Does Gender have any Effect on Aggregate Saving? An empirical analysis
Authors:
Stephanie Seguino a;
Maria Sagrario Floro b
| Affiliations: | a Department of Economics, University of Vermont, Old Mill 338,Burlington, VT 05405, USA. E-mail: stephanie.seguino@uvm.edu.. |
| b American University, 4400 Massachusetts Avenue NW, Washington DC 20016, USA. E-mail: mfloro@american.edu. |
DOI:
10.1080/0269217032000064026
Publication Frequency:
6 issues per year
Published in:
International Review of Applied Economics,
Volume
17,
Issue
2
April
2003
, pages 147
- 166
Subject:
International Economics;
Formats available:
PDF
(English)
View Article:
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Abstract
This study investigates the effects of gender on aggregate saving. We test the hypothesis that shifts in women's relative income, which can affect their bargaining power within the household, have a discernible impact on household saving and, by extension, gross domestic saving, due to differing saving propensities by gender. The empirical analysis is based on panel data for a set of semi-industrialised economies, covering the period 1975-95. The results indicate that, as some measures of women's relative income and bargaining power increase, gross domestic saving rates rise. The implied gender disparity in saving propensities may be linked to differences in saving motives based on gender roles, and well as divergent experiences of economic vulnerability. These findings suggest the importance of understanding gender differences in planning for savings mobilisation and in the formulation of financial and investment policies.
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