Left-wing Economic Populism and Savings: How Do Attitudes Influence Forward-Looking Financial Behavior?

Illiashenko Pavlo and Dariia Mykhailyshyna

Eastern European Economics, 2023, vol. 61, issue 3, 238-269

Abstract: This paper uses the case of Ukraine to explore the association between attitudes and saving behavior. We hypothesize that individuals’ preferences and beliefs, which we proxy with support for left-wing populist economic policies, have an adverse effect on strategic, forward-looking behavior. Using the data from a nationally representative survey conducted in 2019, we find that support for populist economic policies has a negative association with a likelihood to have bank savings. The results hold in the presence of socio-economic and behavioral factors and when we remove the variation attributed to the cultural and socio-economic factors from our measure of economic populism.

Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:mes:eaeuec:v:61:y:2023:i:3:p:238-269

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DOI: 10.1080/00128775.2023.2198513

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