Determinants of Formal and Informal Saving in Colombia
Ana Iregui (),
Ligia Alba Melo-Becerra (),
Maria Ramirez-Giraldo () and
Ana Tribín ()
Additional contact information
Ligia Alba Melo-Becerra: Banco de la República de Colombia
Authors registered in the RePEc Author Service: Ligia Melo ()
Chapter 4 in Financial Decisions of Households and Financial Inclusion: Evidence for Latin America and the Caribbean, 2018, pp 95-123 from Centro de Estudios Monetarios Latinoamericanos, CEMLA
In this paper we perform an empirical study of the determinants of saving among middle- and low-income individuals living in urban and rural areas of Colombia. The results show that the likelihood of saving increases with education, income, labor market participation, and home ownership. The results also demonstrate that education and income increase the probability of saving in banks and decrease the likelihood of informal saving in both urban and rural areas.
Keywords: formal saving; informal saving; urban area; rural area; Colombia. (search for similar items in EconPapers)
ISBN: 978-607-8582-00-6 (online)
Note: Joint Research Program of the Central Bank Researchers Network
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:cml:incocp:7en-04
Ordering information: This item can be ordered from
Access Statistics for this chapter
More chapters in Investigación Conjunta-Joint Research from Centro de Estudios Monetarios Latinoamericanos, CEMLA Contact information at EDIRC.
Bibliographic data for series maintained by Ana Laura Sibaja-Jiménez ().