Work detail

Households’ Saving in Czech Republic Within Framework of Life-cycle Hypothesis

Author: Mgr. Marie Keilová
Year: 2006 - summer
Leaders: doc. Ing. Ondřej Schneider MPhil., Ph.D.
Work type: Finance and Banking
Language: Czech
Pages: 77
Awards and prizes:
Abstract: I analyze saving in Czech Republic from microeconomic view as a saving behaviour of households. I analyze data of “family accounts“ from year 2002 in order to be able to compare the results with Life-cycle Hypothesis. Main objective was to find out whether the households after retirement and very young households behave according to the implications of the “basic” Life-cycle Hypothesis. The result of this analyse finds households’ behaviour non-compliant with this theory. I made an attempt to find the reasons for these differences. I suggest that saving behaviour of households is affected by strong bequest motive of elderly and some results indicate influence of liquidity constrains and precautionary motive of saving by very young households. Before the end I draw picture of basic structure of households saving. As these data are mostly not possible to derive from family accounts I use overview from Ministry of Finance and Czech National Bank.




Patria Finance
Česká Spořitelna