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- W1497485317 abstract "This paper is concerned with the effects that changes in demographic structure have had on Taiwans national saving rate and how coming changes in its age structure will affect the future saving rate. Examined within the framework of the life cycle hypothesis the approach enables researchers to recognize that people regroup from one household to another over time requiring no arbitrary assumptions about how changes in population structure affect household formation and structure. Several important results emerge from the analysis. First that the increase in Taiwans saving rate cannot be explained by the life cycle mechanism which attributes changes in aggregate saving to changes in relative population and relative resource weights over an unchanging age profile of saving. Second that the upward trend in saving is not an aggregation effect but an individual effect. Third that there is no overall correlation between age and saving rates so that there are no large differences in aggregate saving rates across populations in demographic equilibrium at different population growth rates. However changes in population structure through a demographic transition can have temporary effects on saving rates relative to demographic equilibrium due to the two- troughs age profile of saving." @default.
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- W1497485317 date "2000-01-01" @default.
- W1497485317 modified "2023-09-23" @default.
- W1497485317 title "Growth, Demographic Structure, and National Saving in Taiwan" @default.
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