The Cultural Origin of Saving Behavior

Paola Giuliano, Joan Costa-i-Font and Berkay Özcan ()
Authors registered in the RePEc Author Service: Joan Costa-i-Font

No 14413, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: Traditional economic interpretations have not been successful in explaining differences in saving rates across countries. One hypothesis is that savings respond to cultural specific social norms. A seminal paper in economics (1) however did not find any effect of culture on savings. We revisit this evidence using a novel dataset, which allows us to study the saving behavior of up to three generations of immigrants in the United Kingdom. Against the backdrop of existing evidence, we find that cultural preferences are an important explanation for cross-country differences in saving behavior, and their relevance persists up to three generations.

Keywords: Saving; Culture (search for similar items in EconPapers)
JEL-codes: D0 Z1 (search for similar items in EconPapers)
Date: 2020-02
New Economics Papers: this item is included in nep-eur, nep-evo, nep-gro, nep-his, nep-ltv and nep-soc
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://cepr.org/publications/DP14413 (application/pdf)
CEPR Discussion Papers are free to download for our researchers, subscribers and members. If you fall into one of these categories but have trouble downloading our papers, please contact us at subscribers@cepr.org

Related works:
Working Paper: The Cultural Origin of Saving Behavior (2020)
Journal Article: The cultural origin of saving behavior (2018)
Working Paper: The cultural origin of saving behavior (2018)
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:cpr:ceprdp:14413

Ordering information: This working paper can be ordered from
https://cepr.org/publications/DP14413

Access Statistics for this paper

More papers in CEPR Discussion Papers from C.E.P.R. Discussion Papers Centre for Economic Policy Research, 33 Great Sutton Street, London EC1V 0DX.
Bibliographic data for series maintained by ().