TY  - GEN
TI  - Household Savings in Transition Economies
AU  - Denizer, Cevdet
AU  - Wolf, Holger C
AU  - Ying, Yvonne
PY  - 2000
PB  - World Bank, Washington, DC
LA  - eng
KW  - ASSET MANAGEMENT
KW  - BANK FAILURES
KW  - BANKING CRISES
KW  - CAPITAL FLOWS
KW  - CENTRAL PLANNING
KW  - COMPARATIVE ECONOMICS
KW  - CONSUMERS
KW  - CONSUMPTION SMOOTHING
KW  - DECENTRALIZATION
KW  - DEVELOPMENT ECONOMICS
KW  - ECONOMIC ACTIVITY
KW  - ECONOMIC BEHAVIOR
KW  - ECONOMIC CHANGE
KW  - ECONOMIC SYSTEMS
KW  - EMPLOYMENT
KW  - ENVIRONMENTAL PERFORMANCE
KW  - EQUILIBRIUM
KW  - EXCHANGE RATE
KW  - EXPENDITURES
KW  - FINANCIAL SECTOR
KW  - FISCAL DEFICITS
KW  - FIXED PRICES
KW  - GDP
KW  - GROWTH RATE
KW  - HOUSEHOLD CONSUMPTION
KW  - HOUSEHOLD INCOME
KW  - HOUSEHOLD SURVEYS
KW  - HOUSING
KW  - INCOME
KW  - INCOME DISTRIBUTION
KW  - INCOME ELASTICITY
KW  - INCOME INEQUALITY
KW  - INCOME LEVELS
KW  - INCOME RISK
KW  - INFLATION
KW  - INSURANCE
KW  - INSURANCE MARKETS
KW  - INTEREST RATES
KW  - INTERMEDIATE GOODS
KW  - LIQUIDITY
KW  - MARKET ECONOMIES
KW  - OVERVALUATION
KW  - PENSIONS
KW  - PERMANENT INCOME
KW  - PERMANENT INCOME HYPOTHESIS
KW  - PERSONAL SAVINGS
KW  - PLANNED ECONOMIES
KW  - POLITICAL ECONOMY
KW  - POLLUTION
KW  - POLLUTION CONTROL
KW  - POVERTY REDUCTION
KW  - PRIVATIZATION
KW  - PRODUCTIVE ASSETS
KW  - PROPENSITY TO SAVE
KW  - REAL GDP
KW  - REAL RATE OF INTEREST
KW  - REAL WAGES
KW  - SAVINGS
KW  - SAVINGS BEHAVIOR
KW  - SAVINGS RATES
KW  - SAVINGS THEORIES
KW  - SOCIAL ASSISTANCE
KW  - TARGETING
KW  - TRANSITION ECONOMIES
KW  - TRANSPORT
KW  - UNEMPLOYMENT
KW  - WAGES
KW  - WEALTH
KW  - WILLINGNESS TO PAY
AB  - During the transition from central planning to market economies now under way in Eastern Europe, output levels first collapsed by 40 to 50 percent in most countries, then staged a modest recovery in the last two years. Longer-term revival of growth requires a resumption of investment and thus, realistically, of domestic savings. To explore the determinants of household savings rates in transition economies, the authors studies matching household surveys for three Central European economies: Bulgaria, Hungary, and Poland. They find that savings rates strongly increase with relative income, suggesting that increasing income inequality may play a role in determining savings rates. Savings rates are significantly higher for households that do not own their homes or that own few of the standard consumer durables - possibly because, with no retail credit or mortgage markets, households must save to purchase houses and durables. The influence of demographic factors broadly matches earlier findings for developing countries. Perhaps surprisingly, variables associated with the households position in the transition process - including either sector of employment (public or private) or form of employment - do not play a significant role in determining savings rates.
UR  - http://hdl.handle.net/10986/22359
UR  - https://www.pollux-fid.de/r/base-ftworldbank:oai:openknowledge.worldbank.org:10986/22359
H1  - Pollux (Fachinformationsdienst Politikwissenschaft)
ER  -