 The Effects of Demographic and Social Changes on Household Savings in TurkeyCentral Bank Review, 2014, vol. 14, issue 3, 15-33 Abstract: The aim of this paper is to examine and quantify the impact of demographic change on household savings, which is expected to take place in the following years in Turkey. Moreover, the effects of the increase in the share of people with college degree or more in adult population and the rise in labor force participation rates on household savings are analyzed in this paper. Under the assumption that a change in the structure of population will be accompanied with rising labor force participation rates and increasing ratio of college graduates, household saving ratio is projected to increase by 7.61 percentage points between 2010 and 2050. The sole contribution of the change in the structure of population will be 1.91 percentage points, while the contributions of the increases in labor force participation rates and the share of college graduates are expected to be 1.45 and 4.59 percentage points, respectively. According to our empirical findings, the expected increase in the ratio of college graduate has the highest impact on household savings among the factors taken into account. Keywords: Household savings; Demographic change; College education; Labor force participation rates; Saving projections (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:tcb:cebare:v:14:y:2014:i:3:p:15-33 Access Statistics for this article More articles in Central Bank Review from Research and Monetary Policy Department, Central Bank of the Republic of Turkey Contact information at EDIRC. |
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