Empirical Determinants of Household Saving: Evidence From OECD Countries

Tim Callen and Christian Thimann

No 1997/181, IMF Working Papers from International Monetary Fund

Abstract: This paper analyzes the empirical determinants of household saving using data from 21 OECD countries for 1975-95. A particular focus is the influence of the tax and social security systems on household saving. The paper therefore extends the usual set of explanatory variables used to explain household saving behavior to include variables that capture the structure of the tax system and the financing and generosity of the social security and welfare system. These variables are found to have an important impact on household saving. Accordingly, by changing the design of these systems, governments may be able to influence saving.

Keywords: WP; household saving; high-saving age groups; saving decision change; Tax Structure; Social Security System; government saving; high-saving country; saving rate; growth variable; Income; Social security contributions; Income tax systems; Real interest rates; Income and capital gains taxes; Australia and New Zealand (search for similar items in EconPapers)
Pages: 26
Date: 1997-12-01
References: Add references at CitEc
Citations: View citations in EconPapers (68)

Downloads: (external link)
http://www.imf.org/external/pubs/cat/longres.aspx?sk=2454 (application/pdf)

Related works:
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:imf:imfwpa:1997/181

Ordering information: This working paper can be ordered from
http://www.imf.org/external/pubs/pubs/ord_info.htm

Access Statistics for this paper

More papers in IMF Working Papers from International Monetary Fund International Monetary Fund, Washington, DC USA. Contact information at EDIRC.
Bibliographic data for series maintained by Akshay Modi ().