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dc.contributor.authorSchultz, T. Paulen
dc.date.accessioned2009-01-28T16:16:41Z-
dc.date.available2009-01-28T16:16:41Z-
dc.date.issued2005-
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 andeconomic growth in Asia. The association between the age composition of a nation?spopulation and its savings rate, observed within 16 Asian countries from 1952 to 1992, isreestimated here to be less than a quarter the size reported in a seminal study, whichassumed lagged savings is exogenous. Specification tests as well as common sense imply,moreover, that lagged savings is likely to be endogenous, and when estimated accordinglythere remains no significant dependence of savings on the age composition, measured inseveral ways. Research should consider lifetime savings as a substitute for children, andmodel the causes for the decline in fertility which changes the age compositions and couldthereby account for savings and growth in Asia.en
dc.language.isoengen
dc.publisher|aInstitute for the Study of Labor (IZA) |cBonnen
dc.relation.ispartofseries|aIZA Discussion Papers |x1479en
dc.subject.jelO11en
dc.subject.jelJ11en
dc.subject.jelD91en
dc.subject.jelO53en
dc.subject.ddc330en
dc.subject.keywordlife cycle savingsen
dc.subject.keywordagingen
dc.subject.keywordAsian growthen
dc.subject.keyworddemographic transitionen
dc.subject.stwSparenen
dc.subject.stwLebenszyklusen
dc.subject.stwWirtschaftswachstumen
dc.subject.stwAltersstruktur der Bevölkerungen
dc.subject.stwAsienen
dc.titleDemographic Determinants of Savings : Estimating and Interpreting the Aggregate Association in Asia-
dc.typeWorking Paperen
dc.identifier.ppn479749027en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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