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Household Saving in the USSR

In: The Determinants of National Saving and Wealth

Author

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  • Joyce Pickersgill

    (California State University)

Abstract

Soviet household saving is examined in the context of the life cycle model of saving. The institutional features of the Soviet economy which one would expect systematically to affect saving patterns are described. Empirical work on the determinants of Soviet household saving is summarised and interpreted in the context of the life cycle model. Despite the limited data, the evidence suggests that Soviet household saving displays problems familiar in the West and which can be explained quite satisfactorily in the life cycle hypothesis framework.

Suggested Citation

  • Joyce Pickersgill, 1983. "Household Saving in the USSR," International Economic Association Series, in: Franco Modigliani & Richard Hemming (ed.), The Determinants of National Saving and Wealth, chapter 13, pages 272-285, Palgrave Macmillan.
    • Handle: RePEc:pal:intecp:978-1-349-17028-9_13
    DOI: 10.1007/978-1-349-17028-9_13
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    Cited by:

    1. Portes, Richard, 1986. "The Theory and Measurement of Macroeconomic Disequilibrium in Centrally Planned Economies," CEPR Discussion Papers 91, C.E.P.R. Discussion Papers.

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