Dependency Rates and Private Savings Behavior in Developing Countries:
A firm theoretical basis for the empirical relationship between dependency rates and savings behavior in developing countries is still lacking. Two demographic extensions of the representative household's stochastic dynamic optimization problem are presented here. It is shown that the relations...
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
1988
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Schriftenreihe: | IMF Working Papers
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Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | A firm theoretical basis for the empirical relationship between dependency rates and savings behavior in developing countries is still lacking. Two demographic extensions of the representative household's stochastic dynamic optimization problem are presented here. It is shown that the relationship between expected dependency rates and consumption growth depends on two parameters: the demographically varying committed consumption and the intertemporal elasticity of substitution. Thus, the expected path of demographic variables can provide information on the consumers' willingness to smooth consumption, and on the savings responsiveness to changes in the real interest rate |
Beschreibung: | 1 Online-Ressource (18 p) |
ISBN: | 1451926367 9781451926361 |
Internformat
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spelling | International Monetary Fund Verfasser aut Dependency Rates and Private Savings Behavior in Developing Countries Washington, D.C International Monetary Fund 1988 1 Online-Ressource (18 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers A firm theoretical basis for the empirical relationship between dependency rates and savings behavior in developing countries is still lacking. Two demographic extensions of the representative household's stochastic dynamic optimization problem are presented here. It is shown that the relationship between expected dependency rates and consumption growth depends on two parameters: the demographically varying committed consumption and the intertemporal elasticity of substitution. Thus, the expected path of demographic variables can provide information on the consumers' willingness to smooth consumption, and on the savings responsiveness to changes in the real interest rate Online-Ausg International Monetary Fund Sonstige oth http://elibrary.imf.org/view/IMF001/14843-9781451926361/14843-9781451926361/14843-9781451926361.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Dependency Rates and Private Savings Behavior in Developing Countries |
title | Dependency Rates and Private Savings Behavior in Developing Countries |
title_auth | Dependency Rates and Private Savings Behavior in Developing Countries |
title_exact_search | Dependency Rates and Private Savings Behavior in Developing Countries |
title_exact_search_txtP | Dependency Rates and Private Savings Behavior in Developing Countries |
title_full | Dependency Rates and Private Savings Behavior in Developing Countries |
title_fullStr | Dependency Rates and Private Savings Behavior in Developing Countries |
title_full_unstemmed | Dependency Rates and Private Savings Behavior in Developing Countries |
title_short | Dependency Rates and Private Savings Behavior in Developing Countries |
title_sort | dependency rates and private savings behavior in developing countries |
url | http://elibrary.imf.org/view/IMF001/14843-9781451926361/14843-9781451926361/14843-9781451926361.xml |
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