Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/146471
Authors: 
Cavallo, Eduardo
Sánchez, Gabriel
Valenzuela, Patricio
Year of Publication: 
2016
Series/Report no.: 
IDB Working Paper Series IDB-WP-688
Abstract: 
This study explores the relationship between demographic factors and saving rates using a panel dataset covering 110 countries between 1963 and 2012. In line with predictions from theory, this paper finds that lower dependency rates and greater longevity increase domestic saving rates. However, these effects are statistically robust only in Asia. In particular, Latin America, which is a region that has undergone a remarkably similar demographic transition, did not experience the same boost in saving rates as Asia. The paper highlights that the potential dividends arising from a favorable demographic transition are not automatically accrued. This is a sobering message at a time when the demographic tide is shifting in the world.
Subjects: 
Demographic dividend
Dependency rates
Saving rates
JEL: 
E21
J10
O16
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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