Portal de Periódicos da CAPES

Household Savings in the Transition

2002; Elsevier BV; Volume: 30; Issue: 3 Linguagem: Inglês

10.1006/jcec.2002.1792

1095-7227

Cevdet Denizer, Holger Wolf, Yvonne Ying,

Global Health Care Issues

We explore household savings decision in Bulgaria, Hungary, and Poland during the transition from plan to market, finding four main results. First, except for the age profile, the effects of standard determinants on savings are comparable for transition and market economies. Second, we do not find support for a precautionary savings motive. Third, the evidence on consumption smoothing is mixed. Education of the head of the household, but not employment characteristics, are linked robustly to savings. Fourth, ownership of durables is negatively correlated with savings, consistent with the presence of anticipatory savings. J. Comp. Econ., September 2002 30(3), pp. 463–475. The World Bank, 1818 H Street N.W., Washington, DC 20433; Center for German and European Studies, Georgetown University, Washington, DC 20057; and Oxford University Oxford, England OX1 2RL, United Kingdom. © 2002 Association for Comparative Economic Studies. Published by Elsevier Science (USA). All rights reserved. Journal of Economic Literature Classification Numbers: D12, D31, D91, O16, P36.