Why countries become wealthy: the effects of adult longevity on saving

Kinugasa, Tomoko; & Mason, Andrew. (2007). Why countries become wealthy: the effects of adult longevity on saving. World Development, 35(1), 1-23.

Citation:

Kinugasa, Tomoko; & Mason, Andrew. (2007). Why countries become wealthy: the effects of adult longevity on saving. World Development, 35(1), 1-23.

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Abstract:

We analyze steady-state & out-of-steady-state effects of the transition in adult longevity on the national saving rate using historical data & international panel data. The rise in adult life expectancy has a large & statistically significant effect on aggregate saving. The effects have been especially pronounced in East Asia because its mortality transition was very rapid. Gains in life expectancy are much more important than declines in child dependency. Population aging may not lead to lower saving rates in the future if life expectancy & the duration of retirement continue to increase. Tables, Figures, Appendixes, References. [Copyright 2006 Elsevier Ltd.]

URL:

http://dx.doi.org/10.1016/j.worlddev.2006.09.002

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Reference Type:
JOUR

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Series Title:

Author(s):
Kinugasa, Tomoko
Mason, Andrew

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Series Author(s):

Year Published:
2007

Date Published:

Journal Name:
World Development

Volume Number:
35

Issue Number:
1

Start Page Number:
1-23

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ISSN/ISBN:
0305-750X

DOI:
10.1016/j.worlddev.2006.09.002

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Reference ID:
76

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Why countries become wealthy: the effects of adult longevity on saving