How Could Age Dependency Ration Influence the Savings and Following Capital Outflow

In: Social Issues

Submitted By IrinaZab
Words 2039
Pages 9
How Could Age Dependency Ration Influence The Savings And Following Capital Outflow.
Introduction.
The aim of my work it to analyze how the age dependency ration influences the saving. According to the definition of the World Bank, Age dependency ratio is the ratio of dependents-people younger than 15 or older than 64--to the working-age population--those ages 15-64. So the questions of my research is to find out how the quantity of pre-working-aged children and retired influences the saving per capita. Would people save more in their working age in order to save money for retirement period or to invest -or they will earn and spend. Another issue is to see if countries with huge level of GDP( China, the USA) have the different extent of ADR influence on savings and how it is differ from Russia and ,for instance, Brazil. This problem is actual and important because nowadays countries face the problem of capital outflow . As we can see from the current statistics databases, there were such demographical crisis since the 1950 , especially in Asian countries and because they are mostly overpopulated, it has an impact on the world situation in general. According to the theoretical economic models, Investment=Savings, so if I define what impact have demographical structure of population on saving per capita I could predict the future saving and investment in countries using the obtained results of influence.
The model.
To define, what could also has the impact on savings and what I could add to my regression mode, I analyzed some economical articles and papers. In that case, I started by reading the research work of F. Modigliani, famous Italian economist and Nobel-awarded, about the conception of the life-cycle model. Working out this conception, he focused on the fact that the Income level is fluctuating during the whole life of every person and that the saving…...

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