Age Structure and the Personal Savings Rate in the United States, 1956‐1995

John Thornton

Southern Economic Journal, 2001, vol. 68, issue 1, 166-170

Abstract: Cointegration techniques are applied to time series data on the personal savings rate and the age structure of the population in the United States over the period 1956‐1995. The personal savings rate is cointegrated with the ratios of minors and of retired persons to the working‐age population and both of these ratios had a negative and significant impact on the personal savings rate. The results support the life‐cycle hypothesis of savings.

Date: 2001
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https://doi.org/10.1002/j.2325-8012.2001.tb00405.x

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Persistent link: https://EconPapers.repec.org/RePEc:wly:soecon:v:68:y:2001:i:1:p:166-170

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