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Households'� Saving Mobility in Poland

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  • Barbara Liberda
  • Marek Pęczkowski

Abstract

In this paper we analyse the saving mobility of Polish households, e.g. the mobility of households between classes of different saving rates. The analysis is based on the household budget panel data of 3001 Polish households surveyed in the same month during four consecutive years. The panel sample group was selected by authors from 30 000 households' surveyed by Polish Central Statistical Office each year. We apply the Markov mobility matrices. The long term ergodic structure of households with regard to saving rates is estimated. It illustrates the probability of a household to fall into one of the saving rates range. Our results show that during four consecutive years (1997-2000), one third of the households which saved less than 20% of the household disposable income remained in their class. In the class of households that saved more than 20% of the household disposable income half of the households kept these high saving rates. In the long term, the probability of falling into a group of households with lowest saving is 0.2. Groups falling into -20% to -5% and -5% to 5% saving rates would be the least numerous. The highest probability (0.3) was to get into a group that saved more than 20% of the household disposable income. It shows the tendency towards polarization of the households with regard to saving rates.

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Bibliographic Info

Article provided by Faculty of Economic Sciences, University of Warsaw in its journal Ekonomia journal.

Volume (Year): 17 (2007)
Issue (Month): ()
Pages:

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Handle: RePEc:eko:ekoeko:17_28

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References

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  1. Stephen P. Jenkins & Philippe VanKerm, 2003. "Trends in Income Inequality, Pro-Poor Income Growth and Income Mobility," Discussion Papers of DIW Berlin 377, DIW Berlin, German Institute for Economic Research.
  2. Christopher D. Carroll, 1992. "How does future income affect current consumption?," Working Paper Series / Economic Activity Section 126, Board of Governors of the Federal Reserve System (U.S.).
  3. James M. Poterba, 1994. "Introduction to "International Comparisons of Household Saving"," NBER Chapters, in: International Comparisons of Household Saving, pages 1-10 National Bureau of Economic Research, Inc.
  4. Tyrowicz, Joanna & Wójcik, Piotr, 2009. "Active Labour Market Policies and Unemployment Convergence in Transition," MPRA Paper 15201, University Library of Munich, Germany.
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  7. Ashoka Mody & Franziska Ohnsorge & Damiano Sandri, 2012. "Precautionary Savings in the Great Recession," IMF Economic Review, Palgrave Macmillan, vol. 60(1), pages 114-138, April.
  8. Flavin, Marjorie A, 1981. "The Adjustment of Consumption to Changing Expectations about Future Income," Journal of Political Economy, University of Chicago Press, vol. 89(5), pages 974-1009, October.
  9. Deaton, Angus, 1992. "Understanding Consumption," OUP Catalogue, Oxford University Press, number 9780198288244, September.
  10. Urban J. Jermann & Marianne Baxter, 1999. "Household Production and the Excess Sensitivity of Consumption to Current Income," American Economic Review, American Economic Association, vol. 89(4), pages 902-920, September.
  11. Quah, Danny T., 1996. "Empirics for economic growth and convergence," European Economic Review, Elsevier, vol. 40(6), pages 1353-1375, June.
  12. Zofia Liberda & Brunon Górecki & Marek Pęczkowski, 2006. "Saving from Permanent and Transitory Income. The Case of Polish Households," Ekonomia journal, Faculty of Economic Sciences, University of Warsaw, vol. 14.
  13. Hall, Robert E, 1978. "Stochastic Implications of the Life Cycle-Permanent Income Hypothesis: Theory and Evidence," Journal of Political Economy, University of Chicago Press, vol. 86(6), pages 971-87, December.
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