New Zealand; Selected Issues Paper
The Savings Working Group in New Zealand presented recommendations in February 2011, and suggested raising national saving by 2–3 percent of GDP. The increase in net public saving in the country explains part of the reason for lower net private saving in New Zealand. Net public saving of the country is about 3 percent of GDP above the average of advanced countries for the past 15 years. Financial liberalization also appears to have played a role in saving behavior.
Year of publication: |
2011-05-09
|
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Institutions: | International Monetary Fund (IMF) ; International Monetary Fund |
Subject: | Asia | Developed countries | Economic models | Emerging markets | External shocks | Private savings | Selected issues | private saving | dependency ratio | life expectancy | age dependency ratio | health care | old-age dependency | retirement | old age dependency | old-age dependency ratio | working-age population | demographics | pensions | bureau of statistics | birth | life expectancy at birth | retirement age | working age population | tax treatment | demographic trends |
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