Why is Singapore's saving rate so high?
Lim, Han Kwang.
Tow, Chee Yunn.
Date of Issue2002
College of Business (Nanyang Business School)
The Gross National Savings rate in Singapore has risen from 23% in 1972 to 52% in 2000. Using a three-period life-cycle hypothesis to build our savings function, we identified dependency ratio, property price, gross domestic growth and demand for cars as the determinants behind this remarkable saving rate unmatched by that of any country in the world.
Final Year Project (FYP)
Nanyang Technological University