The impact of age structure on household saving: An empirical investigation in three South Asian economies
Faculty / School
Faculty of Business Administration (FBA)
Department of Economics
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International Journal of Economic Perspectives
Business | Economic History | Economics | Economic Theory
The main objective of our study is to evaluate the impact of age structure on household saving in India, Pakistan and Bangladesh through Panel data estimation techniques. Empirical finding reveals that young dependency exerts negative and significant impact on household saving. Old dependency also negatively but insignificantly affects household saving. Our results also suggest that GDP per capita has significant positive impact on household saving. Moreover, Inflation, a proxy for macroeconomic stability, is inversely related to household saving. The overall findings suggest that these economies should focus on reducing fertility rate through effective family planning to improve household saving performance. Moreover, government should also implement policies that reduce inflation which in turn may enhance household saving.
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Brookins, O. T., Ahmad, M. H., Ahmad, N., & Saeed, N. (2015). The impact of age structure on household saving: An empirical investigation in three South Asian economies. International Journal of Economic Perspectives, 9 (3), 47-56. Retrieved from https://ir.iba.edu.pk/faculty-research-articles/65