Polarization of household saving in Poland during financial crisis 2007-2010

Barbara Liberda () and Marek Pęczkowski

No 2012-19, Working Papers from Faculty of Economic Sciences, University of Warsaw

Abstract: In this paper we analyse the changing structure of Polish households with regard to the household saving rates in 2007-2010 and compare it with similar distribution of household saving during 1997-2000. The analysis is based on the household budget panel data from three panels of 15,000 of Polish households selected by authors for years 2007-2008, 2008-2009 and 2009-2010 from the Household Budget Surveys for 2007-2010. We estimate the long-term ergodic distribution of households according to saving rates. Our results show that the long term distribution of households reveals a tendency towards polarization of households with regard to saving rates. Comparing these results with the Authors’ previous research for 1997-2000 for Poland we indicate that between 1997-2000 and 2007-2010 the change in polarization of households was asymmetrical towards the highest saving rate groups. That explains why Polish households could maintain the increase in savings during the financial crisis of 2007-2010.

Keywords: household; saving; polarization; Markov matrix; ergodic distribution; panel analysis (search for similar items in EconPapers)
JEL-codes: D12 D19 (search for similar items in EconPapers)
Pages: 13 pages
Date: 2012
New Economics Papers: this item is included in nep-tra
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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http://www.wne.uw.edu.pl/inf/wyd/WP/WNE_WP85.pdf First version, 2012 (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:war:wpaper:2012-19

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