TY  - JOUR
AU  - Deaton,Angus
AU  - Paxson,Christina H.
TI  - Saving, Growth, and Aging in Taiwan
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 4330
PY  - 1993
Y2  - April 1993
UR  - http://www.nber.org/papers/w4330
L1  - http://www.nber.org/papers/w4330.pdf
N1  - Author contact info:
Angus S. Deaton
328 Wallace Hall
Woodrow Wilson School
Princeton University
Princeton, NJ  08544-1013
Tel: 609/258-5967
Fax: 609/258-5974
E-Mail: deaton@princeton.edu

Christina Paxson
Office of the President
Brown University
Box 1860
Providence, RI  02912
Tel: 401/863-1979
E-Mail: christina_paxson@brown.edu
M1  - published as Angus S. Deaton, Christina Paxson. "Saving, Growth, and Aging in Taiwan," in David A. Wise, editor, "Studies in the Economics of Aging" University of Chicago Press (1994)

AB  - This paper examines issues of household saving, growth. and aging in Taiwan. The Taiwanese patterns of high income growth, declines in fertility, and increases in life expectancy all have implications for life-cycle saving. We use data from fifteen consecutive household income and expenditure surveys. from 1976 to 1990, to examine whether observed profiles of consumption and saving are consistent with life-cycle theory. The patterns of consumption and saving across households of different ages and cohorts appear to be broadly consistent with a life-cycle model. However. the data also indicate that household consumption tracks income closely. and this evidence casts doubt on simple life-cycle theory.
ER  -