Discussion Papers no. 354
A cohort analysis of household saving in Norway
Are there generational differences in saving behavior? On the basis of new micro data for household saving in Norway I find that differences between birth cohorts are small and statistically insignificant. In particular, cohort effects are small compared to the strong positive effect of aging on saving. Furthermore, within the framework of a life-cycle model, a generation that is characterized as being particularly patient or prudent will save more while young and less while old, a result that goes against the intuition that the current old save much because they belong to a generation with preferences for high saving. To ensure that the empirical findings are robust, a variety of econometric specifications and techniques are employed.
Om publikasjonen
- Tittel
-
A cohort analysis of household saving in Norway
- Ansvarlig
-
Elin Halvorsen
- Serie og -nummer
-
Discussion Papers no. 354
- Utgiver
-
Statistics Norway
- Emne
-
Discussion Papers
- Antall sider
-
41
- Målform
-
Engelsk
- Om Discussion Papers
-
Discussion papers comprise research papers intended for international journals and books. A preprint of a Discussion Paper may be longer and more elaborate than a standard journal article as it may include intermediate calculations, background material etc.
Kontakt
-
SSBs informasjonstjeneste