
dc.subject.stwWirtschaftswachstumen_US
dc.subject.stwAltersstruktur der Bevölkerungen_US
dc.subject.stwAsienen_US
dc.titleDemographic Determinants of Savings : Estimating and Interpreting the Aggregate Association in Asiaen_US
dc.typeWorking Paperen_US
dc.identifier.ppn479749027en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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