An Empirical Analysis of Savings Behaviour of the Greek Agricultural Households

M G Sakellis

European Review of Agricultural Economics, 1986, vol. 13, issue 2, 169-88

Abstract: In this article, the author presents the results of an econometric cross-sectional analysis of determinants of the savings behavior of agricultural households in Greece. The estimates of bivariate and multivariate models indicate that: (1) the marginal propensity to save is higher than the average propensity to save and is differentiated among classes of income, wealth, age and profession, income uncertainty mostly due to climatic variations, and educational level; (2) the hypothesis that income uncertainty in Greece, as in other countries, raises the marginal propensity to save can be supported; and (3) the disposable income is the most important factor affecting agricultural savings. Copyright 1986 by Oxford University Press.

Date: 1986
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European Review of Agricultural Economics is currently edited by Timothy Richards, Salvatore Di Falco, Céline Nauges and Vincenzina Caputo

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