Income and Social Determinants of Old-Age Savings: Evidence from Poland

Sylwia Pieńkowska-Kamieniecka, Damian Walczak and Anna Bera

Academic Journal of Interdisciplinary Studies, 2019, vol. 8

Abstract: The aim of the article is to determine the impact of social determinants on saving for old age with regards to income. The study presents two models of logistic regression. The first one includes only social determinants of family members among independent variables, while the second one includes also income. The results of logistic regression in the model excluding income showed that such variables as gender, age, years of education, place of residence or number of household members have a significant impact on saving for old age. Moreover, another conclusion drawn from the results is that after including income in the model (which turned out to be statistically significant) almost all social determinants remain significant. Therefore, income is a significant variable which affects the odds ratio of owning old-age savings by a household, so financial determinants are important, when we want to study the level of savings. The research presented in the article comes from the representative nationwide study the Social Diagnosis which was conducted among 11,740 households in Poland in 2015.

Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.richtmann.org/journal/index.php/ajis/article/view/10580 (text/html)
https://www.richtmann.org/journal/index.php/ajis/article/view/10580/10205 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bjz:ajisjr:1821

Access Statistics for this article

More articles in Academic Journal of Interdisciplinary Studies from Richtmann Publishing Ltd
Bibliographic data for series maintained by Richtmann Publishing Ltd ().