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Title
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Essays on the determinants of Vietnamese household saving rates
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Author
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Abstract
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| Household saving plays a crucial role in the economic growth and social development of a country. Especially in poor and developing countries, household savings are an important financial source for families to overcome difficulties, reduce poverty, stimulate wealth creation, and increase their quality of life. Calculated as household savings divided by household income, the household saving rate shows us how much households can save compared with their income. In this dissertation, we use the dataset VHLSS 2010 and 2012 to investigate the determinants of household saving rates in Vietnam, a developing country in South East Asia. In Chapter 1 we set the scene: we review influential saving theories and provide a general overview of the Vietnamese economy. The following chapters are devoted to empirical analysis. In Chapter 2 we apply conditional quantile regression to determine the effect of household characteristics on household saving rates. We find evidence that household and household head characteristics have significant effects on family saving rates. Particularly, the marginal propensity to save of households at the low quantiles is higher than that of those at the high quantiles. Since household characteristics and household saving rates between urban and rural families tend to be different in Vietnam, we examine in Chapter 3, using unconditional quantile regression, whether these differences in household characteristics between the two areas can help explain why urban households save more than rural families. We find that the urban-rural saving rate differences are low at the high quantiles. In addition, the higher income and smaller size of urban households allows them to save more compared with rural families. In contrast, the differences in ethnic structure and education between the two areas tend to reduce the urban-rural saving rate difference. Finally, in Chapter 4 we examine the influence of remittances on saving and consumption behaviour by using the technique of propensity score matching. We observe that remittances have a positive impact on household savings by increasing both saving rates and saving amounts. |
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Language
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English
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Publication
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Antwerp
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University of Antwerp
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2021
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ISBN
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978-90-5728-709-1
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Volume/pages
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xiv, 175 p.
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Note
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Erreygers, Guido [Supervisor]
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Kessels, Roselinde [Supervisor]
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Merlino, Luca Paolo [Supervisor]
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Full text (open access)
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