Determinants of household saving in Australia

This paper uses a unique survey of consumers to test several separate but inter-related hypotheses of household saving. Unit records from 17,585 Australian households are available, which enables the incorporation of a range of household characteristics that may be important factors for saving behav...

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Main Authors: Harris, Mark, Loundes, J., Webster, E.
Format: Journal Article
Language:English
Published: ECONOMIC SOC OF AUSTRALIA BROWN PRIOR ANDERSON PTY LTD 2002
Subjects:
Online Access:http://hdl.handle.net/20.500.11937/81814
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author Harris, Mark
Loundes, J.
Webster, E.
author_facet Harris, Mark
Loundes, J.
Webster, E.
author_sort Harris, Mark
building Curtin Institutional Repository
collection Online Access
description This paper uses a unique survey of consumers to test several separate but inter-related hypotheses of household saving. Unit records from 17,585 Australian households are available, which enables the incorporation of a range of household characteristics that may be important factors for saving behaviour, but which are not typically available to researchers undertaking macroeconomic analyses. An ordered probit estimation method is used, and the results support the view that current incomes are perhaps the most important determinant of saving. However, it can also be seen that demographics and householders level of economic optimism play a key role.
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institution Curtin University Malaysia
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spelling curtin-20.500.11937-818142021-03-16T03:40:54Z Determinants of household saving in Australia Harris, Mark Loundes, J. Webster, E. Social Sciences Economics Business & Economics This paper uses a unique survey of consumers to test several separate but inter-related hypotheses of household saving. Unit records from 17,585 Australian households are available, which enables the incorporation of a range of household characteristics that may be important factors for saving behaviour, but which are not typically available to researchers undertaking macroeconomic analyses. An ordered probit estimation method is used, and the results support the view that current incomes are perhaps the most important determinant of saving. However, it can also be seen that demographics and householders level of economic optimism play a key role. 2002 Journal Article http://hdl.handle.net/20.500.11937/81814 10.1111/1475-4932.00024 English ECONOMIC SOC OF AUSTRALIA BROWN PRIOR ANDERSON PTY LTD restricted
spellingShingle Social Sciences
Economics
Business & Economics
Harris, Mark
Loundes, J.
Webster, E.
Determinants of household saving in Australia
title Determinants of household saving in Australia
title_full Determinants of household saving in Australia
title_fullStr Determinants of household saving in Australia
title_full_unstemmed Determinants of household saving in Australia
title_short Determinants of household saving in Australia
title_sort determinants of household saving in australia
topic Social Sciences
Economics
Business & Economics
url http://hdl.handle.net/20.500.11937/81814