A comparison of saving rates: microdata evidence from seventeen Latin American and Caribbean countries

Nestor Gandelman

LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library

Abstract: Using microdata on expenditure and income for seventeen Latin American and Caribbean countries, this paper presents stylized facts on saving behavior by age, education, income, and place of residence. Counterfactual saving rates are computed by imposing the saving behavior, the population distribution, or the income distribution of two benchmark economies (the United States and Korea). The results suggest that the difference in national saving rates between Latin America and Caribbean and the benchmark economies can mainly be attributed to differences in saving behavior of the population and, to a lesser extent, to differences in the distribution of the population by education levels. Other demographic or income distribution differences are not quantitatively important as explanations of saving rates.

Keywords: saving rates; Latin America (search for similar items in EconPapers)
JEL-codes: C81 D12 D14 D91 E21 (search for similar items in EconPapers)
Pages: 58 pages
Date: 2016-04-01
References: View references in EconPapers View complete reference list from CitEc
Citations:

Published in Economía, 1, April, 2016, 16(2), pp. 201 - 258. ISSN: 1529-7470

Downloads: (external link)
http://eprints.lse.ac.uk/123245/ Open access version. (application/pdf)

Related works:
Journal Article: A Comparison of Saving Rates: Microdata Evidence from Seventeen Latin American and Caribbean Countries (2016)
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:ehl:lserod:123245

Access Statistics for this paper

More papers in LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library LSE Library Portugal Street London, WC2A 2HD, U.K.. Contact information at EDIRC.
Bibliographic data for series maintained by LSERO Manager ().