Focus Taiwan
Date: 2016/05/18
By: Chen Cheng-wei
Taipei, May 18 (CNA) Angus Deaton, who was awarded the Nobel Memorial Prize in
During a speech at the Taipei International Convention Center that day, Deaton said that many Americans do not have the habit of saving, so if a study on saving habits were to be conducted, it should be done in Taiwan, China or South Korea.
Taiwanese people save money no matter what age they are, Deaton observed, adding that he has not figured out the reason for this.
Meanwhile, Deaton said that when addressing problems of inequality in consumption, one must also analyze individual consumer behavior and not just the overall economic data. [FULL STORY]