Age Distribution, Saving and Consumption in Sweden

Uppsala University Working Paper 1996:22

19 Pages Posted: 20 Jan 1997

See all articles by Lennart Berg

Lennart Berg

Uppsala University - Department of Economics

Date Written: November 1996

Abstract

This paper focuses on an empirical analysis of the dependency between age structure and aggregate consumption and the composition of aggregate savings. In a long-run consumption function of life cycle type, different demographic variables have a conclusive, statistically significant effect. In investigating the link between demographic variables and the composition of aggregate savings, a simple simultaneous model is used, and a saving function and a house price equation are estimated. The result even here is that age composition matters for house prices and savings. This conclusion is also made visible by a simulation experiment. Finally, the model is used to ascertain the effect on the recent Swedish tax reform on savings.

JEL Classification: E21, J11

Suggested Citation

Berg, Lennart, Age Distribution, Saving and Consumption in Sweden (November 1996). Uppsala University Working Paper 1996:22. Available at SSRN: https://ssrn.com/abstract=1405 or http://dx.doi.org/10.2139/ssrn.1405

Lennart Berg (Contact Author)

Uppsala University - Department of Economics ( email )

Box 513
SE-75120 Uppsala
Sweden
46-18-18-11-17 (Phone)
46-18-18-14-78 (Fax)

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