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A comparison of saving rates: microdata evidence from seventeen Latin American and Caribbean countries

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  • Gandelman, Néstor

Abstract

Using microdata on expenditure and income for seventeen Latin American and Caribbean countries, this paper presents stylized facts on saving behavior by age, education, income, and place of residence. Counterfactual saving rates are computed by imposing the saving behavior, the population distribution, or the income distribution of two benchmark economies (the United States and Korea). The results suggest that the difference in national saving rates between Latin America and Caribbean and the benchmark economies can mainly be attributed to differences in saving behavior of the population and, to a lesser extent, to differences in the distribution of the population by education levels. Other demographic or income distribution differences are not quantitatively important as explanations of saving rates.

Suggested Citation

  • Gandelman, Néstor, 2016. "A comparison of saving rates: microdata evidence from seventeen Latin American and Caribbean countries," LSE Research Online Documents on Economics 123245, London School of Economics and Political Science, LSE Library.
    • Handle: RePEc:ehl:lserod:123245
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    File URL: http://eprints.lse.ac.uk/123245/
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    Cited by:

    1. Gandelman, Néstor & Lluberas, Rodrigo, 2022. "Wealth in Latin America," Research Department working papers 1904, CAF Development Bank Of Latinamerica.
    2. Néstor Gandelman, 2017. "Do the rich save more in Latin America?," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 15(1), pages 75-92, March.

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    More about this item

    Keywords

    saving rates; Latin America;

    JEL classification:

    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
    • C81 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Microeconomic Data; Data Access
    • D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
    • D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
    • D14 - Microeconomics - - Household Behavior - - - Household Saving; Personal Finance

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