Costa-Font, Joan 
ORCID: 0000-0001-7174-7919, Giuliano, Paola and Özcan, Berkay ORCID: 0000-0003-2255-9406
(2018)
The cultural origin of saving behavior.
PLOS ONE, 13 (9).
e0202290.
ISSN 1932-6203
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Abstract
Traditional economic interpretations have not been successful in explaining differences in saving rates across countries. One hypothesis is that savings respond to cultural specific social norms. The accepted view in economics so far is that culture does not have any effect on savings. We revisit this evidence using a novel dataset, which allows us to study the saving behavior of up to three generations of immigrants in the United Kingdom. Against the backdrop of existing evidence, we find that cultural preferences are an important explanation for cross-country differences in saving behavior, and their relevance persists up to three generations.
| Item Type: | Article |
|---|---|
| Official URL: | https://journals.plos.org/plosone/ |
| Additional Information: | © 2018 The Authors © CC BY 4.0 |
| Divisions: | Social Policy |
| Subjects: | H Social Sciences > HC Economic History and Conditions H Social Sciences > HT Communities. Classes. Races |
| Date Deposited: | 14 Sep 2018 13:25 |
| Last Modified: | 11 Dec 2024 21:42 |
| Funders: | LSE STICERD Center |
| URI: | http://eprints.lse.ac.uk/id/eprint/90225 |
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