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dc.titleGone with the Wind: Demographic Transitions and Domestic Saving
dc.contributor.authorCavallo, Eduardo A.
dc.contributor.authorSánchez, Gabriel
dc.contributor.authorValenzuela, Patricio
dc.contributor.orgunitDepartment of Research and Chief Economist
dc.coverageAsia
dc.coverageLatin America
dc.coverageAfrica
dc.coverageEurope
dc.coverageNorth America
dc.date.available2016-04-25T00:00:00
dc.date.issue2016-04-08T00:00:00
dc.description.abstractThis 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.
dc.format.extent41
dc.identifier.doihttp://dx.doi.org/10.18235/0011730
dc.identifier.urlhttps://publications.iadb.org/publications/english/document/Gone-with-the-Wind-Demographic-Transitions-and-Domestic-Saving.pdf
dc.language.isoen
dc.mediumAdobe PDF
dc.publisherInter-American Development Bank
dc.subjectDomestic Saving Rate
dc.subjectDependency Rate
dc.subjectLife Expectancy
dc.subjectDemographic Transition
dc.subjectSaving Behavior
dc.subjectLabor Force
dc.subjectGDP Growth
dc.subjectInvestment and Growth
dc.subject.jelcodeE21 - Consumption • Saving • Wealth
dc.subject.jelcodeJ10 - Demographic Economics: General
dc.subject.jelcodeO16 - Financial Markets • Saving and Capital Investment • Corporate Finance and Governance
dc.subject.keywordsLife Expectancy;Demographic Transition;Domestic savings;Pensions Systems
dc.typeWorking Papers
idb.identifier.pubnumberWorking Papers
idb.operationRG-K1344
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