Determinants of Household Savings in Turkey Except for Income

• Main Authors: Mehmet ŞENGÜR, Sami TABAN
• Format: Article
• Language: Turkish
• Published: Usak University 2016-01-01
• Series: Optimum Ekonomi ve Yönetim Bilimleri Dergisi
• Subjects: Household; Savings; Logistic Regression
• Online Access: http://dergipark.gov.tr/download/article-file/202193

Household has an extremely important place in the division of income for the economies. It plays a decisive role in personal consumption, investment, and savings. This study aims to identify the determinants of household savings except for income. In this study, "Household Budget Survey" conducted by Turkish Statistical Institute for the years 2002-2013 is used. Survey data has been analyzed by logistic regression models. The results of the study show that house ownership, having an extra house, having annual disposable income of over 10.000 ₺, education level also have a positive effect on household savings. On the other hand, the number of family members, car ownership, temporary or seasonal employment, and living in rural areas affect household savings in a negative way.