Year: 2025
Type: article
Abstract: We analyze the saving motives of European households using micro-data from the Household Finance and Consumption Survey, which is conducted by the European Central Bank. We find that the rank ordering of saving motives differs greatly depending on what criterion is used to rank them. We find that the precautionary motive is the most important saving motive of European households when the proportion of households saving for each motive is used as the criterion to rank them, but that the retirement motive is the most important saving motive of European households if the quantitative importance of each motive is taken into account. Moreover, the generosity of social safety nets seems to affect the importance of individual saving motives, with saving for the retirement motive being less important in countries with generous public pension benefits and saving for the precautionary motive being less important in countries with generous public health systems.
Authors: Horioka Charles, Yuji, ホリオカ チャールズ, ユウジ, Ventura, Luigi
Language: English
Subfield: Accounting
Domain: Social Sciences
Open Access status: green
Awards: Empirical Analysis of the Transmission of Intergenerational Transfers and Socioeconomic Status and Inequality, Risk Management of Comprehensive Monetary/Fiscal Policy: From Financial Crises to International Relations and Natural Disasters, Why Is Socioeconomic Status Passed on from Generation to Generation? With Emphasis on the Role of Intergenerational Transfers, Intergenerational Interrelationships: An Analysis of Bequests, Long-term Care & Labour Supply, and Consumption & Saving
OpenAlex ID: W7034814821
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