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Low- and middle-income countries are aging rapidly but stagnation of growth in participation in pension programs, due to widespread informal employment, presents a major fiscal challenge. Some claim that improving the design of pension program rules can encourage more pension contributions,...
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gross private savings rates in 16 emerging markets over 1982-1993. With data from all 16 countries, there is evidence of a … significant positive relation between savings and stock market size and liquidity. When countries with outlying values for the … a growing or deepening stock market will necessarily be associated with higher savings rates …
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, possibly reflecting high-income countries' tendency to deploy their savings in the global capital markets. The presence of …
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empirical evidence for the role of institutions on national savings formation, showing that especially rule of law and low … corruption help in increasing national savings. Chapters four and five look at detailed provisions for payment transfer balances …
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