Does Cultural Origin Affect Saving Behavior? Evidence from Immigrants

Christopher Carroll (), Byung-Kun Rhee and Changyong Rhee

No 6568, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: Because efforts to explain international saving differentials using traditional economic variables have not been very successful (Bosworth, 1993), some economists have proposed that national saving differences reflect cultural differences. We attempt to test that hypothesis by using data from the US Census to examine whether immigrants to the US from high-saving countries tend to save more than immigrants from low-saving countries. While we do find highly statistically significant differences in immigrants' saving behavior by country of origin, those differences do not match up with the differences in national saving rates. In particular, immigrants from high-saving Asian countries do not save more than other immigrants.

JEL-codes: D1 D8 (search for similar items in EconPapers)
Date: Written
Note: ME
View list of references View citations in EconPapers

Downloads: (external link)
http://www.nber.org/papers/w6568.pdf (application/pdf)
Access to the full text is generally limited to series subscribers, however if the top level domain of the client browser is in a developing country or transition economy free access is provided. More information about subscriptions and free access is available at http://www.nber.org/wwphelp.html.

Related works:
Working Paper: Does Cultural Origin Affect Saving Behaviour? Evidence From Immigrants (1998)
Journal Article: Does Cultural Origin Affect Saving Behavior? Evidence from Immigrants (1999)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:nbr:nberwo:6568

Ordering information: This working paper can be ordered from
http://www.nber.org/papers/w6568
The price is Paper copy available by mail.

Access Statistics for this paper

More papers in NBER Working Papers from National Bureau of Economic Research, Inc
Address: National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A.
Contact information at EDIRC.
Series data maintained by ().