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Item Restricted Analysis of Philippine household savings: the effects of regional location and demographic factors(2016-12) Chan, Joshua L. ; Duenas, Erveen Mars G. ; Escresa, Laarni C.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.Item Restricted Analyzing the effects of status-seeking behavior on household savings in the Philippines(2017-05-31) Abao, Charisse Hanna C.; Oliquino, Roland S. ; Ravago, Majah-Leah V.Several studies suggest that the increase in the gap between rich and poor households positively affects the aggregate savings as richer households have a higher marginal propensity to save than low income earners. examining the effect of income distribution on regional household savings in the Philippines, we used pooled cross-sectional data from 1988 to 2012 of 17 regions from the Family Income and Expenditure Survey (FIES). calculating the Gini coefficient and the income ratio of the 10th and 1st deciles as a measurement of income inequality, our regression analysis suggests that a 0.1 increase in the Gini coefficient results in a 0.61-percentage point increase in the saving rate. Meanwhile, a 1-percentage point increase in the income ratio results in a 0.1-percentage point increase in the saving rate. However, after analyzing the impact of income inequality on the saving rate of the rich and the poor, the results reveal that the rich tend to save, while the poor dis-save, which is contrary to our hypothesis that after satisfying their basic needs, relatively poor households would increase their savings due to status-seeking behavior.