EconPapers    
Economics at your fingertips  
 

Household Savings in Hong Kong: A Statistical Analysis

Che-cheong Poon () and Tai-Yuen Hon

Journal of Family and Economic Issues, 2015, vol. 36, issue 3, 353-368

Abstract: Based on the primary data derived from a household savings survey conducted by the authors and supplementary secondary data extracted from government official statistics, the results of statistical analysis show that the disparities in the distribution of household savings in Hong Kong was more serious than that in household income or expenditure, the major household saving motive was precautionary, the key determinant of household savings was salaries income, the life-cycle hypothesis of savings could be applied in Hong Kong, and savings were not adequate for the vast majority of households in Hong Kong. Copyright Springer Science+Business Media New York 2015

Keywords: Household saving behavior; Gini index; Life-cycle hypothesis of savings; Precautionary motive of savings; Adequacy of savings (search for similar items in EconPapers)
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

Downloads: (external link)
http://hdl.handle.net/10.1007/s10834-015-9457-0 (text/html)
Access to full text is restricted to subscribers.

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:kap:jfamec:v:36:y:2015:i:3:p:353-368

Ordering information: This journal article can be ordered from
http://www.springer. ... es/journal/10834/PS2

DOI: 10.1007/s10834-015-9457-0

Access Statistics for this article

Journal of Family and Economic Issues is currently edited by Joyce Serido

More articles in Journal of Family and Economic Issues from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().

 
Page updated 2025-03-19
Handle: RePEc:kap:jfamec:v:36:y:2015:i:3:p:353-368