Published in:Asian Development Bank Economics Working Paper Series ; No. 228
Extent:
1 Online-Ressource (29 p)
Language:
English
DOI:
10.2139/ssrn.1721924
Identifier:
Origination:
Footnote:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments October 1, 2010 erstellt
Description:
In this paper, we analyze the determinants of the domestic saving rate in developing Asia during 1966-2007 and find that the main determinants appear to be the aged dependency ratio, income levels, and level of financial development. We project future trends in domestic saving rates in developing Asia for 2011-2030 based on our estimation results, and find that the aging of the population will be the main determinant of future trends in domestic saving rates in developing Asia. However, we find that there will not necessarily be a sharp decline in saving rates in developing Asia as a whole, at least during the next 2 decades, inasmuch as there will be substantial variations across countries in the speed and timing of population aging