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A Pre-Investigation on the Saving Behaviour of the European Area: A Robust Classification on This Issue

Author

Listed:
  • Ozlem YORULMAZ

    () (Istanbul University)

  • Oya EKICI

    () (Istanbul University)

Abstract

Saving behaviours of countries are shaped with the effects of the some elements as social policies, age structures, cultures, and so forth. Inherently these elements change country to country. Since the possible European countries saving behaviour variation can be seen as a striking issue, the paper aims to explore and classify the different structured countries. For the purpose the classification process is based on Modigliani’s life-cycle model and performed with robust approach.

Suggested Citation

  • Ozlem YORULMAZ & Oya EKICI, 2010. "A Pre-Investigation on the Saving Behaviour of the European Area: A Robust Classification on This Issue," Istanbul University Econometrics and Statistics e-Journal, Department of Econometrics, Faculty of Economics, Istanbul University, vol. 12(1), pages 89-101, November.
  • Handle: RePEc:ist:ancoec:v:12:y:2010:i:1:p:89-101
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    File URL: http://eidergisi.istanbul.edu.tr/sayi12/iueis12m5.pdf
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    More about this item

    Keywords

    Life-cycle savings model; outlying European countries for saving structure comparison; robust outlier detection.;

    JEL classification:

    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
    • J11 - Labor and Demographic Economics - - Demographic Economics - - - Demographic Trends, Macroeconomic Effects, and Forecasts
    • N34 - Economic History - - Labor and Consumers, Demography, Education, Health, Welfare, Income, Wealth, Religion, and Philanthropy - - - Europe: 1913-
    • C19 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Other

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