This paper first analyzes the impact of population aging on national saving rate and the influence mechanism of related factors, and then selects the data of macroeconomic indicators of 35 Asian countries from 2001 to 2020 to establish a panel data regression model to study the impact of population aging on national saving rate. The results show that population aging has a significant inhibitory effect on the growth of savings rate, and the mediating variable per capita consumption expenditure plays a part in the process of influence, while the moderating variable deposit interest rate plays a reverse moderating effect on this influence.

Wen Zhihui, He Wen, Liao Xin. A study of the effect of population aging on the savings rate—An empirical analysis of the mediating and moderating effects based on 35 Asian countries. The Frontiers of Society, Science and Technology (2023) Vol. 5, Issue 3: 95-100. https://doi.org/10.25236/FSST.2023.050316.

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