Population Aging and Households’ Saving in the Russian Federation

Using household data from the Russian Longitudinal Monitoring Survey, this paper assesses how aging affects saving. To overcome a systematic bias against the life-cycle hypothesis of survey data, the paper estimates how the age profile of saving ch...

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Bibliographic Details
Main Authors:	Bussolo, Maurizio, Simone, Schotte, Matytsin, Mikhail
Format:	Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2015
Subjects:	GROWTH RATES NATIONAL CURRENCY SAVINGS RATIO DEFICIT HOLDING NATIONAL SAVING FUTURE GROWTH CONSUMER DURABLES INCOME FLOWS FOREIGN CURRENCY ACCOUNTING HOUSEHOLD’ SAVING MICRODATA DISPOSABLE INCOME INCOME INTEREST DUMMY VARIABLES PRIVATIZATION PENSION SYSTEMS FUTURE EARNINGS INTEREST RATE EXCHANGE OPTION BANKING SYSTEM CONSUMER GOODS HOUSEHOLD SAVING DEVELOPING COUNTRIES BEQUEST REPAYMENTS POLITICAL ECONOMY REVENUES RETAIL MARKET BONDS LOAN MACROECONOMIC CONDITIONS VALUABLE ASSET SUBSIDY PRICE TAX ASSET MANAGEMENT PENSION SYSTEM PENSION REFORMS SAVING ASSET HOLDINGS PRIVATE PENSION PENSION FUND CONTRIBUTIONS CREDITORS INFLATION INTERNATIONAL BANK PENSION WAGE GROWTH LIFE EXPECTANCY BUDGET PUBLIC POLICY PRIVATE SAVING SAVINGS CURRENCY REPLACEMENT RATE FINANCIAL INSTITUTION DOMESTIC CURRENCY ECONOMIC CRISES INCOME GROWTH INCOME SHOCK CONTRACTS PENSION CONTRIBUTIONS ASSET MANAGER RETIREMENT AGE INTEREST RATES DEBT MARKETS HOUSEHOLD INCOME PENSION REFORM LOCAL GOVERNMENT INFLATION RATE HOUSEHOLD SAVING RATE CONSUMPTION EXPENDITURE BUSINESS CYCLE INTERNATIONAL ECONOMICS DIVIDENDS PENSION FUNDS CONSUMER DEMAND SUBSIDIES REAL ESTATE FINANCE NEGATIVE SHOCK TAXES SAVINGS ACCOUNT EXPENDITURE MARKET ECONOMY EQUITY INCOME TAXES SAVINGS RATES LOAN REPAYMENT MACROECONOMIC DATA CAPITAL RATIO GOOD VOLATILITY INVESTMENT OPTIONS TURNOVER FUTURE SAVINGS RATE PENSIONS DEMOGRAPHIC CHANGE DISPOSABLE INCOMES REPAYMENT EXPENDITURES INCOMES PROPERTY PRIVATE PENSIONS SHARES CASH HOLDINGS INSURANCE PREMIUM NEGATIVE INCOME SHOCK MARKET PERSONAL PROPERTY TRADE UNIONS SECURITIES OUTPUT HOUSEHOLD SAVINGS HOUSEHOLD SAVING RATES EXPOSURE HOLDINGS INSURANCE RETIREMENT SAVINGS DEMOGRAPHIC CHANGES TRADE INTERESTS GOODS SECURITY TRANSFER PAYMENTS GROWTH RATE STOCKS INVESTMENT BEQUESTS SHARE ECONOMIC CRISIS BANKING FINANCIAL ASSETS DEBT REPAYMENTS PROFIT CONSUMER PRICE INDEX PENSION FUND EXCHANGE RATE DEMOGRAPHIC MICRO DATA PROFITS PUBLIC PENSION LIABILITIES PRICES ASSET MANAGERS
Online Access:	http://documents.worldbank.org/curated/en/2015/10/25159413/population-aging-households’-saving-russian-federation http://hdl.handle.net/10986/22874

Internet

http://documents.worldbank.org/curated/en/2015/10/25159413/population-aging-households’-saving-russian-federation
http://hdl.handle.net/10986/22874

Population Aging and Households’ Saving in the Russian Federation

Internet

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