Saving%20for%20Development%3A%20How%20Latin%20America%20and%20the%20Caribbean%20Can%20Save%20More%20and%20Better%20%28Executive%20Summary%29

Brochures

Saving for Development: How Latin America and the Caribbean Can Save More and Better (Executive Summary)


CODE: IDB-BR-183
AUTHOR(s): Cavallo, Eduardo A. , Serebrisky, Tomas
PUBLISHED: June 2016
LANGUAGE: English
RELATED TOPICS: Finance
DOWNLOAD FILE IN: English Portuguese Spanish

Abstract:

Why should people—and economies—save? The typical answer usually focuses on the need to protect against future shocks, to smooth consumption during hard times, in short, to save for the proverbial rainy day. This book approaches the question from a slightly different angle. While saving to survive the bad times is important, saving to thrive in the good times is what really counts. This book explores how households, firms, and governments can address the savings problem in Latin America and the Caribbean in pursuit of a sunny day when people live healthy, productive lives, firms grow to employ more workers and produce quality goods, and governments provide adequate infrastructure, quality public services, and a dignified worry-free retirement to their citizens.

Related Research by JEL Codes:
(or click here to find research by JEL Codes)
  • Saving for Development: How Latin America and the Caribbean Can Save More and Better
    Books
    IDB-BK-159 - June 2016

    Why should people—and economies—save? The typical answer usually focuses on the need to protect against future shocks, to smooth consumption during hard times, in short, to save for the proverbial rainy day. This book approaches the question from a slightly different angle. While saving to survive the bad times is important, saving to thrive in the good times is what really counts. This book explo ... (View publication)

  • Varieties of Saving and Crises
    Technical Notes
    IDB-TN-1047 - June 2016

    This paper shows, using probit analysis, that low national savings increase the risk of macroeconomic crisis. Foreign savings are a poor substitute of national savings not only for domestic investment (Feldstein-Horioka result), but also for stability. It is found that deeper financial integration does not cure low investment and can improve the situation only to the extent that the risks of t ... (View publication)

  • A Comparison of Saving Rates: Micro Evidence from Seventeen Latin American and Caribbean Countries
    Working Papers
    IDB-WP-602 - August 2015

    Using micro data on expenditure and income for 17 Latin American and Caribbean (LAC) countries, this paper presents stylized facts on saving behavior by age, education, income and place of residence. Counterfactual saving rates are computed by imposing the saving behavior, the population distribution or the income distribution of two benchmark economies (the United States and Korea). The resu ... (View publication)

Hello, Welcome to the IDB!

Please join our mailing list by simply entering your email below.