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Saving Behavior in Korean Households by ELIM DE LA CRUZ NARANJO is a document available to read on EtoBox.
The article examines saving behavior among Korean households using data from the 1998 Korean Household Panel Study, finding that approximately 69% of Koreans save an average of 24% of their household income. Factors positively associated with saving include household income, number of earners, and planning for independent living after retirement, while older households tend to save less. The study highlights the importance of saving motives, such as preparing for retirement and children
- Author
- ELIM DE LA CRUZ NARANJO
- Language
- EN