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The effect of control variables on the saving motives of the Pomak households

Author

Listed:
  • Nikolaos Satsios

    (Department of Business Administration, University of Nicosia, Cyprus)

  • Mohga Bassim

    (Economics Lecturer, University of Buckingham, UK)

Abstract

People have many different reasons for saving money for short or long time. The purpose of this study is to investigate whether age, gender, educational level, children's presence and monthly income are variables affecting the saving motives of Pomak households. It was found that age and gender were significant multivariate factors influencing the saving motives. Furthermore, educational level was found to have a moderator effect on the impact of gender on the safety and self-esteem motives. These results may be useful in designing public policies to encourage increases in household saving rates by emphasizing saving for more personal desires, besides a precautionary or retirement saving purpose.

Suggested Citation

  • Nikolaos Satsios & Mohga Bassim, 2018. "The effect of control variables on the saving motives of the Pomak households," Review of Applied Socio-Economic Research, Pro Global Science Association, vol. 15(1), pages 37-44, June.
    • Handle: RePEc:rse:wpaper:v:15:y:2018:i:1:p:37-44
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    References listed on IDEAS

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    Cited by:

    1. Nikolaos Satsios & Kostas Karamanis & Aikaterini Galanou & Ioannis Sotiropoulos, 2020. "Saving Motives and Intention towards Saving of Bulgarian Pomaks," International Journal of Economics and Financial Issues, Econjournals, vol. 10(3), pages 97-101.

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    More about this item

    Keywords

    saving motives; Pomak households; control variables; household monthly income;
    All these keywords.

    JEL classification:

    • M1 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration
    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General

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