A Comparison of Saving Rates: Micro Evidence from Seventeen Latin American and Caribbean Countries
Using micro data on expenditure and income for 17 Latin American and Caribbean (LAC) countries, this paper presents stylized facts on saving behavior by age, education, income and place of residence. Counterfactual saving rates are computed by imposing the saving behavior, the population distribution or the income distribution of two benchmark economies (the United States and Korea). The results suggest that the difference in national saving rates between LAC and the benchmark economies can mainly be attributed to differences in saving behavior of the population and, to a lesser extent, to differences in the distribution of the population by educational levels. Other demographic or income distribution differences are not quantitatively important as explanations of saving rates.
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Inter-American Development Bank
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| Subjects: | Income, Consumption and Saving, Economy, C81 - Methodology for Collecting Estimating and Organizing Microeconomic Data • Data Access, D12 - Consumer Economics: Empirical Analysis, D91 - Intertemporal Household Choice • Life Cycle Models and Saving, E21 - Consumption • Saving • Wealth, Latin America;Saving rates, |
| Online Access: | http://dx.doi.org/10.18235/0011701 https://publications.iadb.org/en/comparison-saving-rates-micro-evidence-seventeen-latin-american-and-caribbean-countries |
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dig-bid-node-122902024-05-30T20:30:06ZA Comparison of Saving Rates: Micro Evidence from Seventeen Latin American and Caribbean Countries 2015-07-01T00:00:00+0000 http://dx.doi.org/10.18235/0011701 https://publications.iadb.org/en/comparison-saving-rates-micro-evidence-seventeen-latin-american-and-caribbean-countries Inter-American Development Bank Income Consumption and Saving Economy C81 - Methodology for Collecting Estimating and Organizing Microeconomic Data • Data Access D12 - Consumer Economics: Empirical Analysis D91 - Intertemporal Household Choice • Life Cycle Models and Saving E21 - Consumption • Saving • Wealth Latin America;Saving rates Using micro data on expenditure and income for 17 Latin American and Caribbean (LAC) countries, this paper presents stylized facts on saving behavior by age, education, income and place of residence. Counterfactual saving rates are computed by imposing the saving behavior, the population distribution or the income distribution of two benchmark economies (the United States and Korea). The results suggest that the difference in national saving rates between LAC and the benchmark economies can mainly be attributed to differences in saving behavior of the population and, to a lesser extent, to differences in the distribution of the population by educational levels. Other demographic or income distribution differences are not quantitatively important as explanations of saving rates. Inter-American Development Bank Néstor Gandelman Working Papers application/pdf IDB Publications Bolivia Brazil Argentina Barbados Costa Rica Mexico Trinidad and Tobago United States Uruguay Bahamas Chile Colombia Ecuador Honduras Panama Paraguay Peru Nicaragua Canada Latin America The Caribbean en |
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Income Consumption and Saving Economy C81 - Methodology for Collecting Estimating and Organizing Microeconomic Data • Data Access D12 - Consumer Economics: Empirical Analysis D91 - Intertemporal Household Choice • Life Cycle Models and Saving E21 - Consumption • Saving • Wealth Latin America;Saving rates Income Consumption and Saving Economy C81 - Methodology for Collecting Estimating and Organizing Microeconomic Data • Data Access D12 - Consumer Economics: Empirical Analysis D91 - Intertemporal Household Choice • Life Cycle Models and Saving E21 - Consumption • Saving • Wealth Latin America;Saving rates |
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Income Consumption and Saving Economy C81 - Methodology for Collecting Estimating and Organizing Microeconomic Data • Data Access D12 - Consumer Economics: Empirical Analysis D91 - Intertemporal Household Choice • Life Cycle Models and Saving E21 - Consumption • Saving • Wealth Latin America;Saving rates Income Consumption and Saving Economy C81 - Methodology for Collecting Estimating and Organizing Microeconomic Data • Data Access D12 - Consumer Economics: Empirical Analysis D91 - Intertemporal Household Choice • Life Cycle Models and Saving E21 - Consumption • Saving • Wealth Latin America;Saving rates Inter-American Development Bank A Comparison of Saving Rates: Micro Evidence from Seventeen Latin American and Caribbean Countries |
| description |
Using micro data on expenditure and income for 17 Latin American and Caribbean (LAC) countries, this paper presents stylized facts on saving behavior by age, education, income and place of residence. Counterfactual saving rates are computed by imposing the saving behavior, the population distribution or the income distribution of two benchmark economies (the United States and Korea). The results suggest that the difference in national saving rates between LAC and the benchmark economies can mainly be attributed to differences in saving behavior of the population and, to a lesser extent, to differences in the distribution of the population by educational levels. Other demographic or income distribution differences are not quantitatively important as explanations of saving rates. |
| author2 |
Néstor Gandelman |
| author_facet |
Néstor Gandelman Inter-American Development Bank |
| format |
Working Papers |
| topic_facet |
Income Consumption and Saving Economy C81 - Methodology for Collecting Estimating and Organizing Microeconomic Data • Data Access D12 - Consumer Economics: Empirical Analysis D91 - Intertemporal Household Choice • Life Cycle Models and Saving E21 - Consumption • Saving • Wealth Latin America;Saving rates |
| author |
Inter-American Development Bank |
| author_sort |
Inter-American Development Bank |
| title |
A Comparison of Saving Rates: Micro Evidence from Seventeen Latin American and Caribbean Countries |
| title_short |
A Comparison of Saving Rates: Micro Evidence from Seventeen Latin American and Caribbean Countries |
| title_full |
A Comparison of Saving Rates: Micro Evidence from Seventeen Latin American and Caribbean Countries |
| title_fullStr |
A Comparison of Saving Rates: Micro Evidence from Seventeen Latin American and Caribbean Countries |
| title_full_unstemmed |
A Comparison of Saving Rates: Micro Evidence from Seventeen Latin American and Caribbean Countries |
| title_sort |
comparison of saving rates: micro evidence from seventeen latin american and caribbean countries |
| publisher |
Inter-American Development Bank |
| url |
http://dx.doi.org/10.18235/0011701 https://publications.iadb.org/en/comparison-saving-rates-micro-evidence-seventeen-latin-american-and-caribbean-countries |
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AT interamericandevelopmentbank acomparisonofsavingratesmicroevidencefromseventeenlatinamericanandcaribbeancountries AT interamericandevelopmentbank comparisonofsavingratesmicroevidencefromseventeenlatinamericanandcaribbeancountries |
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