An Analysis of Age Dependency Burden and Saving Rates in Pakistan


  • Muhammad Ali Nawaz Visiting Lecturer, School of Economics, Bahauddin Zakariya University Multan, Pakistan
  • Imran Sharif Chaudhry Professor, School of Economics, Bahauddin Zakariya University, Multan Pakistan
  • Muhammad Ahmed Shehzad Associate Professor, Department of Statistics, Bahauddin Zakariya University, Multan Pakistan
  • Muhammad Ramzan Sheikh Associate Professor, School of Economics, Bahauddin Zakariya University, Multan Pakistan



Interest Rate, GDP Per-Capita, Capital Labor ratio, Dependency Burden, Saving Rate


This study analyzes the impact of age dependency on gross savings for the period of 1975 to 2018 by applying ARDL and Granger causality techniques. The findings of the study suggest that young-age dependency and old-age dependency have a negative impact on gross savings in the long run. Granger causality test reveals that the causality between age-dependency of young and gross savings is bidirectional while the causality between age-dependency of old and gross savings is unidirectional. The study is also equipped with policy implications.


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How to Cite

Nawaz, M. A. ., Chaudhry, I. S. ., Shehzad, M. A. ., & Sheikh, M. R. . . (2021). An Analysis of Age Dependency Burden and Saving Rates in Pakistan. Review of Applied Management and Social Sciences, 4(2), 531-546.

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