Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/115531
Authors: 
Gandelman, Néstor
Year of Publication: 
2015
Series/Report no.: 
IDB Working Paper Series IDB-WP-588
Abstract: 
This paper follows two strategies to address whether the rich save more. First, the paper implements a two-stage procedure in which the household's lifetime income is instrumented with the education level of the household head and the education level of his/her partner. Second, using information on home assets, the paper constructs a wealth index. There is evidence that the richest households save more in Argentina, Bolivia, Brazil, Costa Rica, Ecuador, Honduras, Mexico, Panama, Paraguay and Peru. On the other hand, no differences are found in saving rates by lifetime income or wealth in Bahamas, Chile, Colombia and Uruguay.
Subjects: 
Saving rates
Two-stage procedures
Median regressions
Latin America
JEL: 
C81
D12
D14
E21
Persistent Identifier of the first edition: 
Creative Commons License: 
http://creativecommons.org/licenses/by-nc-nd/3.0/igo/legalcode
Document Type: 
Working Paper

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