Please use this identifier to cite or link to this item: https://doi.org/10.1016/j.jdeveco.2006.10.002
DC FieldValue
dc.titleEffects of longevity and dependency rates on saving and growth: Evidence from a panel of cross countries
dc.contributor.authorLi, H.
dc.contributor.authorZhang, J.
dc.contributor.authorZhang, J.
dc.date.accessioned2011-02-24T06:54:59Z
dc.date.available2011-02-24T06:54:59Z
dc.date.issued2007
dc.identifier.citationLi, 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
dc.identifier.issn03043878
dc.identifier.urihttp://scholarbank.nus.edu.sg/handle/10635/19963
dc.description.abstractWhile 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.
dc.description.urihttp://libproxy1.nus.edu.sg/login?url=http://dx.doi.org/10.1016/j.jdeveco.2006.10.002
dc.sourceScopus
dc.subjectGrowth
dc.subjectLongevity
dc.subjectOld-age dependency
dc.subjectSaving
dc.typeArticle
dc.contributor.departmentECONOMICS
dc.description.doi10.1016/j.jdeveco.2006.10.002
dc.description.sourcetitleJournal of Development Economics
dc.description.volume84
dc.description.issue1
dc.description.page138-154
dc.identifier.isiut000247234300008
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