Template-Type: ReDIF-Article 1.0
Author-Name: Aleksandra Ya. Burdyak
Author-Email: aleksandra.burdyak@gmail.com
Author-Workplace-Name: Russian Presidential Academy of National Economy and Public Administration (RANEPA), Moscow 119571, Russia
Title: HouseholdsХ Monetary Savings over the Life Cycle
Abstract: We analyze savings behavior of households since 2000. On surveys data it is shown that the practice to save has become more common. Over the life cycle propensity to save has an U-shaped form, being maximal in the early stages of the family formation and in the latest ones. Rare practices to save Тfor old ageУ among the middle-age working people make it relevant to induce changes in financial behavior of households in the context of the ongoing pension reform.
Classification-JEL: D14, H31, P46
Keywords: monetary savings, financial behavior, lifecycle, welfare, census
Journal: Finansovyj žhurnal — Financial Journal
Pages: 129-140
Issue: 1
Year: 2014
Month: March
File-URL: http://www.nifi.ru/images/FILES/Journal/Archive/2014/1/14_1_2014.pdf
File-Format: Application/pdf
Handle: RePEc:fru:finjrn:140114:p:129-140