Testing the effect of population ageing on national saving rates: panel data evidence from Europe

Marta Pascual-Sáez, David Cantarero () and María González-Diego

No 1803, Working Papers. Collection B: Regional and sectoral economics from Universidade de Vigo, GEN - Governance and Economics research Network

Abstract: The objective of this study is to test the relationships between population ageing and gross saving rates in European countries. We use panel data techniques to explore the possible non-linearity between it. We show that the dependency ratio, when is significant, negatively affects gross saving rates. Besides, life expectancy has non-linear effects on saving rates and rising longevity is a main factor to explain saving rates at national levels. European countries are concerned about the delivery of benefits and services and financial sustainability of their welfare state and increase gross national savings rates can help to fill this gap.

Keywords: population ageing; gross saving rates; old-age dependency ratio; life expectancy; longevity; European countries. (search for similar items in EconPapers)
JEL-codes: E21 J11 (search for similar items in EconPapers)
Pages: 18 pages
Date: 2018-03
New Economics Papers: this item is included in nep-age and nep-eec
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:gov:wpregi:1803

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