Savings Behaviour in Households of Farmers as Compared to Other Socio-Economic Groups in Poland

Kozera, Agnieszka; Głowicka-Wołoszyn, Romana; Stanisławska, Joanna

doi:10.17306/jard.2016.82

Cited by 3 publications

(5 citation statements)

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“…This result is in accordance with the findings of Babani (2015) who found out that farm households saved from income generated from both production of crop and livestock with average savings from farm and off-farm activities of ₦ 693,560.5 and ₦1,064000. This is also in agreement with the findings of Kozera et al (2016) who affirmed that farmers' objectives of savings were more frequently than in the other socio-economic groups of households, to ensure provisions for running consumption expenditure, purchase durable goods and expand their economic activity. Source: Field survey, 2019…”

Section: Savings Activities Of the Farmerssupporting

confidence: 91%

Effects of Savings and Investment on Food Security Status of Farm Households in Selected Local Government Areas of Niger State, Nigeria

Sallawu¹,

Hassan²

2021

JASD

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The study examined effects of savings and investment on food security status of farm households in Agaie and Katcha local government areas of Niger State, Nigeria. A total of 120 respondents were used for the study and data collected through interview and questionnaire process. Descriptive statistics, food security index, Ordinary Least Squares (OLS) regression and Exploratory Factor Analysis (EFA) were used to analyze the data. The results revealed the mean age, household size, and farming experience were 38 years, 7 members and 19 years, respectively. Results of the savings and investment pattern revealed that the farmers saved the money in form of cash in the Bank, rotational savings, daily contribution savings and cooperative societies with mean savings of N279,500. The farmers also invested in buying of produce, livestock, contract farming, trading and agricultural processing with mean amount of N231,250. Result of the food security status revealed that 53% of the farm households were food secured while 47% were food insecure. The OLS regression analysis revealed that savings, investment, educational level, farming experience, farm size, membership of association and credit increased food security of farm households. In the contrary, age and household size decreased food security of the farm households in the study area. Result of the EFA revealed that constraints to savings and investment were personal status, administrative and production challenges. It was therefore recommended that farmers be encourage to form savings societies so as to pool their resources together to enable them boost their production and investment capacity and invariably increase their savings. Government and non-governmental organizations (NGOs) should help improve farm household’s access to free education as it increases food security. Farmers should be encouraged to insure their businesses so as to cover their losses due to risks.

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Section: Savings Activities Of the Farmerssupporting

confidence: 91%

Effects of Savings and Investment on Food Security Status of Farm Households in Selected Local Government Areas of Niger State, Nigeria

Sallawu¹,

Hassan²

2021

JASD

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“…46% and 77% compared to 2000. The highest levels of income generated by the households of white-collar workers and self-employed individuals resulted from their higher education level or specialised professional skills compared to other economic and social groups (Kozera and Wysocki, 2014).…”

Section: Study Resultsmentioning

confidence: 99%

“…of income for this group and retirees can be attributed to the government policy, i.e. the indexation of social benefits (Kozera and Wysocki, 2014).…”

Section: Study Resultsmentioning

confidence: 99%

Receipts and income of households in Poland

Kozak

Mrówczyńska-Kamińska

2021

J. Agribus. Rural Dev.

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This article aims to assess the income situation of households in Poland, considering the level of receipts and in[1]come as well as their dynamics and structure. An analysis was also carried out with respect to differences between particular socio-economic groups and between households depending on the number of persons in a household. The Gini coefficient was used for analytical purposes. Moreover, an attempt was made to identify the causes of income diversification. The analysis was carried out based on data derived from household budget surveys conducted by Statistics Poland. The research covered the period from 2000 to 2019 (individual years). The study showed a real increase in the average monthly net receipts and available income in all households. The most favour[1]able financial situation was observed in white-collar workers, self-employed persons and one-person households. The least favourable income situation was found in households of blue[1]collar workers and pensioners and households of six or more persons. However, attention should also be paid to changes taking place in the structure of sources of income generated by household members. There is an increase in income from hired work and social assistance benefits. The highest variations in receipts and available income were observed in households of farmers and those of six or more persons. In contrast, the smallest variations were recorded with respect to households of old-age pensioners and one-person households.

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“…Among others, the objective of savings is to prepare adequate fund for sustaining and improving the quality of life. Having said this, savings would enable individual and family to pay for their consumption expenses, buying necessary good and venturing into new economic activities (Kozera et al, 2016). Having capability to pay for all these is an indicator of financial wellbeing of individual.…”

Section: Discussionmentioning

confidence: 99%

“…To be a discipline individual in savings, an individual need to have right savings behavior (Hsiao et al, 2016) because the long term objective of savings would be difficult to achieve without an individual having a strong will. In addition to meeting the need of emergency incidents, savings would be used for retirement expense and vacation (Kozera et al, 2016). In other words, saving is a critical factor for individual and family who aim to increase the financial wellbeing and standard of living in the future.…”

Section: Attitude Towards Savingsmentioning

confidence: 99%

Strategy For Financial Wellbeing Among Public Servants In Malaysia

Wahab

Yaacob

2018

JTS

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Journal of Techno JTS SocialAbstract : This study is aimed at investigating the determinant factors of financial wellbeing among public servants in Malaysia. To achieve the said objective, three independent variables that are widely discussed in the literature were tested, namely, financial literacy, financial management and attitude towards savings. To complete the study, a total of 139 questionnaires were collected using simple random sampling. Based on regression analysis, this study found that all three determinant factors understudy had significant relationship with financial wellbeing. The findings of this study are supported by most of previous studies. This study, however, has successfully filled in the literature gap by presenting evidence of determinant factors of financial wellbeing among public servants of emerging economy that are still not well addressed in the literature. The implications of this study are also discussed.

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Savings Behaviour in Households of Farmers as Compared to Other Socio-Economic Groups in Poland

Cited by 3 publications

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Effects of Savings and Investment on Food Security Status of Farm Households in Selected Local Government Areas of Niger State, Nigeria

Effects of Savings and Investment on Food Security Status of Farm Households in Selected Local Government Areas of Niger State, Nigeria

Receipts and income of households in Poland

Strategy For Financial Wellbeing Among Public Servants In Malaysia

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