Savings behaviour in low-income countries
Savings behaviour in low-income countries
复制标题
低收入国家的储蓄行为
DOI：
10.1093/oxrep/17.1.40
复制
发表时间：
2001
影响因子：
6.8
通讯作者：
M. Rosenzweig
中科院分区：
文献类型：
--
作者：
M. Rosenzweig
The empirical literature on savings in low-income countries has exploited some remarkable data sets to shed new light on savings behaviour in the poor agricultural households that make up the majority of the population in such countries. A number of conclusions have emerged: (i) the degree of consumption smoothing over seasons within the year and across years, in response to very large income fluctuations, is higher than was supposed; (ii) the lack of complete insurance and credit markets, however, is manifested in asset stocks and asset compositions among farmers, especially small farmers, that are inefficient; (iii) the combination of low and volatile incomes is an important cause of inefficiency and income inequality; (iv) the proximity of formal financial institutions increases financial savings and crowds out informal insurance arrangements, thus, in principle, better facilitating financial intermediation; and (iv) simple life-cycle models of savings do not appear to explain long-term savings in low-income settings. Copyright 2001, Oxford University Press.
