Demographic change and the UK savings rate

Abstract

Microeconomic data are used to explore the effects of a changing age-structure on the UK's aggregate personal savings rate. The findings suggest that changes to the population's age structure have had detectable, sustained, but, relative to the yearly changes observed in the savings rate over the previous century, modest effects on aggregate personal sector savings. It is estimated that the projected changes to the UK's age structure over the next 40 years are likely to raise the UK's savings rate but by no more than two percentage points. No basis is found for the view that the aggregate savings rate will decline as a result of the anticipated ageing of the UK population.

Cite this work

No public copy is stored for this record, so only the metadata is cited.

Stored only when both papers are in the corpus — 14 citations exist upstream.

Papers that cite the same references — the relational fallback while embeddings are still backfilling.