LifeCycleSavings

Intercountry Life-Cycle Savings Data

Data on the savings ratio 1960--1970.

Keywords
datasets
Usage
LifeCycleSavings
Details

Under the life-cycle savings hypothesis as developed by Franco Modigliani, the savings ratio (aggregate personal saving divided by disposable income) is explained by per-capita disposable income, the percentage rate of change in per-capita disposable income, and two demographic variables: the percentage of population less than 15 years old and the percentage of the population over 75 years old. The data are averaged over the decade 1960--1970 to remove the business cycle or other short-term fluctuations.

Format

A data frame with 50 observations on 5 variables.

[,1] sr numeric aggregate personal savings
[,2] pop15 numeric % of population under 15
[,3] pop75 numeric % of population over 75
[,4] dpi numeric real per-capita disposable income

References

Sterling, Arnie (1977) Unpublished BS Thesis. Massachusetts Institute of Technology.

Belsley, D. A., Kuh. E. and Welsch, R. E. (1980) Regression Diagnostics. New York: Wiley.

Aliases
  • LifeCycleSavings
Examples
library(datasets) # NOT RUN { require(stats); require(graphics) pairs(LifeCycleSavings, panel = panel.smooth, main = "LifeCycleSavings data") fm1 <- lm(sr ~ pop15 + pop75 + dpi + ddpi, data = LifeCycleSavings) summary(fm1) # }
Documentation reproduced from package datasets, version 3.5.1, License: Part of R 3.5.1

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