The Competitive Saving Motive: Concept, Evidence, and Implications
Published By: Asian Development Bank | Published Date: November, 01 , 2015This paper surveys recent literature on the competitive saving motive and its broader economic implications. It introduces the concept of competitive saving, i.e., saving to improve one’s status relative to other competitors for dating and marriage partners, and provide evidence of its existence across and within countries. The paper argues that sex ratio imbalances have driven the competitive saving motive, and have partly accounted for sustained high savings rates in many Asian economies.
Author(s): Xiaobo Zhang, Shang-Jin Wei | Posted on: Jan 01, 2016 | Views()