Determinants of Private Saving with Special Reference to the Role of Social Security—Cross-country Tests

Franco Modigliani and Arlie Sterling

Chapter 2 in The Determinants of National Saving and Wealth, 1983, pp 24-55 from Palgrave Macmillan

Abstract: Abstract The aim of this paper is to develop and test hypotheses designed to explain international differences in saving behaviour. These hypotheses are derived from the life cycle hypothesis, which suggests that such differences may be explained by differences in the rate of growth of per capita income, length of retirement, demographic factors and the availability of social security retirement pensions. Attention is focused on the role played by social security. The life cycle hypothesis explains much of the international variation in saving behaviour, and although one can identify both savings replacement and induced retirement effects for social security they appear almost to offset each other.

Keywords: Social Security; Saving Rate; Social Security System; Replacement Effect; Private Saving (search for similar items in EconPapers)
Date: 1983
References: Add references at CitEc
Citations: View citations in EconPapers (37)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
Working Paper: Determinants of private saving with special reference to the role of social security: cross country tests (1981)
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: https://EconPapers.repec.org/RePEc:pal:intecp:978-1-349-17028-9_2

Ordering information: This item can be ordered from
http://www.palgrave.com/9781349170289

DOI: 10.1007/978-1-349-17028-9_2

Access Statistics for this chapter

More chapters in International Economic Association Series from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().