CEU Electronic Theses and Dissertations, 2011
| Author | Ahmedova, Dildora Odiljonovna |
|---|---|
| Title | THE IMPACT OF POPULATION AGEING ON PRIVATE SAVINGS RATE: EMPIRICAL EVIDENCE FROM THE OECD MEMBER COUNTRIES |
| Summary | In the recent decades there has been a huge fall in the private savings rate. There is a growing concern that increasing share of old age population has greatly contributed to the declining savings trend. The aim of the thesis is to examine the impact of population ageing on private savings rate. To analyze this relationship the extended Overlapping Generations Model is used by including social security system, and relative weights for private savings of both working age and old age population. Empirical estimation of the effect of population ageing is done by Fixed Effects and First Differences estimation methods using panel data set with 120 observations from twenty four OECD member countries. Both theoretical and empirical analyses conclude that population ageing has significant negative effect on private savings rate. Precisely, dissaving of the increasing old age generation oppresses savings of the working age population, causing a reduction in average private savings rate. |
| Supervisor | Kezdi, Gabor |
| Department | Economics MA |
| Full text | https://www.etd.ceu.edu/2011/ahmedova_dildora.pdf |
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