Analysis of Philippine household savings: the effects of regional location and demographic factors
Date
2016-12
Journal Title
Journal ISSN
Volume Title
Publisher
Abstract
Household savings are important factors that contribute to most of the country's
total savings. People decide to save for future consumption but also do so as a
contingency plan against uncertainties. The purpose of this paper is to explore the
relationship of regional location to household savings. The first part of this paper would
analyze the effects of household characteristics like gender, age, and civil status, and
income, educational attainment of the household head, urban-rural classification,
household size, and other underlying demographic factors. Since the study has already
been conducted in other countries, we then proceed to explaining why these
demographics influence household decision making the way they do in the Philippines.
Once we have determined each of their individual effects, these variables will be
controlled for in our regression as we proceed to include regional location in our study.
We hypothesize that regional location reflects geographical effects on household savings
and it can serve as a measure for spatial dependency of the savings rate.
Description
Keywords
household savings