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Savings in Latvia

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Author Info

  • Agnese Bicevska
  • Aleksejs Melihovs
  • Krista Kalnberzina

Abstract

A high saving rate is the foundation of a sustainable national social and economic policy. Nevertheless, boosting saving is not an end in itself. The process of making savings should be analysed taking into account several related aspects. This paper aims at conducting a detailed and comprehensive analysis of saving behaviour in Latvia and its estimation in the global context. Household saving behaviour and saving habits are in a particular focus and are examined econometrically using a unique source of Latvia's micro data, i.e. household budget surveys.

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File URL: http://www.bank.lv/public_files/images/img_lb/izdevumi/latvian/citas/diskusij_mater/dm_2009-1_en.pdf
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File URL: http://www.macroeconomics.lv/sites/default/files/dm_2009-1_en.pdf
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Bibliographic Info

Paper provided by Latvijas Banka in its series Discussion Papers with number 2009/01.

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Date of creation: 01 Oct 2009
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Handle: RePEc:ltv:dpaper:200901

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Related research

Keywords: savings; household saving habits; micro data; cross-section model;

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References

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  1. Kitamura, Yukinobu & Takayama, Noriyuki & Arita, Fumiko, 2000. "Household Savings in Japan Revisited," Discussion Paper 6, Center for Intergenerational Studies, Institute of Economic Research, Hitotsubashi University.
  2. Mechthild Schrooten & Sabine Stephan, 2002. "Back on Track?: Savings Puzzles in EU-Accession Countries," Discussion Papers of DIW Berlin 306, DIW Berlin, German Institute for Economic Research.
  3. Alexander Ludwig & Torsten Sløk, 2002. "The Impact of Changes in Stock Prices and House Priceson Consumption in OECD Countries," IMF Working Papers 02/1, International Monetary Fund.
  4. John K Gibson & Grant M Scobie, 2001. "Household Saving Behaviour in New Zealand: A Cohort Analysis," Treasury Working Paper Series 01/18, New Zealand Treasury.
  5. Marialuz Moreno Badia, 2006. "Who Saves in Ireland? T+L3251he Micro Evidence," IMF Working Papers 06/131, International Monetary Fund.
  6. Aleksejs Melihovs & Anna Zasova, 2009. "The Assessment of Natural Rate of Unemployment and Capacity Utilisation in Latvia," Working Papers 2009/02, Latvijas Banka.
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