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The Impact of Household Wealth and Other Factors on Retirement Saving Behaviour in an Ageing Society: The Case of Lithuania

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  • BLAŽIENĖ Inga

    (Inga BLAŽIENĖ – PhD student at the Faculty of Economics and Business Administration, Vilnius University, Lithuania. Address: Kalvariju str. 10-15, LT-09309 Vilnius, Lithuania. Phone: +370 68714055. ingainga.blaziene@gmail.com)

Abstract

The main aim of the paper is to analyse the impact of household wealth (real estate, financial and other assets), income, age, education and gender on the saving for retirement behaviour of Lithuanian households. The wealth of households is one of the possible guarantees to ensure welfare in old age or another “force majeure” situation. Both non-financial and financial assets can be the saving instruments or factors influencing saving behaviour. The paper presents how much and what kind of assets Lithuanian households have accumulated and what level of income and financial ability to save they have. The research is based on the data from the Household Finance and Consumption Survey (HFCS). Data analysis reveals income and education is the most influential factors of retirement saving behaviour, households’ wealth has a positive and negative impact on retirement saving behaviour.

Suggested Citation

  • BLAŽIENĖ Inga, 2022. "The Impact of Household Wealth and Other Factors on Retirement Saving Behaviour in an Ageing Society: The Case of Lithuania," Management of Organizations: Systematic Research, Sciendo, vol. 88(1), pages 31-53, December.
    • Handle: RePEc:vrs:morgsr:v:88:y:2022:i:1:p:31-53:n:4
    DOI: 10.2478/mosr-2022-0011
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    References listed on IDEAS

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    2. Angus Deaton, 2005. "Franco Modigliani and the life-cycle theory of consumption," BNL Quarterly Review, Banca Nazionale del Lavoro, vol. 58(233-234), pages 91-107.
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