Cultural Determinants of Household Saving Behavior

Nicola Fuchs‐schündeln, Paolo Masella and Hannah Paule‐paludkiewicz

Journal of Money, Credit and Banking, 2020, vol. 52, issue 5, 1035-1070

Abstract: 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.

Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (13)

Downloads: (external link)
https://doi.org/10.1111/jmcb.12659

Related works:
Working Paper: Cultural Determinants of Household Saving Behavior (2017)
Working Paper: Cultural Determinants of Household Saving Behavior (2016)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wly:jmoncb:v:52:y:2020:i:5:p:1035-1070

Access Statistics for this article

Journal of Money, Credit and Banking is currently edited by Robert deYoung, Paul Evans, Pok-Sang Lam and Kenneth D. West

More articles in Journal of Money, Credit and Banking from Blackwell Publishing
Bibliographic data for series maintained by Wiley Content Delivery ().