The impact of pension schemes on saving in Israel

Yaacov Lavi and Avia Spak

Applied Economics, 1999, vol. 31, issue 6, 761-774

Abstract: Israeli micro and macro data indicate that consumption smoothing is limited and thus pension savings increase private and national savings. Since private savings rates are, to a great extent, unequal across different income groups, saving is almost exclusively concentrated in the upper two quintiles.

Date: 1999
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DOI: 10.1080/000368499323977

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