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Household Saving In Western European Countries. A General Overview

Listed author(s):
  • Ileana NICULESCU-ARON

    ()

    (Bucharest Academy of Economic Studies, Romania, Department of Statistics and Econometrics)

  • Ozge CAGCAG

    ()

    (Bucharest Academy of Economic Studies, Romania, Department of Statistics and Econometrics)

Registered author(s):

    A key factor to economic recovery and development is household saving. Keeping this in mind, the present paper aims at analysing the evolution of the saving rates of selected Western European countries for the period between 1995 and 2011. The focus was on identifying groups of countries with similar saving rates and socio-economic characteristics. Due to the way in which the groups were formed in our analysis, we were able to highlight some similarities within groups and divergences between groups, from which the conclusion that saving behaviour is determined by a combination of economic, social, demographic and cultural factors may be drawn.

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    Article provided by Bucharest University of Economic Studies in its journal Journal of Social and Economic Statistics.

    Volume (Year): 1 (2012)
    Issue (Month): 2 (DECEMBER)
    Pages: 48-58

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    Handle: RePEc:aes:jsesro:v:1:y:2012:i:2:p:48-58
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    1. Martin Browning & Annamaria Lusardi, 1996. "Household Saving: Micro Theories and Micro Facts," Journal of Economic Literature, American Economic Association, vol. 34(4), pages 1797-1855, December.
    2. Patrick Artus, 2002. "Allongement de l'espérance de vie et choix du système de retraite," Revue Économique, Programme National Persée, vol. 53(4), pages 809-824.
    3. Bruno Séjourné & Michel Boutillier & Fabrice Pansard, 2001. "Les conséquences du vieillissement démographique sur l'épargne des ménages en France," Revue Française d'Économie, Programme National Persée, vol. 16(1), pages 51-77.
    4. François Gardes & Greg J, Duncan & Patrice Gaubert & Christophe Starzec, 2002. "Panel and Pseudo-Panel Estimation of Cross-Sectional and Time Series Elasticities of Food Consumption : The Case of American and Polish Data," Working Papers 2002-02, Centre de Recherche en Economie et Statistique.
    5. Gardes, Francois & Duncan, Greg J. & Gaubert, Patrice & Gurgand, Marc & Starzec, Christophe, 2005. "Panel and Pseudo-Panel Estimation of Cross-Sectional and Time Series Elasticities of Food Consumption: The Case of U.S. and Polish Data," Journal of Business & Economic Statistics, American Statistical Association, vol. 23, pages 242-253, April.
    6. Milton Friedman, 1957. "Introduction to "A Theory of the Consumption Function"," NBER Chapters,in: A Theory of the Consumption Function, pages 1-6 National Bureau of Economic Research, Inc.
    7. Milton Friedman, 1957. "A Theory of the Consumption Function," NBER Books, National Bureau of Economic Research, Inc, number frie57-1.
    8. Werner Dirschmid & Ernst Glatzer, 2004. "Determinants of the Household Saving Rate in Austria," Monetary Policy & the Economy, Oesterreichische Nationalbank (Austrian Central Bank), issue 4, pages 25-38.
    9. Patrick Artus, 2002. "Allongement de l'espérance de vie et choix du système de retraite," Revue économique, Presses de Sciences-Po, vol. 53(4), pages 809-823.
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