Students’ Attitudes Towards Savings and Investment: The Case of Poland

Magdalena Osinska and Kinga Wasilewska

European Research Studies Journal, 2020, vol. XXIII, issue Special 2, 1068-1085

Abstract: Purpose: The purpose of the paper is to identify students' attitudes in Poland towards saving and investment and evaluate determinants that influence the probability of accumulating funds and subjective satisfaction of financial results. Design/Methodology/Approach: The analysis was conducted using survey data collected in August 2018. Over 400 questionnaires were collected from Polish students using CAVI method. The structure of the sample corresponds to the target sample of students reported in another research. Statistical methods of analysis are used, i.e., analysis of empirical distribution and its characteristics and correlation measures. Logit regression models for microdata are used to evaluate the impact of factors that determine the probability of saving and investing money. Findings: In the sample, most students were fully aware that savings are important. However, the amount of money they were able to save is not big. Due to the liquidity preference, students typically keep money in ready cash and bank accounts. The factors determining propensity to save, propensity to invest and subjective satisfaction from savings have been specified. Practical Implications: The research results are useful for comparisons with other reports on savings and investment. They are useful for financial institutions policy creation and financial education. Originality/Value: This research's value lies in the original survey prepared under the supervision of a financial institution and applying the advanced econometric methodology.

Keywords: C25; D12; D14. (search for similar items in EconPapers)
JEL-codes: Y Z (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
https://www.ersj.eu/journal/1926/download (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:ers:journl:v:xxiii:y:2020:i:special2:p:1068-1085

Access Statistics for this article

More articles in European Research Studies Journal from European Research Studies Journal
Bibliographic data for series maintained by Marios Agiomavritis ().