Determinants of household saving: evidence from the national Income dynamics study
This study investigates the determinants of household savings in South Africa using panel data estimation techniques and National Income Dynamics Study (NIDS) data for the period 2008-2015. Results show that household savings habits in South Africa are strongly driven by sociodemographic factors such as income, relative income, asset ownership and white population group representation. Whereas household size, home ownership, household expenditure and black population group representation remain plausible arguments for household dissaving in South Africa. To some extent, these findings imply that strategies to increase household savings in South Africa should improve the distribution of income and employment among the population. There is also a need for an in-depth analysis as to why and how the country’s black population can be encouraged to improve on household savings.
A Research Report submitted in partial fulfilment of the Degree of Master of Commerce (Economics/Economic Science) in the School of Economic and Business Sciences, University of the Witwatersrand, September 2018
Qabazi, Nonceba (2018) Determinants of household saving: evidence from the national Income dynamics study, University of the Witwatersrand, Johannesburg, <http://hdl.handle.net/10539/26987>