Cultural Determinants of Household Saving Behavior

被引:25
|
作者
Fuchs-Schuendeln, Nicola [1 ,2 ]
Masella, Paolo [3 ]
Paule-Paludkiewicz, Hannah [1 ]
机构
[1] Goethe Univ Frankfurt, Frankfurt, Germany
[2] CEPR, Washington, DC 20009 USA
[3] Univ Bologna, Bologna, Italy
关键词
D14; Z10; saving; culture; immigrants; IMMIGRANTS; REMITTANCES; EXPERIENCES; TEMPORARY; MIGRANTS; ORIGINS; WORK;
D O I
10.1111/jmcb.12659
中图分类号
F8 [财政、金融];
学科分类号
0202 ;
摘要
Relying on the epidemiological approach, we show that culture is a significant driver of household saving behavior. Second-generation immigrants from countries that put strong emphasis on thrift or wealth accumulation tend to save more in Germany. We confirm these results in data from the United Kingdom. By linking parents to their children, we show that these two cultural components affect the saving behavior of both first-generation immigrants and their children.
引用
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页码:1035 / 1070
页数:36
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