Rural Household Savings Behavior in South Korea, 1962–76

K. N. Hyun, D. W. Adams and L. J. Hushak

American Journal of Agricultural Economics, 1979, vol. 61, issue 3, 448-454

Abstract: This study documents the extent of savings in representative rural households in South Korea during 1962–76. A technique for measuring permanent income from cross-section data is used to estimate marginal savings behavior. The results show that households saved a remarkably large part of their incomes. During the late 1960s these savings were, on the margin, about one-fifth of permanent incomes and about four-fifths of transitory incomes. Authors also conclude that useful measures of permanent and transitory income can be estimated from cross-section data.

Date: 1979
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Persistent link: https://EconPapers.repec.org/RePEc:oup:ajagec:v:61:y:1979:i:3:p:448-454.

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