The Impact of Demographic Structure and Sources of Income on Household Saving Rate in Taiwan
Date Issued
2016
Date
2016
Author(s)
Yeh, Jia-Huey
Abstract
National Saving includes household, corporate and government saving. According to the data from Directorate-General of Budget, Accounting and Statistics, household savings took up 70% out of National Saving and only 30% from corporates in 1990. Nevertheless corporate saving has currently risen to 60% versus 40% of household saving. This indicates that Taiwan National Saving has been significantly shifted from household sector to corporate sector. The purpose of this thesis is to explore factors that cause the sign of Taiwan household saving reducing in Taiwan after the mid-1990s, whether it is connected with demographic structure change and income resources change. Foreign scholarships aimed at Japan, Korea and Australia societies showed that aging population does affect saving level. By taking “household” in Taiwan, this empirical study conducts regression analysis by using Ordinary Least Squares Method to verify the correlation between change of demographic structure, disposable income, compensation of employees, property income and transfer receipts on saving rate from 1976 to 2014. The empirical findings show that dropping saving rate is resulted from a gently rising growth rate of transfer receipts and a falling growth rate of other resources income. Further, high proportion of transfer receipts and property income to employees’ compensation within a household also lower the saving rate.
Subjects
saving rate
demographic structure
compensation of employees
property income
transfer receipts
Type
thesis
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ntu-105-P01323014-1.pdf
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