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Rural Household Savings Behavior in South Korea, 1962–76

Author

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  • K. N. Hyun
  • D. W. Adams
  • L. J. Hushak

Abstract

This study documents the extent of savings in representative rural households in South Korea during 1962–76. A technique for measuring permanent income from cross-section data is used to estimate marginal savings behavior. The results show that households saved a remarkably large part of their incomes. During the late 1960s these savings were, on the margin, about one-fifth of permanent incomes and about four-fifths of transitory incomes. Authors also conclude that useful measures of permanent and transitory income can be estimated from cross-section data.

Suggested Citation

  • K. N. Hyun & D. W. Adams & L. J. Hushak, 1979. "Rural Household Savings Behavior in South Korea, 1962–76," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 61(3), pages 448-454.
    • Handle: RePEc:oup:ajagec:v:61:y:1979:i:3:p:448-454.
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    File URL: http://hdl.handle.net/10.2307/1239430
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    Cited by:

    1. Giovanni Cornia & Gordana Jerger, 1982. "Rural vs Urban Saving Behaviour: Evidence from an ILO Collection of Household Surveys," Development and Change, International Institute of Social Studies, vol. 13(1), pages 123-157, January.
    2. Deaton, Brady J., 1980. "Public Law 480: The Critical Choices," 1980 Annual Meeting, July 27-30, Urbana-Champaign, Illinois 278472, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).

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