A comparison of saving rates: microdata evidence from seventeen Latin American and Caribbean countries

Gandelman, Néstor (2016) A comparison of saving rates: microdata evidence from seventeen Latin American and Caribbean countries. Economía, 16 (2). 201 - 258. ISSN 1529-7470

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• https://economia.lse.ac.uk/articles/10.3...

Abstract

Using microdata on expenditure and income for seventeen Latin American and Caribbean countries, this paper presents stylized facts on saving behavior by age, education, income, and place of residence. Counterfactual saving rates are computed by imposing the saving behavior, the population distribution, or the income distribution of two benchmark economies (the United States and Korea). The results suggest that the difference in national saving rates between Latin America and Caribbean and the benchmark economies can mainly be attributed to differences in saving behavior of the population and, to a lesser extent, to differences in the distribution of the population by education levels. Other demographic or income distribution differences are not quantitatively important as explanations of saving rates.

Item Type:	Article
Official URL:	https://economia.lse.ac.uk/
Additional Information:	© 2016 LACTEA
Divisions:	LSE
Subjects:	H Social Sciences > HC Economic History and Conditions
JEL classification:	E - Macroeconomics and Monetary Economics > E2 - Consumption, Saving, Production, Employment, and Investment > E21 - Macroeconomics: Consumption; Saving; Aggregate Physical and Financial Consumer Wealth C - Mathematical and Quantitative Methods > C8 - Data Collection and Data Estimation Methodology; Computer Programs > C81 - Methodology for Collecting, Estimating, and Organizing Microeconomic Data D - Microeconomics > D9 - Intertemporal Choice and Growth > D91 - Intertemporal Consumer Choice; Life Cycle Models and Saving D - Microeconomics > D1 - Household Behavior and Family Economics > D12 - Consumer Economics: Empirical Analysis D - Microeconomics > D1 - Household Behavior and Family Economics > D14 - Personal Finance
Date Deposited:	08 Jul 2024 12:33
Last Modified:	08 Jul 2024 12:33
URI:	http://eprints.lse.ac.uk/id/eprint/123245

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