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Cited by 302

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Are There Cultural Effects on Saving? Some Cross-Sectional Evidence

Carroll, C. D., Rhee, B.-K., Rhee, C.·1994·The Quarterly Journal of Economics

Abstract

Why are there such large differences in saving rates across countries? Conventional economic analyses have not been successful in explaining international saving differences, so economists have sometimes suggested that national saving differences may be explained by cultural differences. This paper tests the hypothesis that cultural factors influence saving by comparing saving patterns of immigrants to Canada from different cultures. Using data from the Canadian Survey of Family Expenditures, we find no evidence of cultural effects on saving.

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Metadata

Authors
Carroll, C. D., Rhee, B.-K., & Rhee, C.
Venue
The Quarterly Journal of Economics
Published
1994-08-01
Volume
109
Issue
3
Pages
685-699
ISSN
  • 0033-5533 (ISSN-L)
  • 1531-4650
OpenAlex
W2155525349
Cited by
302
References
0
FWCI
15.20
Type
journal article
Language
en
Open access
closed

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