2016
DOI: 10.2139/ssrn.2956690
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Gone with the Wind: Demographic Transitions and Domestic Saving

Abstract: Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in… Show more

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Cited by 2 publications
(2 citation statements)
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“…The problem is that to find appropriate instruments, we need variables that are strongly correlated with savings rates, but that are not correlated with other determinants of investment that are not controlled for in Equation (1). Demographic variables are found to be important determinants of savings (Cavallo, Sanchez, and Valenzuela, 2016) and, if chosen carefully, are not likely to affect investment via other channels. These are thus our candidates for instruments.…”
Section: Identification Strategymentioning
confidence: 98%
“…The problem is that to find appropriate instruments, we need variables that are strongly correlated with savings rates, but that are not correlated with other determinants of investment that are not controlled for in Equation (1). Demographic variables are found to be important determinants of savings (Cavallo, Sanchez, and Valenzuela, 2016) and, if chosen carefully, are not likely to affect investment via other channels. These are thus our candidates for instruments.…”
Section: Identification Strategymentioning
confidence: 98%
“…Sin embargo, es importante destacar que los beneficios del bono demográfico no se dan automáticamente. Los beneficios potenciales se obtienen únicamente en escenarios específicos y dependen de cómo los agentes y las sociedades responden a los cambios (Cavallo et al, 2018). Para obtener los beneficios que trae consigo el bono demográfico, es necesario que se otorguen las condiciones adecuadas en empleo, salud, educación y protección social, especialmente dirigido a la población que está en edad de trabajar a fin de que puedan ahorrar (Bloom et al, 2007).…”
Section: Revisión De Literaturaunclassified