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The cultural origin of saving behavior.
- Source :
- PLoS ONE; 9/12/2018, Vol. 13 Issue 9, p1-10, 10p
- Publication Year :
- 2018
-
Abstract
- Traditional economic interpretations have not been successful in explaining differences in saving rates across countries. One hypothesis is that savings respond to cultural specific social norms. The accepted view in economics so far is that culture does not have any effect on savings. We revisit this evidence using a novel dataset, which allows us to study the saving behavior of up to three generations of immigrants in the United Kingdom. Against the backdrop of existing evidence, we find that cultural preferences are an important explanation for cross-country differences in saving behavior, and their relevance persists up to three generations. [ABSTRACT FROM AUTHOR]
- Subjects :
- SOCIAL norms
CULTURE
IMMIGRANTS
SAVINGS -- Social aspects
HUMAN capital
Subjects
Details
- Language :
- English
- ISSN :
- 19326203
- Volume :
- 13
- Issue :
- 9
- Database :
- Complementary Index
- Journal :
- PLoS ONE
- Publication Type :
- Academic Journal
- Accession number :
- 131721526
- Full Text :
- https://doi.org/10.1371/journal.pone.0202290