Do the rich save more in Latin America?
Do the rich save more in Latin America?
复制标题
DOI：
10.1007/s10888-016-9345-3
复制
发表时间：
2017-03-01
影响因子：
2.4
通讯作者：
Gandelman, Nestor
中科院分区：
文献类型：
--
作者：
Gandelman, Nestor
本文报告了巴西、智利、哥斯达黎加、厄瓜多尔、洪都拉斯、墨西哥、巴拿马、巴拉圭和秘鲁的富人储蓄率高于穷人的证据。平均而言，第五和第四收入五分位组之间的差距为7个百分点。乌拉圭的收入群体之间没有差别，阿根廷和哥伦比亚的结果与其他估计方法相比并不可靠。关键的方法步骤是建立一个终身收入的衡量标准。当前收入不是一个好的替代指标，因为它受到生命周期各阶段和短暂冲击的影响。我们根据户主的教育水平及其伴侣的教育水平实施两阶段程序。报告了针对不同年龄组、包括/排除异常值以及基于住房拥有率、家用电器和其他家庭拥有资产的财富指数的几项稳健性练习。
This paper reports evidence that the savings rate of the rich is higher than that of the poor in Brazil, Chile, Costa Rica, Ecuador, Honduras, Mexico, Panama, Paraguay and Peru. On average, the difference between the fifth and fourth income quintile groups is 7 percentage points. No differences between income groups are found in Uruguay and the results for Argentina and Colombia are not robust to estimation alternatives. The key methodological step is to construct a measure of lifetime income. Current income is not a good proxy since it is affected by phases of the life cycle and transitory shocks. We implement a two-stage procedure based on the education level of the household head and the education level of his/her partner. Several robustness exercises are reported for different age groups, inclusion/exclusion of outliers and for a wealth index based on homeownership, home appliances and other household owned assets.