Does Cultural Origin Affect Saving Behavior? Evidence from Immigrants / Christopher D. Carroll, Byung-Kun Rhee, Changyong Rhee.

Format:

Book

Author/Creator:

Carroll, Christopher D.

Contributor:

National Bureau of Economic Research.

Rhee, Byung-Kun.

Rhee, Changyong.

Series:

Working Paper Series (National Bureau of Economic Research) no. w6568.

NBER working paper series no. w6568

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 1998.

Summary:

Because efforts to explain international saving differentials using traditional economic variables have not been very successful (Bosworth, 1993), some economists have proposed that national saving differences reflect cultural differences. We attempt to test that hypothesis by using data from the US Census to examine whether immigrants to the US from high-saving countries tend to save more than immigrants from low-saving countries. While we do find highly statistically significant differences in immigrants' saving behavior by country of origin, those differences do not match up with the differences in national saving rates. In particular, immigrants from high-saving Asian countries do not save more than other immigrants.

Notes:

Print version record

May 1998.