Culture and Household Saving

Item Type	Presentation
Abstract	In this paper, I examine the role of culture for households' saving decisions. Exploiting historical language borders within Switzerland, I isolate the effect of culture from economic, institutional, demographic and geographic factors for a homogeneous and representative sample of households. The analysis is based on the Swiss Household Panel that I complement with geographic and socio-economic data. I show that households located in the Romanic-speaking part (Italian, French) are more than 10 percentage points less likely to save than German-speaking households. I show that these differences are consistent with different distributions of time preferences and norms of taking informal consumer credit in financial distress across language regions.
Authors	Guin, Benjamin
Language	English
Subjects	business studies
HSG Classification	contribution to scientific community
Refereed	No
Date	6 June 2015
Event Location	Western Economic Association 11th International Conference, University of Wellington, January 8-11, 2015; 8th International Conference of Panel Data Users in Switzerland, June 1- 2, 2015, University of Lausanne; SSES Annual Congress 2015 The Solvency of P
Depositing User	Benjamin Guin
Date Deposited	01 Jul 2015 16:49
Last Modified	28 Feb 2023 12:38
URI:	https://www.alexandria.unisg.ch/publications/242106

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Guin, Benjamin: Culture and Household Saving. Western Economic Association 11th International Conference, University of Wellington, January 8-11, 2015; 8th International Conference of Panel Data Users in Switzerland, June 1- 2, 2015, University of Lausanne; SSES Annual Congress 2015 The Solvency of P, 6 June 2015.

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https://www.alexandria.unisg.ch/id/eprint/242106

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