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Household Savings in Hong Kong: A Statistical Analysis

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  • Che-cheong Poon
  • Tai-Yuen Hon

Abstract

Based on the primary data derived from a household savings survey conducted by the authors and supplementary secondary data extracted from government official statistics, the results of statistical analysis show that the disparities in the distribution of household savings in Hong Kong was more serious than that in household income or expenditure, the major household saving motive was precautionary, the key determinant of household savings was salaries income, the life-cycle hypothesis of savings could be applied in Hong Kong, and savings were not adequate for the vast majority of households in Hong Kong. Copyright Springer Science+Business Media New York 2015

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  • Che-cheong Poon & Tai-Yuen Hon, 2015. "Household Savings in Hong Kong: A Statistical Analysis," Journal of Family and Economic Issues, Springer, vol. 36(3), pages 353-368, September.
    • Handle: RePEc:kap:jfamec:v:36:y:2015:i:3:p:353-368
    DOI: 10.1007/s10834-015-9457-0
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    Cited by:

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    2. Thomas Piketty & Li Yang, 2022. "Income and Wealth Inequality in Hong Kong, 1981-2020: The Rise of Pluto-Communism?," PSE Working Papers halshs-03828873, HAL.
    3. Thomas Piketty & Li Yang, 2022. "Income and Wealth Inequality in Hong Kong, 1981-2020: The Rise of Pluto-Communism?," World Inequality Lab Working Papers halshs-03828873, HAL.
    4. Zeynep Copur & Michael S. Gutter, 2019. "Economic, Sociological, and Psychological Factors of the Saving Behavior: Turkey Case," Journal of Family and Economic Issues, Springer, vol. 40(2), pages 305-322, June.
    5. Swarn Chatterjee & Lu Fan & Soomin Ryu & Jinhee Kim, 2021. "A Decade Review of Asian Studies in the Journal of Family and Economic Issues from 2010 to 2019," Journal of Family and Economic Issues, Springer, vol. 42(1), pages 178-194, July.

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