Household Saving Behavior and the Effect of Income Growth: Evidence from Korean Household Survey Data

Acknowledgments

I thank Peter Clark and John Bennett for suggestions. This paper is a modified and selected portion of the paper, Kwack (2003), that I presented at the KDI-KAEA conference held at KDI in July 2003. The version published here shows the theoretical and empirical underpinning for this type of study. The Revised Version of the full paper, Kwack (2004), will be forthcoming in the KDI Journal of Economic Policy, June 2004. It includes the complete data, tables, and other related subjects such as dependency ratio effects for those who are interested.

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