Please use this identifier to cite or link to this item:
|Title:||Effects of longevity and dependency rates on saving and growth: Evidence from a panel of cross countries|
|Citation:||Li, H., Zhang, J., Zhang, J. (2007). Effects of longevity and dependency rates on saving and growth: Evidence from a panel of cross countries. Journal of Development Economics 84 (1) : 138-154. ScholarBank@NUS Repository. https://doi.org/10.1016/j.jdeveco.2006.10.002|
|Abstract:||While earlier empirical studies found a negative saving effect of old-age dependency rates without considering longevity, recent studies have found that longevity has a positive effect on growth without considering old-age dependency rates. In this paper, we first justify the related yet independent roles of longevity and old-age dependency rates in determining saving and growth by using a growth model that encompasses both neoclassical and endogenous growth models as special cases. Using panel data from a recent World Bank data set, we then find that the longevity effect is positive and the dependency effect is negative in savings and investment regressions. The estimates indicate that the differences in the demographic variables across countries or over time can well explain the differences in aggregate savings rates. We also find that both population age structure and life expectancy are important contributing factors to growth.©2006 Elsevier B.V. All rights reserved.|
|Source Title:||Journal of Development Economics|
|Appears in Collections:||Staff Publications|
Show full item record
Files in This Item:
There are no files associated with this item.
checked on Aug 16, 2018
WEB OF SCIENCETM
checked on Jul 31, 2018
checked on Jul 28, 2018
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.