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Subject: Saving behavior ×

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    Determinants of rural household saving behavior
    (2013-10) Bellen, Arminda Meliz R.; Calicdan, Kayleen Gene R.; Pernia, Ernesto M.
    For the year 2011, the national saving rate was only 12-16 %, which is said to be not enough for a developing country like the Philippines. Using data from Family Income and Expenditure Survey 2009 at the household level, this paper shows what factors influence the saving rate of the households in the rural sector, which comprises a big part of the Philippines. The study also analyzes the agricultural and non-agricultural sector of the rural households. Our results show that income is a key determinant of saving behavior such that as income increases, the capacity to save increases. Gender, age, marital status and educational attainment of household heads also affect saving behavior. We also find that the agricultural sector saves less than non-agricultural sector. Between the two major agricultural sources of income, farming crops are more profitable than raising livestock and poultry.
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    Demographic transition and household saving in the Philippines
    (2004-03) Dalisay, Paulyn A.; Fernandez, Justin Ray Angelo J.
    This paper evaluates the impact of demographic transition on household saving. Particularly, it asks how much of Philippine household saving could be attributed to its demographic features. An Ordinary Least Squares Regression model was constructed using total household saving for the year 2000 as dependent variable; and working ratio and household age as the relevant demographic variables. Results show that demographic variables significantly affect household saving. In particular, the working ratio, which is defined as the ratio of the number of working individuals to the total family size, is found to highly affect household saving. Moreover, age categories show that life cycle saving is consistent to Philippine household saving behavior.
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    The saving behavior and consumption pattern of remittance-receiving households in the Philippines
    (2005-04) Burgos, Victor Fernando V.; De Vera, Coney Rose M.; Tan, Edita
    The contribution of remittances from abroad to national income is becoming more significant, with its increasing share in gross national product and in exports. This study identifies the impact on household saving of remittances, along with other demographic factors (urbanity, dependency ratio, educational attainment of household head, region). This paper likewise investigates the consumption patterns of remittance-receiving households (RRHs) with respect to consumer goods, expenditure for human capital, and productive investment. Using Ordinary Least Square method (OLS), RRHs are seen to have a positive average propensity to save even if they tend to consume relatively more than save relative to non- RRHs. RRHs are also found to spend most on consumer goods, followed by expenditure for human capital and productive investment. Income elasticities for these consumption categories are similarly estimated. Human capital expenditure is shown to be the most responsive to changes in both non-remittance income and remittances. The life-cycle and permanent income hypothesis (LC-PIH) holds for saving; that is, the marginal propensity to save out of transitory income is higher than that out of permanent income. On the other hand, the LC-PIH holds for expenditure for productive investment; that is, marginal propensity to consume out of permanent income is higher than that out of transitory income. Urbanity and high educational attainment of the household head have positive effects on saving while dependency ratio has a negative effect. Saving and consumption behavior also differ across regions.