Population aging and the probability of saving: a life cycle analysis of the Brazilian case

Authors

Keywords:

Savings, Life Cycle, Brazil, HBS

Abstract

This study analyzes the life cycle of private individuals' savings in Brazil, reflecting on how the proportion of savers changes as the population ages. To this end, we employ a multinomial logit model to compare the probability of savings and dissavings for individuals, according to their ages, based on data from the Household Budget Surveys (HBS) of 2002-2003 and 2008-2009. The results confirm a greater incidence of savers among middle-aged adults and a greater percentage of dissavers among the elderly. However, given the age structure of the Brazilian population, demographic change is still expected to result in an increase in the number of net savers in the coming years.

Author Biography

Pedro Tonon Zuanazzi, Departamento de Economia e Estatística, Secretaria de Planejamento, Governança e Gestão do Rio Grande do Sul

Doutro em Economia pela PUCRS-RS

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Published

2021-02-03

How to Cite

ZUANAZZI, P. T.; FOCHEZATTO, A. Population aging and the probability of saving: a life cycle analysis of the Brazilian case. Nova Economia, [S. l.], v. 30, n. 3, p. 951–968, 2021. Disponível em: https://revistas.face.ufmg.br/index.php/novaeconomia/article/view/4915. Acesso em: 21 dec. 2024.

Issue

Vol. 30 No. 3 (2020)

Section

Regular Issue

License

Copyright (c) 2021 Pedro Tonon Zuanazzi, Adelar Fochezatto

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