(Ir)rational Households' Saving Behavior? An Empirical Investigation

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43110%2F16%3A43909817" target="_blank" >RIV/62156489:43110/16:43909817 - isvavai.cz</a>

Výsledek na webu

<a href="http://dx.doi.org/10.1016/S2212-5671(16)30309-4" target="_blank" >http://dx.doi.org/10.1016/S2212-5671(16)30309-4</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.1016/S2212-5671(16)30309-4" target="_blank" >10.1016/S2212-5671(16)30309-4</a>

Jazyk výsledku

angličtina

Název v původním jazyce

(Ir)rational Households' Saving Behavior? An Empirical Investigation

Popis výsledku v původním jazyce

What is the households' saving behavior during different stages of economic cycle? What is the reaction of households' to the external shocks? Which factors motivate households' to save in foreign currency rather than in national currency? Are households' saving decisions rational and based on fundamentals economic indicators or, in contrary, irrational and resulted by 'herding' behavior? While these research questions are important for various reasons they are investigated in this empirical study. The objective of this study - to identify the economic and psychological factors influencing the households' saving behavior. The research methods: the systemic, logical and comparative analysis of the scientific literature and panel regression. The results of this empirical study show that the households' saving behavior is more irrational especially during economic downturn and financial crisis periods. These empirical findings can be explained by low degree of financial literacy, ineffective communication strategy of the central banks and governments during financial turmoil and economic downturn periods, etc.

Název v anglickém jazyce

(Ir)rational Households' Saving Behavior? An Empirical Investigation

Popis výsledku anglicky

What is the households' saving behavior during different stages of economic cycle? What is the reaction of households' to the external shocks? Which factors motivate households' to save in foreign currency rather than in national currency? Are households' saving decisions rational and based on fundamentals economic indicators or, in contrary, irrational and resulted by 'herding' behavior? While these research questions are important for various reasons they are investigated in this empirical study. The objective of this study - to identify the economic and psychological factors influencing the households' saving behavior. The research methods: the systemic, logical and comparative analysis of the scientific literature and panel regression. The results of this empirical study show that the households' saving behavior is more irrational especially during economic downturn and financial crisis periods. These empirical findings can be explained by low degree of financial literacy, ineffective communication strategy of the central banks and governments during financial turmoil and economic downturn periods, etc.

Druh

D - Stať ve sborníku

CEP obor

AH - Ekonomie

OECD FORD obor

—

Projekt

—

Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2016

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

Procedia Economics and Finance

ISBN

—

ISSN

2212-5671

e-ISSN

—

Počet stran výsledku

9

Strana od-do

625-633

Název nakladatele

Elsevier Science BV

Místo vydání

Amsterdam

Místo konání akce

Řím

Datum konání akce

26. 11. 2015

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

000387543400084