Wong, Benjamin; Tang, Kam Ki - In: International Journal of Social Economics 40 (2013) May, pp. 591-605
account the fact that ageing is brought about by not only rising old-aged dependency but also expanding longevity. Design …-age dependency ratio. Findings – Longevity consistently has a significant positive impact on savings, while old-aged dependency rate … expanding longevity on savings, thus avoiding potential omitted variable bias in previous studies. Second, they explore non …