Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/115544
Authors: 
Gandelman, Néstor
Year of Publication: 
2015
Series/Report no.: 
IDB Working Paper Series IDB-WP-602
Abstract: 
Using micro data on expenditure and income for 17 Latin American and Caribbean (LAC) countries, this paper presents stylized facts on saving behavior by age, education, income and place of residence. Counterfactual saving rates are computed by imposing the saving behavior, the population distribution or the income distribution of two benchmark economies (the United States and Korea). The 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 lesser extent, 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.
Subjects: 
Saving rates
Latin America
JEL: 
C81
D12
D14
D91
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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