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Saving, dependency and development

Abstract

The widely-observed finding in the literature showing little or no relationship between population growth (and dependency) and saving requires modification based on panel and cross-section estimation of aggregate country data. While such a relationship is still weak in the hybrid Leff-type model, it is now found consistently over time and by stage of development in the Mason variable-growth life-cycle framework, where changes in demographic factors account for a notable part of saving.

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Kelley, A.C., Schmidt, R.M. Saving, dependency and development. J Popul Econ 9, 365–386 (1996). https://doi.org/10.1007/BF00573070

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  • DOI: https://doi.org/10.1007/BF00573070

JEL classification

  • J11
  • O15
  • O16

Key words

  • Population growth
  • saving
  • development