TY  - JOUR
AU  - Carroll,Christopher D.
AU  - Rhee,Byung-Kun
AU  - Rhee,Changyong
TI  - Does Cultural Origin Affect Saving Behavior? Evidence from Immigrants
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 6568
PY  - 1998
Y2  - May 1998
UR  - http://www.nber.org/papers/w6568
L1  - http://www.nber.org/papers/w6568.pdf
N1  - Author contact info:
Christopher D. Carroll
Department of Economics
Mergenthaler 440
Johns Hopkins University
Baltimore, MD 21218
Tel: 410/516-7602
Fax: 410/516-7600
E-Mail: ccarroll@jhu.edu

Byung-Kun Rhee
Department of Economics
University of Rochester
Rochester, NY   14627
Tel: 716/275-4980
AB  - 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.
ER  -