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University Students’ Preferences about Savings and Investments at Individual and National level in the 21st Century: The Case of Turkey

Author

Listed:
  • Yumurtaci Aynur

    (Ph.D., Istanbul University, Faculty of Economics, Turkey)

  • Bagis Bilal

    (Visiting Asst. Prof., UC Berkeley, Department of Economics, Berkeley, CA, The United States of America.)

Abstract

This paper aims to capture the favored both national and individual saving and investment perceptions of the Turkish youth. Also, the research contributes to the understanding of the common preferences of the youth and focuses on perceptions over their home country’s saving-investment decisions. We reason, it is important to evaluate views of the youth on national savings and investments as they will be both the decision-makers determining the economic and social policies of the near future and the ones that are directly impacted by these policies implemented today. For this purpose, a questionnaire is applied to randomly selected 550 university students in Turkey and the results are analyzed by the chi-square test. Accordingly, students have mostly preferred that investments should be primarily made to the education sector at national level while investment made for the social security system is placed on the last rank. In addition, education is the most important individual investment choice of participants. On the other hand, information technologies, energy, and agriculture are identified as the most significant investment areas, which could be potentially increased the global competitiveness of their home country. Another important outcome of this research is that students prefer to invest their individual savings in gold and real estate investments, respectively.

Suggested Citation

  • Yumurtaci Aynur & Bagis Bilal, 2020. "University Students’ Preferences about Savings and Investments at Individual and National level in the 21st Century: The Case of Turkey," Review of Economic Perspectives, Sciendo, vol. 20(4), pages 485-502, December.
    • Handle: RePEc:vrs:reoecp:v:20:y:2020:i:4:p:485-502:n:5
    DOI: 10.2478/revecp-2020-0024
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    References listed on IDEAS

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    1. Feldstein, Martin & Horioka, Charles, 1980. "Domestic Saving and International Capital Flows," Economic Journal, Royal Economic Society, vol. 90(358), pages 314-329, June.
    2. Calvin Mudzingiri & John W. Muteba Mwamba & Jacobus Nicolaas Keyser, 2018. "Incentivized Time Preferences, Level of Education in a Household and Financial Literacy: Laboratory Evidence," Journal of Economics and Behavioral Studies, AMH International, vol. 10(2), pages 103-119.
    3. Ozturk, Ilhan, 2001. "The role of education in economic development: a theoretical perspective," MPRA Paper 9023, University Library of Munich, Germany.
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    More about this item

    Keywords

    Economic Policies; Investment; Saving; Turkish Economy; University Students;
    All these keywords.

    JEL classification:

    • D6 - Microeconomics - - Welfare Economics
    • E2 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment
    • H3 - Public Economics - - Fiscal Policies and Behavior of Economic Agents
    • H5 - Public Economics - - National Government Expenditures and Related Policies
    • I3 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty

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