Ageing, Longevity and Savings: The Case of Morocco
In this paper we investigate empirically the relationship between population agings begins in Morocco and private savings. To do this, we use an overlapping generations model (OLG) using annual data from 1980 to 2010. Econometric estimates show that if the increase in the dependency ratio negativel...
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| Format: | Article |
| Language: | English |
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EconJournals
2014-03-01
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| Series: | International Journal of Economics and Financial Issues |
| Online Access: | https://econjournals.com/index.php/ijefi/article/view/737 |
| _version_ | 1797918331324334080 |
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| author | Ghizlan Loumrhari |
| author_facet | Ghizlan Loumrhari |
| author_sort | Ghizlan Loumrhari |
| collection | DOAJ |
| description |
In this paper we investigate empirically the relationship between population agings begins in Morocco and private savings. To do this, we use an overlapping generations model (OLG) using annual data from 1980 to 2010. Econometric estimates show that if the increase in the dependency ratio negatively affects the growth rate of savings, as predicted by the lifecycle theory, longevity to the contrary tends to stimulate the same savings. However, it seems that the first effect outweighs the second. Economic policies to promote private savings and incentives for households to have more children are needed to meet the challenge of severe aging population which will face Morocco in the coming decades.
Keywords: Population aging; private saving; OLG model
JEL Classifications: C13; E21; J11
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| first_indexed | 2024-04-10T13:27:38Z |
| format | Article |
| id | doaj.art-2a9d8fc09d5a42d8bca70d8dd1a86e19 |
| institution | Directory Open Access Journal |
| issn | 2146-4138 |
| language | English |
| last_indexed | 2024-04-10T13:27:38Z |
| publishDate | 2014-03-01 |
| publisher | EconJournals |
| record_format | Article |
| series | International Journal of Economics and Financial Issues |
| spelling | doaj.art-2a9d8fc09d5a42d8bca70d8dd1a86e192023-02-15T16:11:47ZengEconJournalsInternational Journal of Economics and Financial Issues2146-41382014-03-0142Ageing, Longevity and Savings: The Case of MoroccoGhizlan Loumrhari0Mohammed V РSouissi University, FSJES Sal̩, Morocco Email : lghizlan@gmail.com In this paper we investigate empirically the relationship between population agings begins in Morocco and private savings. To do this, we use an overlapping generations model (OLG) using annual data from 1980 to 2010. Econometric estimates show that if the increase in the dependency ratio negatively affects the growth rate of savings, as predicted by the lifecycle theory, longevity to the contrary tends to stimulate the same savings. However, it seems that the first effect outweighs the second. Economic policies to promote private savings and incentives for households to have more children are needed to meet the challenge of severe aging population which will face Morocco in the coming decades. Keywords: Population aging; private saving; OLG model JEL Classifications: C13; E21; J11 https://econjournals.com/index.php/ijefi/article/view/737 |
| spellingShingle | Ghizlan Loumrhari Ageing, Longevity and Savings: The Case of Morocco International Journal of Economics and Financial Issues |
| title | Ageing, Longevity and Savings: The Case of Morocco |
| title_full | Ageing, Longevity and Savings: The Case of Morocco |
| title_fullStr | Ageing, Longevity and Savings: The Case of Morocco |
| title_full_unstemmed | Ageing, Longevity and Savings: The Case of Morocco |
| title_short | Ageing, Longevity and Savings: The Case of Morocco |
| title_sort | ageing longevity and savings the case of morocco |
| url | https://econjournals.com/index.php/ijefi/article/view/737 |
| work_keys_str_mv | AT ghizlanloumrhari ageinglongevityandsavingsthecaseofmorocco |