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Soviet Household Saving: A Cross-Section Study of Soviet Emigrant Families

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  • Gur Ofer
  • Joyce Pickersgill

Abstract

This study examines the saving patterns of Soviet households by developing a saving function based on cross-section data derived from a family budget survey of Soviet emigrants. The results are very similar to those of Western studies. While saving is a positive function of current income, the average rate of saving rises only relatively mildly with income, indicating that current income from the public sector is much more "permanent" than in market economies. The proportion of income earned from the private sector that is saved is much higher—indicating that it is highly transitory and risky. The long-run saving rate is, by international comparison, rather low.

Suggested Citation

  • Gur Ofer & Joyce Pickersgill, 1980. "Soviet Household Saving: A Cross-Section Study of Soviet Emigrant Families," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 95(1), pages 121-144.
    • Handle: RePEc:oup:qjecon:v:95:y:1980:i:1:p:121-144.
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    File URL: http://hdl.handle.net/10.2307/1885352
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    Citations

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    Cited by:

    1. Kim, Byung Yeon, 1997. "Soviet Household Saving Function," Economic Change and Restructuring, Springer, vol. 30(2-3), pages 181-203.
    2. Filippov, Mikhail G, 2002. "Russian Voting and the Initial Economic Shock of Hyperinflation," Public Choice, Springer, vol. 111(1-2), pages 73-104, March.
    3. Michael Alexeev, 1992. "Saving Behavior And Soviet Reform," Contemporary Economic Policy, Western Economic Association International, vol. 10(3), pages 39-48, July.
    4. Linda S. Goldberg & Ildar Karimov, 1992. "Black-Markets for Currency, Hoarding Activity and Currency Reform," NBER Working Papers 4153, National Bureau of Economic Research, Inc.
    5. Kim, Byung-Yeon, 1999. "The Income, Savings, and Monetary Overhang of Soviet Households," Journal of Comparative Economics, Elsevier, vol. 27(4), pages 644-668, December.
    6. Kenneth Smith, 2003. "Individual Welfare in the Soviet Union," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 64(1), pages 75-105, October.
    7. Thomas L Bradley & Paul B Eberle, 2023. "Purchasing Power Parity In Russia And The Transitioning Economy 1990-1995," Review of Economic and Business Studies, Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, issue 31, pages 85-111, June.
    8. Kim, Byung Yeon & Shida, Yoshisada, 2014. "Shortages and the Informal Economy in the Soviet Republics: 1965-1989," RRC Working Paper Series 43, Russian Research Center, Institute of Economic Research, Hitotsubashi University.
    9. Byung‐Yeon Kim & Yoshisada Shida, 2017. "Shortages and the informal economy in the Soviet republics, 1965–89," Economic History Review, Economic History Society, vol. 70(4), pages 1346-1374, November.
    10. Shida, Yoshisada, 2015. "Forced Savings in the Soviet Republics: Re-examination," RRC Working Paper Series 54, Russian Research Center, Institute of Economic Research, Hitotsubashi University.
    11. Mokhtari, M., 1996. "Savings under quantity constraints: what can we learn from former Soviet families?," Journal of Policy Modeling, Elsevier, vol. 18(5), pages 561-582, October.
    12. Kenneth Smith, 2007. "Determinants of Soviet Household Income," European Journal of Comparative Economics, Cattaneo University (LIUC), vol. 4(1), pages 3-24, June.

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