Gone with the wind: demographic transitions and domestic saving

Eduardo Cavallo, Gabriel Sánchez and Patricio Valenzuela

No 324, Documentos de Trabajo from Centro de Economía Aplicada, Universidad de Chile

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. JEL classifications: E21; J10;O16. Key words: Keywords: Demographic dividend, Dependency rates, Saving rates

Date: 2016
New Economics Papers: this item is included in nep-age, nep-lab, nep-lam and nep-sea
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Citations: View citations in EconPapers (3)

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Related works:
Journal Article: Gone with the wind: Demographic transitions and domestic saving (2018)
Working Paper: Gone with the Wind: Demographic Transition and Domestic Saving (2016)
Working Paper: Gone with the Wind: Demographic Transitions and Domestic Saving (2016)
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Persistent link: https://EconPapers.repec.org/RePEc:edj:ceauch:324

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