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HouseholdsХ Monetary Savings over the Life Cycle

Author

Listed:
  • Aleksandra Ya. Burdyak

    (Russian Presidential Academy of National Economy and Public Administration (RANEPA), Moscow 119571, Russia)

Abstract

We analyze savings behavior of households since 2000. On surveys data it is shown that the practice to save has become more common. Over the life cycle propensity to save has an U-shaped form, being maximal in the early stages of the family formation and in the latest ones. Rare practices to save Тfor old ageУ among the middle-age working people make it relevant to induce changes in financial behavior of households in the context of the ongoing pension reform.

Suggested Citation

  • Aleksandra Ya. Burdyak, 2014. "HouseholdsХ Monetary Savings over the Life Cycle," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 1, pages 129-140, March.
    • Handle: RePEc:fru:finjrn:140114:p:129-140
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    More about this item

    Keywords

    monetary savings; financial behavior; lifecycle; welfare; census;
    All these keywords.

    JEL classification:

    • D14 - Microeconomics - - Household Behavior - - - Household Saving; Personal Finance
    • H31 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - Household
    • P46 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - Consumer Economics; Health; Education and Training; Welfare, Income, Wealth, and Poverty

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