Household saving motives and socio-demographic factors

• Authors: Anna M. Korzeniowska , Paweł Ulman

Title variants

PL

Oszczędzanie a cechy społeczno-demograficzne gospodarstw domowych

Abstracts

PL

Koncepcja niniejszego badania została zainspirowania szeroką dyskusją w literaturze przedmiotu odnoszącą się do motywów oszczędzania. W pracy zbadano związek między motywami oszczędzania a cechami społeczno-ekonomicznymi gospodarstw domowych w strefie euro, Chorwacji, na Węgrzech i w Polsce, takimi jak: typ społeczny gospodarstwa domowego, płeć osoby referencyjnej (RP), jej wiek, poziom wykształcenia, stan cywilny. Wzięto też pod uwagę różnice w wartości aktywów finansowych badanych gospodarstw domowych. W tym celu wykorzystano dane z Household Finance and Consumption Survey. Do analizy wykorzystano model logitowy z oszacowaniem największej wiarygodności dla różnych motywów oszczędzania i grup krajów. Użyto również modelu Poissona dla zmiennej liczącej. Wyniki analizy wskazują, że typ społeczny gospodarstw domowych ma kluczowe znaczenie dla określenia motywów oszczędzania, w szczególności gromadzenia środków przeznaczonych na edukację dzieci i pozostawienia spadku. Dodatkowo zidentyfikowano różnice w liczbie i zestawach motywów oszczędzania pomiędzy gospodarstwami domowymi z krajów o zarówno wysokim, jak i niskim poziomie aktywów finansowych. W krajach, w których gospodarstwa domowe są mniej zamożne, motyw oszczędzania na zakup mieszkania ma większe znaczenie. Ponadto gospodarstwa domowe z większymi zasobami finansowymi – głównie z krajów Europy Zachodniej – wykazują większą troskę o oszczędzanie na starość i inwestycje.

EN

This research was inspired by broad discussions on the motives for saving. We examine the relationship between the motives for saving and the socio-economic characteristics of households in the eurozone, Croatia, Hungary and Poland, such as: the social type of the household, gender of the reference person (RP), their age, level of education, marital status, taking into account the differences in the value of these households’ financial assets. For this purpose, we used data from the Household Finance and Consumption Survey. The logit model was used to analyse with maximum likelihood estimation the different saving motives and country groups. We also used a Poisson model for a count variable. The results demonstrate that the social type of households is crucial in determining their motives for saving, particularly for child education and leaving an inheritance. Additionally, we identify differences in the number and sets of saving motives between households from countries with both high and low levels of financial assets. In countries where households are less well-off, the motive for saving to purchase residential estate is of greater importance. Moreover, households with more financial assets – mainly from the countries of Western Europe – show more concern about saving for old age and investment.

Keywords

EN

saving motives; household finance; socio-economic characteristics; household saving; EU

PL

motywy oszczędzania; finanse gospodarstwa domowego; cechy społeczno-ekonomiczne; oszczędności gospodarstw domowych

• Publisher: Uniwersytet im. Adama Mickiewicza w Poznaniu
• Journal: Ruch Prawniczy, Ekonomiczny i Socjologiczny
• Year: 2023
• Volume: 85
• Issue: 4
• Pages: 177-197

Dates

published

2023

Contributors

author

Anna M. Korzeniowska

• Maria Curie-Skłodowska University

• https://orcid.org/0000000198095260

author

Paweł Ulman

• Jagiellonian University

• https://orcid.org/0000000219118821

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Identifiers

DOI

10.14746/rpeis.2023.85.4.09

Biblioteka Nauki

28825044