How do we value our income from which we save?

Barbara Liberda (), Marek Pęczkowski and Ewa Gucwa-Leśny ()
Additional contact information
Ewa Gucwa-Leśny: Faculty of Economic Sciences, University of Warsaw, Institute for Social Studies

No 2011-03, Working Papers from Faculty of Economic Sciences, University of Warsaw

Abstract: In this paper we analyze the relationship between the perception of income as satisfying household needs and saving rate of this household. Using the multinomial logit regression function we measure the probability of a household to fall into one of the groups categorized by the subjective perception of income in relation to the current household disposable income. The variable specified for the valuation of income is income perception, defined as a class of observed disposable income located on the scale of the subjectively satisfying income. Factors determining the perception of income are: gender and education of the household head, family characteristics, source of income and place of residence. The analysis of relations between the income perception and the household saving rates shows that the perception of income affects both the household observed and predicted saving rates. The research is based on the Household Budget Surveys data for Poland in 2008.

Keywords: household; income; needs; valuation; saving; probability (search for similar items in EconPapers)
JEL-codes: D14 D19 D31 (search for similar items in EconPapers)
Pages: 15 pages
Date: 2011
New Economics Papers: this item is included in nep-cis
References: View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.wne.uw.edu.pl/inf/wyd/WP/WNE_WP43.pdf Revised version, 2012 (application/pdf)

Related works:
Journal Article: How Do We Value Our Income from which We Save? (2012)
Working Paper: How do we value our income from which we save? (2012)
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:war:wpaper:2011-03

Access Statistics for this paper

More papers in Working Papers from Faculty of Economic Sciences, University of Warsaw Contact information at EDIRC.
Bibliographic data for series maintained by Marcin Bąba ().