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Why countries become wealthy: the effects of adult longevity on saving

Citation

Kinugasa, Tomoko & Mason, Andrew (2007). Why countries become wealthy: the effects of adult longevity on saving. World Development, 35(1), 1-23.

Abstract

We analyze steady-state & out-of-steady-state effects of the transition in adult longevity on the national saving rate using historical data & international panel data. The rise in adult life expectancy has a large & statistically significant effect on aggregate saving. The effects have been especially pronounced in East Asia because its mortality transition was very rapid. Gains in life expectancy are much more important than declines in child dependency. Population aging may not lead to lower saving rates in the future if life expectancy & the duration of retirement continue to increase. Tables, Figures, Appendixes, References. [Copyright 2006 Elsevier Ltd.]

URL

http://dx.doi.org/10.1016/j.worlddev.2006.09.002

Reference Type

Journal Article

Year Published

2007

Journal Title

World Development

Author(s)

Kinugasa, Tomoko
Mason, Andrew