Record Details

Households’ Saving Behavior in Greece Corresponding Countermeasures in Financial Crisis

International Journal of Economic Practices and Theories

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Field Value
 
Title Households’ Saving Behavior in Greece Corresponding Countermeasures in Financial Crisis
 
Creator Kostakis, Ioannis
 
Subject Microeconomics; Econometrics and statistics; Consumer behavior
consumer behavior, economic crisis, socioeconomic characteristics
D12, P46
 
Description This study aims to investigate the determinants of consumers’ saving behavior in the island of Crete. Data were drawn from 400 responders through a field survey in 2011 using the random stratified sampling technique. The empirical analysis was based on the estimation of OLS regression models. In particular, three categories of independent variables were used in this paper, namely: a) demographic characteristics, b) economic variables and c) psychological factors. It was concluded that income is the most significant variable for saving. Furthermore, the results suggested that other statistically significant variables are marital status, educational level, type of employment and economic situation. In general, men are more likely to save money than women. Our analysis is based on the impact of uncertainty with regards to the consuming behavior and its increasing influence.
 
Publisher International Journal of Economic Practices and Theories
 
Contributor —
 
Date 2012-10-01
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://www.ijept.org/index.php/ijept%20/article/view/Households_Saving_Behavior_in_Greece_Corresponding_Countermeasures_in_Financial_Crisis
 
Source International Journal of Economic Practices and Theories; Vol 2, No 4 (2012); 253-265
2247 – 7225
 
Language eng
 
Relation http://www.ijept.org/index.php/ijept%20/article/view/Households_Saving_Behavior_in_Greece_Corresponding_Countermeasures_in_Financial_Crisis/pdf