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dc.titleDo the Rich Save More in Latin America?
dc.contributor.authorGandelman, Néstor
dc.contributor.orgunitDepartment of Research and Chief Economist
dc.coverageBolivia
dc.coverageBrazil
dc.coverageChile
dc.coveragePanama
dc.coverageMexico
dc.coverageUruguay
dc.coverageArgentina
dc.coverageBahamas
dc.coverageColombia
dc.coverageEcuador
dc.coverageParaguay
dc.coveragePeru
dc.coverageHonduras
dc.coverageCosta Rica
dc.coverageLatin America
dc.date.available2015-05-05T00:00:00
dc.date.issue2015-04-30T00:00:00
dc.description.abstractThis 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.
dc.format.extent33
dc.identifier.doihttp://dx.doi.org/10.18235/0011692
dc.identifier.urlhttps://publications.iadb.org/publications/english/document/Do-the-Rich-Save-More-in-Latin-America.pdf
dc.language.isoen
dc.mediumAdobe PDF
dc.publisherInter-American Development Bank
dc.subjectIncome, Consumption and Saving
dc.subject.jelcodeC81 - Methodology for Collecting, Estimating, and Organizing Microeconomic Data • Data Access
dc.subject.jelcodeD12 - Consumer Economics: Empirical Analysis
dc.subject.jelcodeE21 - Consumption • Saving • Wealth
dc.subject.keywordsMedian regressions;Latin America;Saving rates;Two-stage procedures
dc.typeWorking Papers
idb.identifier.pubnumberWorking Papers
idb.operationRG-K1344
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