Reports Summarize Economics Findings from University of Manouba (The Relationship Ageing of the Population and Saving In an Unemployment Context: Empirical Evidence Using an Autoregressive Distributed Lag Bounds Testing Approach)

2020 AUG 28 (NewsRx) -- By a News Reporter-Staff News Editor at Economics Daily Report -- Current study results on Economics have been published. According to news reporting from Manouba, Tunisia, by NewsRx editors, the research stated, “In this article, we emphasised that ageing population does not systematically depress savings by drawing attention to the factors that may distort that prediction of the life-cycle hypothesis (LCH). To demonstrate it, we used two indicators for ageing: the total and aged dependency ratios and we looked at the economic context influence on national saving evolution through considering the labour market imbalance interference.”

The news correspondents obtained a quote from the research from the University of Manouba, “By applying the autoregressive distributed lag approach, with Tunisian data during 1970-2018, a dynamic long-run relationship between ageing and national saving is found, although it seemed to be sensitive to the used ageing indicator and the economic context. Indeed, the LCH is proved only by the total dependence ratio whereas the aged dependence ratio puts a significant long-run upward pressure on saving. Further, in a context of unemployment without any benefit scheme, the LCH prediction cannot be endorsed by the two indicators. Hence, the social and economic conditions limit the LCH scope, bearing out that elderly not depress systematically savings.”

According to the news reporters, the research concluded: “Therefore, to sustain saving major economic and financial reforms are needed, as to postpone the retirement age, to move from pay-as-you-go system towards funded pension system, to promote life insurance and to diversify the long-run savings products.”

For more information on this research see: The Relationship Ageing of the Population and Saving In an Unemployment Context: Empirical Evidence Using an Autoregressive Distributed Lag Bounds Testing Approach. Australian Economic Papers, 2020;():. Australian Economic Papers can be contacted at: Wiley, 111 River St, Hoboken 07030-5774, NJ, USA. (Wiley-Blackwell - http://www.wiley.com/; Australian Economic Papers - http://onlinelibrary.wiley.com/journal/10.1111/(ISSN)1467-8454)

Our news journalists report that additional information may be obtained by contacting Olfa Frini, University of Manouba, Iscae, Manouba, Tunisia.

The direct object identifier (DOI) for that additional information is: https://doi.org/10.1111/1467-8454.12195. This DOI is a link to an online electronic document that is either free or for purchase, and can be your direct source for a journal article and its citation.

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