Abstract
Israeli micro and macro data indicate that consumption smoothing is limited and thus pension savings increase private and national savings. Since private savings rates are, to a great extent, unequal across different income groups, saving is almost exclusively concentrated in the upper two quintiles.
Original language | English |
---|---|
Pages (from-to) | 761-774 |
Number of pages | 14 |
Journal | Applied Economics |
Volume | 31 |
Issue number | 6 |
DOIs | |
State | Published - 1 Jan 1999 |
ASJC Scopus subject areas
- Economics and Econometrics