| Autor: |
Hong, Gong-Soog, Sung, Jaimie, Kim, Soon-Mi |
| Předmět: |
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| Zdroj: |
Family & Consumer Sciences Research Journal; Jun2002, Vol. 30 Issue 4, p437-462, 26p |
| Abstrakt: |
Using the 1998 Korean Household Panel Study, this article examines the factors affecting the likelihood of being a saver and identifies the factors influencing the savings rate. Family income was positively related to the savings of families with high income, but no significant relationship was found between income and savings among low-income families. Second, any consumption smoothing would give a positive correlation between current income and saving because transitory income shocks would lead to higher current income and to more saving. The household savings rate is higher for households with higher incomes: 22.14% of income is saved among households with incomes of less than 100,000 won, and 30.42% of income is saved among households with incomes of more than 500,000 won. Household income was significantly and positively related to household savings rate, with a higher household income being related to a higher savings rate, holding other factors constant. [Extracted from the article] |
| Databáze: |
Complementary Index |
| Externí odkaz: |
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