Why Nations Become Wealthy: The Effects of Adult Longevity on Saving.
نویسندگان
چکیده
We analyze steady state and out-of-steady-state effects of the transition in adult longevity on the national saving rate using historical data and international panel data. The rise in adult life expectancy has a large and statistically significant effect on aggregate saving. The effects have been especially pronounced in East Asia because its mortality transition was very rapid. Gains in life expectancy are much more important than declines in child dependency. Population aging may not lead to lower saving rates in the future if life expectancy and the duration of retirement continue to increase.
منابع مشابه
The Effects of Adult Longevity on Saving
Many countries experienced a remarkable increase in life expectancy during the 20th century, but the development implications have received only modest attention. We analyze steady state and out-of-steady-state effects of the transition in adult longevity on the national saving rate using an overlapping generations model. We show that the national saving rate depends on both the level and rate ...
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عنوان ژورنال:
- World development
دوره 35 1 شماره
صفحات -
تاریخ انتشار 2007