Household Savings and Income Distribution in Mexico

55 Pages Posted: 21 Apr 2011

See all articles by Orazio Attanasio

Orazio Attanasio

University College London - Department of Economics; Institute for Fiscal Studies (IFS); Centre for Economic Policy Research (CEPR); National Bureau of Economic Research (NBER)

Miguel Székely

Center for Education and Social Studies

Date Written: December 1998

Abstract

Following the 1994 financial crisis, the rate of saving of the Mexican economy fell from 21. 7 percent to 19. 8 percent of GDP. The decline was associated with a reduction in the rate of external saving from 6. 9 to 0. 5 percent between 1994 and 1995. The overall reduction was not more dramatic because it was almost fully compensated by an increase in private saving from 11. 3 percent to 15 percent of GDP during these years.

Suggested Citation

Attanasio, Orazio and Székely, Miguel, Household Savings and Income Distribution in Mexico (December 1998). IDB Working Paper No. 322, Available at SSRN: https://ssrn.com/abstract=1817187 or http://dx.doi.org/10.2139/ssrn.1817187

Orazio Attanasio (Contact Author)

University College London - Department of Economics ( email )

Gower Street
London WC1E 6BT, WC1E 6BT
United Kingdom
+44 20 7679 5880 (Phone)
+44 20 7916 2775 (Fax)

Institute for Fiscal Studies (IFS)

7 Ridgmount Street
London, WC1E 7AE
United Kingdom

Centre for Economic Policy Research (CEPR)

London
United Kingdom

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

Miguel Székely

Center for Education and Social Studies ( email )

Mexico City
Mexico

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