Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/169325
Authors: 
Horioka, Charles Yuji
Terada-Hagiwara, Akiko
Year of Publication: 
2016
Series/Report no.: 
ADB Economics Working Paper Series 494
Abstract: 
This paper estimates a household saving rate equation for India and the Republic of Korea using longterm time series data for the 1975-2010 period, focusing in particular on the impact of the premarital sex ratio on the household saving rate. To summarize the main findings of the paper, it finds that the premarital sex (or gender) ratio (the ratio of males to females) has a significant impact on the household saving rate in both India and the Republic of Korea, even after controlling for the usual suspects such as the aged and youth dependency ratios and income. It has a negative impact in India, where the bride's side has to pay substantial dowries to the groom's side at marriage, but a positive impact in the Republic of Korea, where, as in the People's Republic of China, the groom's side has to bear a disproportionate share of marriage-related expenses including purchasing a house or condominium for the newlywed couple.
Subjects: 
age structure of the population
competitive saving motive
dowries
gender ratio
household saving rate
India
life cycle hypothesis
marriage expenses
population control
premarital sex ratio
Republic of Korea
saving for education
saving for marriage
saving rate
sex ratio
son preference
wedding expenses
JEL: 
D12
D14
D91
E21
J11
J12
O16
Creative Commons License: 
http://creativecommons.org/licenses/by/3.0/igo/
Document Type: 
Working Paper

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