Saving, Growth, and Aging in Taiwan

Angus Deaton and Christina Paxson

No 4330, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: This paper examines issues of household saving, growth. and aging in Taiwan. The Taiwanese patterns of high income growth, declines in fertility, and increases in life expectancy all have implications for life-cycle saving. We use data from fifteen consecutive household income and expenditure surveys. from 1976 to 1990, to examine whether observed profiles of consumption and saving are consistent with life-cycle theory. The patterns of consumption and saving across households of different ages and cohorts appear to be broadly consistent with a life-cycle model. However. the data also indicate that household consumption tracks income closely. and this evidence casts doubt on simple life-cycle theory.

JEL-codes: D91 J14 (search for similar items in EconPapers)
Date: 1993-04
Note: AG
References: Add references at CitEc
Citations: View citations in EconPapers (20)

Published as Studies in the Economics of Aging, Wise, David A., ed., Chicago: University of Chicago Press, 1994, pp. 331-357.
Published as Saving, Growth, and Aging in Taiwan , Angus S. Deaton, Christina Paxson. in Studies in the Economics of Aging , Wise. 1994

Downloads: (external link)
http://www.nber.org/papers/w4330.pdf (application/pdf)

Related works:
Chapter: Saving, Growth, and Aging in Taiwan (1994)
Working Paper: Saving, Growth, and Aging in Taiwan (1992)
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:nbr:nberwo:4330

Ordering information: This working paper can be ordered from
http://www.nber.org/papers/w4330

Access Statistics for this paper

More papers in NBER Working Papers from National Bureau of Economic Research, Inc National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A.. Contact information at EDIRC.
Bibliographic data for series maintained by ().