Template-type: ReDif-Paper 1.0
Author-Name: de Castro Campos, M.
Author-Name: Kool, C.J.M.
Author-workplace-name: Macro, International & Labour Economics
Author-Name: Muysken, J.
Author-workplace-name: Macro, International & Labour Economics
Title: Cross-country private saving heterogeneity and culture
Abstract: Motivated by the dominant role of cross-country heterogeneity in private saving in the creation of Eurozone imbalances over the past decade, we empirically investigate the determinants of private saving for a sample of 30 OECD countries over the period 1990-2010. In addition to standard macroeconomic variables, we include three country-specific cultural indicators, derived from the World and European Value Surveys. We find these three variables - thrift, trust and religiosity - to significantly contribute to the explanation of cross-country saving heterogeneity both for the OECD group at large and for the Eurozone countries seperately.
Series: GSBE Research Memoranda
Creation-Date: 20130101
Number: 013
File-URL: https://cris.maastrichtuniversity.nl/ws/files/679461/guid-686a58bb-7d9f-48f5-9c2a-b04bdf1098a6-ASSET1.0.pdf
File-Format: application/pdf
File-Size: 550382
Handle: Repec:unm:umagsb:2013013
DOI: 10.26481/umagsb.2013013