LIFE-CYCLE INCOME HYPOTHESIS AND DEMOGRAPHIC STRUCTURE: A SEMI-NONPARAMETRIC ANALYSIS USING A PANEL OF COUNTRIES
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Park, Cheolbeom | - |
dc.contributor.author | Yu, Jina | - |
dc.date.accessioned | 2021-09-06T03:57:18Z | - |
dc.date.available | 2021-09-06T03:57:18Z | - |
dc.date.created | 2021-06-14 | - |
dc.date.issued | 2013-03 | - |
dc.identifier.issn | 0217-5908 | - |
dc.identifier.uri | https://scholar.korea.ac.kr/handle/2021.sw.korea/103855 | - |
dc.description.abstract | In this paper, we attempt to determine whether the life-cycle income (LCI) hypothesis can explain movements in the national savings rate using the panel data of countries and the semi-nonparametric approach. While relating movements in the population density function to movements in the national savings rate, we are able to estimate the age response function with a high level of precision, and the estimated age response function is hump-shaped, which is generally consistent with the prediction from the LCI hypothesis. Running time-series regressions separately for individual countries, we also demonstrate that the estimated age response functions are consistent with the LCI hypothesis in a large proportion of countries, despite limited observations in a variety of countries. Finally, our time-series and cross-sectional analysis results imply that the LCI hypothesis is more likely to hold in a country wherein the growth rate of per capita GDP and the growth rate of population are high. | - |
dc.language | English | - |
dc.language.iso | en | - |
dc.publisher | WORLD SCIENTIFIC PUBL CO PTE LTD | - |
dc.subject | AGE DISTRIBUTION | - |
dc.subject | CONSUMPTION | - |
dc.subject | SAVINGS | - |
dc.title | LIFE-CYCLE INCOME HYPOTHESIS AND DEMOGRAPHIC STRUCTURE: A SEMI-NONPARAMETRIC ANALYSIS USING A PANEL OF COUNTRIES | - |
dc.type | Article | - |
dc.contributor.affiliatedAuthor | Park, Cheolbeom | - |
dc.identifier.doi | 10.1142/S0217590813500033 | - |
dc.identifier.scopusid | 2-s2.0-84874807728 | - |
dc.identifier.wosid | 000316815100003 | - |
dc.identifier.bibliographicCitation | SINGAPORE ECONOMIC REVIEW, v.58, no.1 | - |
dc.relation.isPartOf | SINGAPORE ECONOMIC REVIEW | - |
dc.citation.title | SINGAPORE ECONOMIC REVIEW | - |
dc.citation.volume | 58 | - |
dc.citation.number | 1 | - |
dc.type.rims | ART | - |
dc.type.docType | Article | - |
dc.description.journalClass | 1 | - |
dc.description.journalRegisteredClass | ssci | - |
dc.description.journalRegisteredClass | scopus | - |
dc.relation.journalResearchArea | Business & Economics | - |
dc.relation.journalWebOfScienceCategory | Economics | - |
dc.subject.keywordPlus | AGE DISTRIBUTION | - |
dc.subject.keywordPlus | CONSUMPTION | - |
dc.subject.keywordPlus | SAVINGS | - |
dc.subject.keywordAuthor | Age distribution | - |
dc.subject.keywordAuthor | Fourier flexible form | - |
dc.subject.keywordAuthor | life-cycle income hypothesis | - |
dc.subject.keywordAuthor | semi-nonparametric regression | - |
dc.subject.keywordAuthor | series estimation | - |
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