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Saving in Austria – Too Little and Too Late?

Author

Listed:
  • Martin Schürz

    (Oesterreichische Nationalbank, Economic Analysis Division)

Abstract

On October 24, 2008, the Oesterreichische Nationalbank (OeNB) held an international workshop entitled “Saving in Austria – Too Little and Too Late?”. The purpose of the event was to devote more attention to an important economic topic which even experts still do not understand sufficiently in all its various facets. In a small group of experts, the following questions were discussed at length: What determines people’s saving behavior? What influencing factors stand in the way of rational saving behavior? And what problems arise in the analytical conceptualization of household saving?

Suggested Citation

  • Martin Schürz, 2008. "Saving in Austria – Too Little and Too Late?," Monetary Policy & the Economy, Oesterreichische Nationalbank (Austrian Central Bank), issue 4, pages 135-142.
    • Handle: RePEc:onb:oenbmp:y:2008:i:4:b:8
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    More about this item

    Keywords

    saving; wealth; household decisions; financial literacy;
    All these keywords.

    JEL classification:

    • D14 - Microeconomics - - Household Behavior - - - Household Saving; Personal Finance
    • D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth

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