Household Savings: Perspectives and Country Experiences

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Saving is considered a vital element in the development process by stepping up the process of capital formation as assets accumulated through saving are commonly used to finance further consumption or investment. Again, total savings in an economy comprises domestic, corporate, foreign and contractual and household. Of these, the importance of household savings is undeniable on account of its rising influence in shaping the aggregate savings in an economy. Again, the need to have household savings stems from economic and non-economic factors. A primary economic motive for saving is the harmonization of the consumer strategies of households with their budgetary possibilities. The non-economic motive comprises mainly the psychological and behavioral factors that influence an individual’s savings. Set in this frame, the present volume is an attempt to shed light on various aspects of household savings like its linkages with the process of economic development apart from various factors that influence household saving. The book is divided into two sections. The first elucidates the importance of household savings amongst aggregate savings along with determining the motives for it. As such motives are usually classified into economic and non-economic ones. The second section draws examples of select countries of the world, both developed and developing, and tries to grasp the state of household savings in each of them and their alignment with the level of economic growth.

ABOUT THE AUTHOR Asis Kumar Pain

Asis Kumar Pain holds M.Phil and PhD degrees in Economics from The University of Burdwan, West Bengal. He is currently working as Consulting Editor at Icfai Business School Research Centre, Kolkata. Prior to joining Icfai, he worked on various transport related projects at the Centre for Transport Studies, Jadavpur University. He regularly contributes research papers to various refereed journals. Some of them include Indian Journal of Transport Management (Central Institute of Road Transport), Nagarlok (Indian Institute of Public Administration) and Icfai Journal of Management Research. His research area of interest is travel demand estimation using hierarchical modelling techniques.

ABOUT THE AUTHOR Nirbachita Karmakar

Nirbachita Karmakar is a M.Sc. Economics with specialization in Economics of Money and Finance from the University of Calcutta. Prior to joining Icfai, she worked as a research fellow on a Project of the Planning Commission, Census of India, titled "Pre Census Population in India". Currently, she is working as a Senior Research Associate in Icfai Business School Research Centre, Kolkata. Her areas of interest are finance, banking, social and development issues. She has several publications in financial sector, agricultural credit, social security related areas to her credit.

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Bibliographic information

Title
Household Savings: Perspectives and Country Experiences
Author
Edition
1st ed.
Publisher
ISBN
8131412193
Length
272p.
Subjects