Household Savings of Slovakia: Effects of Banks, Dependency ratio, Transitory Income and Unemployment.

Pitoňáková, Renáta

doi:10.1504/ijtgm.2017.10002793

Cited by 1 publication

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“…The positive relation between the savings and elderly ratio was identified by, e.g. Thanoon and Baharumshah (2007), Pitoňáková (2017), Pécsyová, Vaňko and Machlica, (2013a,b), Grace, Bersales and Mapa (2006), Páleník et al (2012). The assumption of the LCH about dissaving of people in retirement were confirmed by, e.g.…”

Section: Overview Of Literaturementioning

confidence: 94%

“…Kivanc (2015) focused on savings in the APEC countries with the results showing demographics and growth as important determinants of private saving rates. The savings of Slovakia have been elaborated by, among others, Messner and Zavadil (2014), Bruncková, Machlica and Vaňko, (2010), Páleník et al (2012), Sergi (2003), Pitoňáková (2015Pitoňáková ( , 2017, Puhofová et al (2012), Pécsyová, Vaňko and Machlica (2013a, b), Pauhofová and Želinský (2015).…”

Section: Overview Of Literaturementioning

confidence: 99%

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Private Sector Savings

Pitoňáková

2018

Danube

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The majority of household savings are in the form of bank deposits. It is therefore of interest for credit institutions to tailor their deposit policy for getting finances from non-banking entities and to provide the private sector with the loans that are necessary for investment activities and consumption. This paper deals with the determinants of the saving rate of the private sector of Slovakia. Economic, financial and demographic variables influence savings. Growth of income per capita, private disposable income, elderly dependency ratio, real interest rate and inflation have a positive impact on savings, while increases in public savings indicate a crowding out effect. The inflation rate implies precautionary savings, and dependency ratio savings for bequest. There are also implications for governing institutions deciding on the implementation of appropriate fiscal and monetary operations.

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Section: Overview Of Literaturementioning

confidence: 94%

Section: Overview Of Literaturementioning

confidence: 99%