HOUSEHOLD SAVING IN WESTERN EUROPEAN COUNTRIES. A GENERAL OVERVIEW

Ileana Niculescu-Aron () and Ozge Cagcag ()
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Ileana Niculescu-Aron: Bucharest Academy of Economic Studies, Romania, Department of Statistics and Econometrics
Ozge Cagcag: Bucharest Academy of Economic Studies, Romania, Department of Statistics and Econometrics

Journal of Social and Economic Statistics, 2012, vol. 1, issue 2, 48-58

Abstract: A key factor to economic recovery and development is household saving. Keeping this in mind, the present paper aims at analysing the evolution of the saving rates of selected Western European countries for the period between 1995 and 2011. The focus was on identifying groups of countries with similar saving rates and socio-economic characteristics. Due to the way in which the groups were formed in our analysis, we were able to highlight some similarities within groups and divergences between groups, from which the conclusion that saving behaviour is determined by a combination of economic, social, demographic and cultural factors may be drawn.

Keywords: household saving; cluster analysis; determinants of population savings (search for similar items in EconPapers)
JEL-codes: C10 E21 O52 (search for similar items in EconPapers)
Date: 2012
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