Household Savings in Transition Economies

21 Pages Posted: 25 May 2006 Last revised: 25 Aug 2022

See all articles by Cevdet Denizer

Cevdet Denizer

Center for Economics and Econometrics; World Bank

Holger C. Wolf

Georgetown University - Edmund A. Walsh School of Foreign Service (SFS)

Multiple version iconThere are 2 versions of this paper

Date Written: March 1998


Based on matching household surveys for three central European countries, Bulgaria, Hungary and Poland, we explore the determinants of household saving rates in transition economies. We find savings rates to increase strongly in relative income and to be significantly higher for households owning few of the standard consumer durables, consistent with anticipatory savings prior to durable purchases in the absence of retail credit markets. The influence of demographic factors broadly matches earlier findings for developing countries. Perhaps surprisingly, variables associated with the position of the household in the transition process, notably the sector of employment, plays no significant role in determining savings rates.

Suggested Citation

Denizer, Cevdet and Wolf, Holger C., Household Savings in Transition Economies (March 1998). NBER Working Paper No. w6457, Available at SSRN:

Cevdet Denizer (Contact Author)

Center for Economics and Econometrics ( email )

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Holger C. Wolf

Georgetown University - Edmund A. Walsh School of Foreign Service (SFS) ( email )

Washington, DC 20057
United States
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