Population aging and the probability of saving: a life cycle analysis of the Brazilian case

Detalhes bibliográficos
Autor(a) principal: Zuanazzi, Pedro Tonon
Data de Publicação: 2021
Outros Autores: Fochezatto, Adelar
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Nova Economia (Online)
Texto Completo: https://revistas.face.ufmg.br/index.php/novaeconomia/article/view/4915
Resumo: This study analyzes the life cycle of private individuals' savings in Brazil, reflecting on how the proportion of savers changes as the population ages. To this end, we employ a multinomial logit model to compare the probability of savings and dissavings for individuals, according to their ages, based on data from the Household Budget Surveys (HBS) of 2002-2003 and 2008-2009. The results confirm a greater incidence of savers among middle-aged adults and a greater percentage of dissavers among the elderly. However, given the age structure of the Brazilian population, demographic change is still expected to result in an increase in the number of net savers in the coming years.
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spelling Population aging and the probability of saving: a life cycle analysis of the Brazilian caseEnvelhecimento populacional e probabilidade de poupar: uma análise do ciclo de vida do caso brasileiroSavingsLife CycleBrazilHBSThis study analyzes the life cycle of private individuals' savings in Brazil, reflecting on how the proportion of savers changes as the population ages. To this end, we employ a multinomial logit model to compare the probability of savings and dissavings for individuals, according to their ages, based on data from the Household Budget Surveys (HBS) of 2002-2003 and 2008-2009. The results confirm a greater incidence of savers among middle-aged adults and a greater percentage of dissavers among the elderly. However, given the age structure of the Brazilian population, demographic change is still expected to result in an increase in the number of net savers in the coming years.Este estudo analisa a poupança no ciclo de vida das pessoas no Brasil, refletindo sobre como a proporção de poupadores muda com o envelhecimento da população. Para tanto, utilizamos um modelo logit multinomial para comparar a probabilidade de poupança e não poupança para os indivíduos, de acordo com a idade, com base nos dados das Pesquisas de Orçamentos Familiares (POF) de 2002-2003 e 2008-2009. Os resultados confirmam uma maior incidência de poupadores entre os adultos de meia-idade e um maior percentual de não poupadores entre os idosos. No entanto, dada a estrutura etária da população brasileira, a mudança demográfica ainda deve resultar em um aumento líquido no número de poupadores nos próximos anos.Departamento de Ciências Econômicas da UFMG2021-02-03info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionhttps://revistas.face.ufmg.br/index.php/novaeconomia/article/view/4915Nova Economia; Vol. 30 No. 3 (2020); 951-968Nova Economia; v. 30 n. 3 (2020); 951-9681980-53810103-6351reponame:Nova Economia (Online)instname:Universidade Federal de Minas Gerais (UFMG)instacron:UFMGenghttps://revistas.face.ufmg.br/index.php/novaeconomia/article/view/4915/3276Copyright (c) 2021 Pedro Tonon Zuanazzi, Adelar Fochezattohttp://creativecommons.org/licenses/by/4.0info:eu-repo/semantics/openAccessZuanazzi, Pedro TononFochezatto, Adelar2021-02-03T20:50:27Zoai:ojs.pkp.sfu.ca:article/4915Revistahttps://revistas.face.ufmg.br/index.php/novaeconomiaPUBhttps://revistas.face.ufmg.br/index.php/novaeconomia/oai||ne@face.ufmg.br1980-53810103-6351opendoar:2021-02-03T20:50:27Nova Economia (Online) - Universidade Federal de Minas Gerais (UFMG)false
dc.title.none.fl_str_mv Population aging and the probability of saving: a life cycle analysis of the Brazilian case
Envelhecimento populacional e probabilidade de poupar: uma análise do ciclo de vida do caso brasileiro
title Population aging and the probability of saving: a life cycle analysis of the Brazilian case
spellingShingle Population aging and the probability of saving: a life cycle analysis of the Brazilian case
Zuanazzi, Pedro Tonon
Savings
Life Cycle
Brazil
HBS
title_short Population aging and the probability of saving: a life cycle analysis of the Brazilian case
title_full Population aging and the probability of saving: a life cycle analysis of the Brazilian case
title_fullStr Population aging and the probability of saving: a life cycle analysis of the Brazilian case
title_full_unstemmed Population aging and the probability of saving: a life cycle analysis of the Brazilian case
title_sort Population aging and the probability of saving: a life cycle analysis of the Brazilian case
author Zuanazzi, Pedro Tonon
author_facet Zuanazzi, Pedro Tonon
Fochezatto, Adelar
author_role author
author2 Fochezatto, Adelar
author2_role author
dc.contributor.author.fl_str_mv Zuanazzi, Pedro Tonon
Fochezatto, Adelar
dc.subject.por.fl_str_mv Savings
Life Cycle
Brazil
HBS
topic Savings
Life Cycle
Brazil
HBS
description This study analyzes the life cycle of private individuals' savings in Brazil, reflecting on how the proportion of savers changes as the population ages. To this end, we employ a multinomial logit model to compare the probability of savings and dissavings for individuals, according to their ages, based on data from the Household Budget Surveys (HBS) of 2002-2003 and 2008-2009. The results confirm a greater incidence of savers among middle-aged adults and a greater percentage of dissavers among the elderly. However, given the age structure of the Brazilian population, demographic change is still expected to result in an increase in the number of net savers in the coming years.
publishDate 2021
dc.date.none.fl_str_mv 2021-02-03
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv https://revistas.face.ufmg.br/index.php/novaeconomia/article/view/4915
url https://revistas.face.ufmg.br/index.php/novaeconomia/article/view/4915
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv https://revistas.face.ufmg.br/index.php/novaeconomia/article/view/4915/3276
dc.rights.driver.fl_str_mv Copyright (c) 2021 Pedro Tonon Zuanazzi, Adelar Fochezatto
http://creativecommons.org/licenses/by/4.0
info:eu-repo/semantics/openAccess
rights_invalid_str_mv Copyright (c) 2021 Pedro Tonon Zuanazzi, Adelar Fochezatto
http://creativecommons.org/licenses/by/4.0
eu_rights_str_mv openAccess
dc.publisher.none.fl_str_mv Departamento de Ciências Econômicas da UFMG
publisher.none.fl_str_mv Departamento de Ciências Econômicas da UFMG
dc.source.none.fl_str_mv Nova Economia; Vol. 30 No. 3 (2020); 951-968
Nova Economia; v. 30 n. 3 (2020); 951-968
1980-5381
0103-6351
reponame:Nova Economia (Online)
instname:Universidade Federal de Minas Gerais (UFMG)
instacron:UFMG
instname_str Universidade Federal de Minas Gerais (UFMG)
instacron_str UFMG
institution UFMG
reponame_str Nova Economia (Online)
collection Nova Economia (Online)
repository.name.fl_str_mv Nova Economia (Online) - Universidade Federal de Minas Gerais (UFMG)
repository.mail.fl_str_mv ||ne@face.ufmg.br
_version_ 1799711059812024320

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