Household Savings in Transition Economies /

Based on matching household surveys for three central European countries, Bulgaria, Hungary and Poland, we explore the determinants of household saving rates in transition economies. We find savings rates to increase strongly in relative income and to be significantly higher for households owning fe...

Ausführliche Beschreibung

1. Verfasser:

Denizer, Cevdet

Körperschaft:

National Bureau of Economic Research

Weitere Verfasser:

Wolf, Holger C.

Format:

Elektronisch E-Book

Sprache:

Englisch

Veröffentlicht:

Cambridge, Mass. National Bureau of Economic Research 1998.
Cambridge, MA : National Bureau of Economic Research, 1998.

Zusammenfassung:

Based on matching household surveys for three central European countries, Bulgaria, Hungary and Poland, we explore the determinants of household saving rates in transition economies. We find savings rates to increase strongly in relative income and to be significantly higher for households owning few of the standard consumer durables, consistent with anticipatory savings prior to durable purchases in the absence of retail credit markets. The influence of demographic factors broadly matches earlier findings for developing countries. Perhaps surprisingly, variables associated with the position of the household in the transition process, notably the sector of employment, plays no significant role in determining savings rates.

Umfang:

1 online resource: illustrations (black and white);

Anmerkungen:

March 1998.

Schlagworte:

Saving and investment.

Income.

Household surveys.

Financial literacy.