Empirical Determinants of Household Saving: Evidence from OECD Countries

26 Pages Posted: 15 Feb 2006

See all articles by Tim Callen

Tim Callen

International Monetary Fund (IMF) - Asia and Pacific Department

Christian Thimann

AXA Group

Date Written: December 1997

Abstract

This paper analyzes the empirical determinants of household saving using data from 21 OECD countries for 1975-95. A particular focus is the influence of the tax and social security systems on household saving. The paper therefore extends the usual set of explanatory variables used to explain household saving behavior to include variables that capture the structure of the tax system and the financing and generosity of the social security and welfare system. These variables are found to have an important impact on household saving. Accordingly, by changing the design of these systems, governments may be able to influence saving.

Keywords: Household Saving, Tax Structure, Social Security System

JEL Classification: E21, H24, H55

Suggested Citation

Callen, Tim and Thimann, Christian, Empirical Determinants of Household Saving: Evidence from OECD Countries (December 1997). IMF Working Paper, Vol. , pp. 1-26, 1997. Available at SSRN: https://ssrn.com/abstract=883935

Tim Callen (Contact Author)

International Monetary Fund (IMF) - Asia and Pacific Department ( email )

700 19th Street NW
Washington, DC 20431
United States

Christian Thimann

AXA Group ( email )

25 avenue Matignon
Paris, 75008
France

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