TY  - JOUR
AU  - Denizer,Cevdet
AU  - Wolf,Holger C.
TI  - Household Savings in Transition Economies
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 6457
PY  - 1998
Y2  - March 1998
UR  - http://www.nber.org/papers/w6457
L1  - http://www.nber.org/papers/w6457.pdf
N1  - Author contact info:
Holger C. Wolf
Center for German and European Studies
ICC-503
School of Foreign Service
Georgetown University
Washington, DC  20057
Tel: 202/687-8079
Fax: 202/687-8359
E-Mail: moneyhist@aol.com
AB  - Based on matching household surveys for three central European countries, Bulgaria, Hungary and Poland, we explore the determinants of household saving rates in transition economies. We find savings rates to increase strongly in relative income and to be significantly higher for households owning few of the standard consumer durables, consistent with anticipatory savings prior to durable purchases in the absence of retail credit markets.  The influence of demographic factors broadly matches earlier findings for developing countries.  Perhaps surprisingly, variables associated with the position of the household in the transition process, notably the sector of employment, plays no significant role in determining savings rates.
ER  -