Household Savings in Transition Economies / Cevdet Denizer, Holger C. Wolf.

Format:

Book

Author/Creator:

Denizer, Cevdet.

Contributor:

National Bureau of Economic Research.

Wolf, Holger C.

Series:

Working Paper Series (National Bureau of Economic Research) no. w6457.

NBER working paper series no. w6457

Language:

English

Subjects (All):

Saving and investment.

Income.

Household surveys.

Financial literacy.

Physical Description:

1 online resource: illustrations (black and white);

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 1998.

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

Summary:

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.

Notes:

Print version record

March 1998.