Korea's Aging Population and Household Saving Rate： Evidence for an Extended Life Cycle Income Hypothesis
Korea is entering the class of aging population nations. This paper investigates the extent demographic factors and the aging population affect the saving rate, using an extended life-cycle/permanent-income hypothesis on saving. The results of the tests with Korean household survey data from 1977 to...
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| Format: | Article |
| Language: | English |
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Korea Development Institute
2004-06-01
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| Series: | KDI Journal of Economic Policy |
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| Online Access: | https://doi.org/10.23895/kdijep.2004.26.1.107 |