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Household Saving In Western European Countries. A General Overview

Author

Listed:
  • 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)

Abstract

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.

Suggested Citation

  • Ileana NICULESCU-ARON & Ozge CAGCAG, 2012. "Household Saving In Western European Countries. A General Overview," Journal of Social and Economic Statistics, Bucharest University of Economic Studies, vol. 1(2), pages 48-58, DECEMBER.
    • Handle: RePEc:aes:jsesro:v:1:y:2012:i:2:p:48-58
    as

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    References listed on IDEAS

    as
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    More about this item

    Keywords

    household saving; cluster analysis; determinants of population savings;
    All these keywords.

    JEL classification:

    • C10 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - General
    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe

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