The impact of pension schemes on saving in Israel

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Abstract:

Israeli micro and macro data indicate that consumption smoothing is limited and thus pension savings increase private and national savings. Since private savings rates are, to a great extent, unequal across different income groups, saving is almost exclusively concentrated in the upper two quintiles.

Document Type: Research Article

DOI: http://dx.doi.org/10.1080/000368499323977

Publication date: June 1, 1999

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