The relationship between income inequality and aggregate saving: an empirical analysis using cross-country panel data

References

• Alesina, A., and D. Rodrik. 1994. “Distributive Politics and Economic Growth.” The Quarterly Journal of Economics 109: 465–490. doi:10.2307/2118470.
   Web of Science ®Google Scholar
• Alvarez-Cuadrado, F., and M. E. Vilalta. 2012. “Income Inequality and Saving.” Discussion Paper No. 7083. IZA.
   Google Scholar
• Barro, R. 2000. “Inequality and Growth in a Panel of Countries.” Journal of Economic Growth 5: 5–32. doi:10.1023/A:1009850119329.
   Web of Science ®Google Scholar
• Becker, G. 1975. Human Capital. Cambridge, MA: NBER.
   Google Scholar
• Blinder, A. 1975. “Distribution Effects and the Aggregate Consumption Function.” Journal of Political Economy 83: 447–475. doi:10.1086/jpe.1975.83.issue-3.
   Web of Science ®Google Scholar
• Carroll, C., and M. Kimball. 1996. “On the Concavity of the Consumption Function.” Econometrica 64: 981–992. doi:10.2307/2171853.
   Web of Science ®Google Scholar
• Cook, C. 1995. “Savings Rates and Income Distribution: Further Evidence from LDCS.” Applied Economics 27: 71–82. doi:10.1080/00036849500000009.
   Web of Science ®Google Scholar
• Deaton, A. 1991. “Saving and Liquidity Constraints.” Econometrica 59: 1221–1142. doi:10.2307/2938366.
   Web of Science ®Google Scholar
• Deininger, K., and L. Squire. 1996. “A New Data Set Measuring Income Inequality.” World Bank Economic Review 10: 565–591.
   Web of Science ®Google Scholar
• Della Valle, P., and N. Oguchi. 1976. “Distribution, the Aggregate Consumption Function, and the Level of Economic Development: Some Cross-Country Results.” Journal of Political Economy 84: 1325–1334. doi:10.1086/jpe.1976.84.issue-6.
   Web of Science ®Google Scholar
• Dynan, K., J. Skinner, and S. Zeldes. 2004. “Do the Rich Save More?” Journal of Political Economy 112: 397–444. doi:10.1086/jpe.2004.112.issue-2.
   Web of Science ®Google Scholar
• Edwards, S. 1996. “Why Are Latin America’s Savings Rates so Low? An International Comparative Analysis.” Journal of Development Economics 51: 5–44. doi:10.1016/S0304-3878(96)00424-5.
   Web of Science ®Google Scholar
• Gu, X. H., B. M. Dong, and B. H. Huang. 2015. “Inequality, Saving and Global Imbalances: A New Theory with Evidence from OECD and Asian Countries.” The World Economy 38: 110–135. doi:10.1111/twec.2015.38.issue-1.
   Web of Science ®Google Scholar
• Kaldor, N. 1957. “A Model of Economic Growth.” Economic Journal 67: 591–624.
   Web of Science ®Google Scholar
• Keynes, J. M. 1936. General Theory of Employment, Interest, and Money. New York: Harcourt Brace.
   Google Scholar
• King, R., and R. Levine. 1993. “Finance and Growth: Schumpeter Might Be Right.” The Quarterly Journal of Economics 108: 717–737. doi:10.2307/2118406.
   Web of Science ®Google Scholar
• Kotlikoff, L., and L. Summers. 1981. “The Role of Intergenerational Transfers in Aggregate Capital Accumulation.” Journal of Political Economy 89: 706–732. doi:10.1086/jpe.1981.89.issue-4.
   Web of Science ®Google Scholar
• Leigh, A., and A. Posso. 2009. “Top Incomes and National Savings.” Review of Income and Wealth 55: 57–74. doi:10.1111/roiw.2009.55.issue-1.
   Web of Science ®Google Scholar
• Li, H., and H.-F. Zou. 2004. “Savings and Income Distribution.” Annals of Economics and Finance 5: 245–270.
   Google Scholar
• Malinen, T. 2013. “Inequality, Savings, and Consumption: A Reassessment of the Relationships in Cointegrated Panels.” Applied Economics Quarterly 59: 235–251. doi:10.3790/aeq.59.3.235.
   Google Scholar
• Modigliani, F. 1970. “The Life-Cycle Hypothesis of Savings and Intercountry Differences in the Savings Ratio.” In Introduction, Growth and Trade, edited by W. A. Eltis, M. F. G. Scott, and J. N. Wolfe. Oxford: Oxford University Press.
   Google Scholar
• Modigliani, F., and R. Brumberg. 1954. “Utility Analysis and the Consumption Function: An Interpretation of Cross-Section Data.” In Post-Keynesian Economics, edited by K. Kurihara. New Brunswick, NJ: Rutgers University Press, 388–436.
   Google Scholar
• Musgrove, P. 1980. “Income Distribution and the Aggregate Consumption Function.” Journal of Political Economy 88 (3): 504. doi:10.1086/jpe.1980.88.issue-3.
   Web of Science ®Google Scholar
• Schmidt-Hebbel, K., and L. Servén. 2000. “Does Income Inequality Raise Aggregate Saving?” Journal of Development Economics 61: 417–446. doi:10.1016/S0304-3878(00)00063-8.
   Web of Science ®Google Scholar
• Smith, D. 2001. “International Evidence on How Income Inequality and Credit Market Imperfections Affect Private Saving Rates.” Journal of Development Economics 64: 103–127. doi:10.1016/S0304-3878(00)00126-7.
   Web of Science ®Google Scholar
• Stiglitz, J. E. 1969. “Distribution of Income and Wealth among Individuals.” Econometrica 37: 382–397. doi:10.2307/1912788.
   Web of Science ®Google Scholar