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- W1680283052 abstract "East Asia and Latin America have diverged in several dimensions in the past three decades. This paper compares household saving behavior in two countries in each region, using synthetic cohort techniques, to shed light over some of their differences. The counties analyzed are Mexico, Peru, Thailand and Taiwan. The paper compares savings at the micro level for these two regions. The authors desegregate the population into education groups to determine whether there are differences in saving behavior along the distribution of income. The evidence for Latin America provides insights about the evolution of savings and the capacity of different groups to smooth out shocks during crisis, which is of relevance for policies aimed at protecting vulnerable groups during crisis such as the recent years in East Asia. The authors provide evidence about the usefulness of the life-cycle theory for explaining the facts, and present some forecasts that inform on whether future demographic changes will bridge or intensify the differences in household saving between these two regions." @default.
- W1680283052 created "2016-06-24" @default.
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- W1680283052 date "2001-01-01" @default.
- W1680283052 modified "2023-09-27" @default.
- W1680283052 title "Household Saving In Developing Countries: Inequality, Demographics And All That. How Different Are Latin America And South East Asia?" @default.
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- W1680283052 doi "https://doi.org/10.2139/ssrn.258852" @default.
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