Do the Rich Save More in Latin America?
This paper follows two strategies to address whether the rich save more. First, the paper implements a two-stage procedure in which the household's lifetime income is instrumented with the education level of the household head and the education level of his/her partner. Second, using information on home assets, the paper constructs a wealth index. There is evidence that the richest households save more in Argentina, Bolivia, Brazil, Costa Rica, Ecuador, Honduras, Mexico, Panama, Paraguay and Peru. On the other hand, no differences are found in saving rates by lifetime income or wealth in Bahamas, Chile, Colombia and Uruguay.
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| Language: | English |
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Inter-American Development Bank
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| Subjects: | Income, Consumption and Saving, C81 - Methodology for Collecting Estimating and Organizing Microeconomic Data • Data Access, D12 - Consumer Economics: Empirical Analysis, E21 - Consumption • Saving • Wealth, Median regressions;Latin America;Saving rates;Two-stage procedures, |
| Online Access: | http://dx.doi.org/10.18235/0011692 https://publications.iadb.org/en/do-rich-save-more-latin-america |
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dig-bid-node-122222024-05-30T20:30:06ZDo the Rich Save More in Latin America? 2015-04-30T00:00:00+0000 http://dx.doi.org/10.18235/0011692 https://publications.iadb.org/en/do-rich-save-more-latin-america Inter-American Development Bank Income Consumption and Saving C81 - Methodology for Collecting Estimating and Organizing Microeconomic Data • Data Access D12 - Consumer Economics: Empirical Analysis E21 - Consumption • Saving • Wealth Median regressions;Latin America;Saving rates;Two-stage procedures This paper follows two strategies to address whether the rich save more. First, the paper implements a two-stage procedure in which the household's lifetime income is instrumented with the education level of the household head and the education level of his/her partner. Second, using information on home assets, the paper constructs a wealth index. There is evidence that the richest households save more in Argentina, Bolivia, Brazil, Costa Rica, Ecuador, Honduras, Mexico, Panama, Paraguay and Peru. On the other hand, no differences are found in saving rates by lifetime income or wealth in Bahamas, Chile, Colombia and Uruguay. Inter-American Development Bank Néstor Gandelman Working Papers application/pdf IDB Publications Bolivia Brazil Chile Panama Mexico Uruguay Argentina Bahamas Colombia Ecuador Paraguay Peru Honduras Costa Rica Latin America en |
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dig-bid |
| tag |
biblioteca |
| region |
America del Norte |
| libraryname |
Biblioteca Felipe Herrera del BID |
| language |
English |
| topic |
Income Consumption and Saving C81 - Methodology for Collecting Estimating and Organizing Microeconomic Data • Data Access D12 - Consumer Economics: Empirical Analysis E21 - Consumption • Saving • Wealth Median regressions;Latin America;Saving rates;Two-stage procedures Income Consumption and Saving C81 - Methodology for Collecting Estimating and Organizing Microeconomic Data • Data Access D12 - Consumer Economics: Empirical Analysis E21 - Consumption • Saving • Wealth Median regressions;Latin America;Saving rates;Two-stage procedures |
| spellingShingle |
Income Consumption and Saving C81 - Methodology for Collecting Estimating and Organizing Microeconomic Data • Data Access D12 - Consumer Economics: Empirical Analysis E21 - Consumption • Saving • Wealth Median regressions;Latin America;Saving rates;Two-stage procedures Income Consumption and Saving C81 - Methodology for Collecting Estimating and Organizing Microeconomic Data • Data Access D12 - Consumer Economics: Empirical Analysis E21 - Consumption • Saving • Wealth Median regressions;Latin America;Saving rates;Two-stage procedures Inter-American Development Bank Do the Rich Save More in Latin America? |
| description |
This paper follows two strategies to address whether the rich save more. First, the paper implements a two-stage procedure in which the household's lifetime income is instrumented with the education level of the household head and the education level of his/her partner. Second, using information on home assets, the paper constructs a wealth index. There is evidence that the richest households save more in Argentina, Bolivia, Brazil, Costa Rica, Ecuador, Honduras, Mexico, Panama, Paraguay and Peru. On the other hand, no differences are found in saving rates by lifetime income or wealth in Bahamas, Chile, Colombia and Uruguay. |
| author2 |
Néstor Gandelman |
| author_facet |
Néstor Gandelman Inter-American Development Bank |
| format |
Working Papers |
| topic_facet |
Income Consumption and Saving C81 - Methodology for Collecting Estimating and Organizing Microeconomic Data • Data Access D12 - Consumer Economics: Empirical Analysis E21 - Consumption • Saving • Wealth Median regressions;Latin America;Saving rates;Two-stage procedures |
| author |
Inter-American Development Bank |
| author_sort |
Inter-American Development Bank |
| title |
Do the Rich Save More in Latin America? |
| title_short |
Do the Rich Save More in Latin America? |
| title_full |
Do the Rich Save More in Latin America? |
| title_fullStr |
Do the Rich Save More in Latin America? |
| title_full_unstemmed |
Do the Rich Save More in Latin America? |
| title_sort |
do the rich save more in latin america? |
| publisher |
Inter-American Development Bank |
| url |
http://dx.doi.org/10.18235/0011692 https://publications.iadb.org/en/do-rich-save-more-latin-america |
| work_keys_str_mv |
AT interamericandevelopmentbank dotherichsavemoreinlatinamerica |
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1809107255633641472 |