Determinants of personal saving: a study of salaried individuals in Thailand
This study identifies factors that influence the saving behaviour of salaried individuals in Thailand. The results of the univariate and multivariate analyses show that income, age, marital status, number of children and educational level have a positive influence on the individuals' average saving. The study indicates that those individuals who do not save and are not willing to save have a more indifferent attitude towards the factors of willingness to save than the individuals who save or are willing to save. The logit regression results also show that the odds of saving willingness are positively influenced by gender, other financial dependents and household income. The proposed model of influence on saving suggests that an individual will take a series of actions on saving if he/she has a surplus portion of income, a concern for future spending and a trusted saving product.
Volume (Year): 3 (2012)
Issue (Month): 1 ()
|Contact details of provider:|| Web page: http://www.inderscience.com/browse/index.php?journalID=214|
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- James M. Poterba & David A. Wise, 1996.
"Individual Financial Decisions in Retirement Saving Plans and The Provision of Resources for Retirement,"
NBER Working Papers
5762, National Bureau of Economic Research, Inc.
- James M. Poterba & David A. Wise, 1998. "Individual Financial Decisions in Retirement Saving Plans and the Provision of Resources for Retirement," NBER Chapters, in: Privatizing Social Security, pages 363-401 National Bureau of Economic Research, Inc.
- Milton Friedman, 1957. "A Theory of the Consumption Function," NBER Books, National Bureau of Economic Research, Inc, number frie57-1, 07.
- CLARK, ROBERT L. & d'AMBROSIO, MADELEINE B. & McDERMED, ANN A. & SAWANT, KSHAMA, 2006. "Retirement plans and saving decisions: the role of information and education," Journal of Pension Economics and Finance, Cambridge University Press, vol. 5(01), pages 45-67, March.
- Harris, Mark N & Loundes, Joanne & Webster, Elizabeth, 2002. "Determinants of Household Saving in Australia," The Economic Record, The Economic Society of Australia, vol. 78(241), pages 207-23, June.
- Paul R. Masson & Tamim Bayoumi & Hossein Samiei, 1995.
"International Evidenceon the Determinants of Private Saving,"
IMF Working Papers
95/51, International Monetary Fund.
- Masson, Paul R & Bayoumi, Tamim & Samiei, Hossein, 1998. "International Evidence on the Determinants of Private Saving," World Bank Economic Review, World Bank Group, vol. 12(3), pages 483-501, September.
- 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.
- Athukorala, Prema-chandra & Sen, Kunal, 2001.
"The Determinants of Private Saving in India,"
Departmental Working Papers
2001-12, The Australian National University, Arndt-Corden Department of Economics.
- Kivilcim Metin Ozcan & Asli Gunay & Seda Ertac, 2003.
"Determinants of private savings behaviour in Turkey,"
Taylor & Francis Journals, vol. 35(12), pages 1405-1416.
- Kivilcim Metin-Ozcan, 2002. "Determinants of Private Saving Behaviour in Turkey," Working Papers 0206, Department of Economics, Bilkent University.
- Amanda Moore & Sondra Beverly & Michael Sherraden & Margaret Sherraden & Lissa Johnson & Mark Schreiner, 2001. "Saving and Asset-Accumulation Strategies Used by Low-Income Individuals," GE, Growth, Math methods 0108001, EconWPA, revised 27 Dec 2001.
When requesting a correction, please mention this item's handle: RePEc:ids:afasfa:v:3:y:2012:i:1:p:34-68. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Graham Langley)
If references are entirely missing, you can add them using this form.