Determinants of Saving in Poland: Are They Different from Those in Other OECD Countries?

Kolasa, Aleksandra; Liberda, Barbara

doi:10.1080/00128775.2015.1033276

Cited by 23 publications

(17 citation statements)

References 27 publications

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“…The results of these analyses, particularly those conducted in the countries with more established economies, might be helpful in analysing and drawing conclusions from the research conducted in Poland, itself recognised as a developed country only recently. Such analysis is essential as the level of savings as well as the level of economic knowledge among Poles remains low (Debski & Swiderski, 2016;Kolasa & Liberda, 2015). Nonetheless, without establishing traits and factors which determine a willingness to undertake financial decisions by men and women, it is not possible to influence their attitudes regarding conscious financial decisions that could have a positive impact on their financial status.…”

Section: Introductionmentioning

confidence: 99%

Gender differences in financial behaviours

Walczak

Pieńkowska-Kamieniecka

2018

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The assessment of the impact of gender on financial decision-making was based on a representative survey 'Social Diagnosis 2015' conducted on a sample of over 34 thousand Polish citizens. When realising the research objective, a logistic regression model was appliedboth with and without interaction effects. The study has shown that the financial behaviours of men and women differ significantly. Men more frequently use the products and services available on the financial market such as, for instance, a debit card, or invest funds in shares or bonds. They are also more willing to take risks. However, as has been shown in the study, gender is not the only important variable influencing financial decisions. Equally important are age, social and professional status, education, or place of residence. This indicates that analysing behaviours on the financial market based solely on one variable may not be appropriate.

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Section: Introductionmentioning

confidence: 99%

Gender differences in financial behaviours

Walczak

Pieńkowska-Kamieniecka

2018

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“…Finally, Kolasa and Liberda (2015) analyzed formation of private and household saving in Poland using GMM (generalized method of moments) dynamic system approach. Authors demonstrated that the most essential factors driving saving in Poland were income and its growth, interest rate, government and corporate saving.…”

Section: Literature Reviewmentioning

confidence: 99%

Macroeconomic Determinants of Household Savings in Ukraine

Zhuk¹

2015

Economics &Amp; Sociology

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ABSTRACT. The article elaborates on the issue of household savings in Ukraine and investigates the most significant macroeconomic indicators that influence their formation. The research also focuses on testing the hypothesis of structural breaks in formation of household savings in Ukraine after the World financial crisis. Formation process of household savings was studied with using the econometric modeling, particularly a multiple linear regression model with an error correction term. Estimated model demonstrated adequacy, stability as well as good performance and could be used for forecasting. Our results showed that household consumption expenditures and gross national income were the most significant macroeconomic determinants of household savings in Ukraine. In contrast to expectations, hypothesis testing indicated structural break in formation of household savings in Ukraine only in 2010.

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“…Compared to a typical OECD country, Polish private and household saving rates are more affected by the process of financial deepening. They are also more sensitive to changes in government and corporate saving (Kolasa and Liberda, 2015). Roszkiewicz (2014) confirms the important role of subjective determinants of the accumulation of reserves, as well as the concept of the hierarchical model of financial actions contained in the theory of psychological economics is reflected in the actions of Polish households.…”

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confidence: 85%