Savings Strategies: Evidence from Bangladesh

Posted: 18 Dec 2013

See all articles by Matteo Marinangeli

Matteo Marinangeli

Università Politecnica delle Marche

Andrea Filippo Presbitero

Università Politecnica delle Marche - Department of Economics; Centre for Macroeconomics & Finance Research (CeMaFiR)

Date Written: December 2013

Abstract

Microsavings contribute to smooth consumption, cope with emergencies and increase the welfare of poor households. We use data from an original survey administered to a sample of Bangladeshi women, all members of a small microfinance institution (MFI), to analyze the individual socio-economic characteristics associated with microsavings. The data show that the poor are financially sophisticated and use several different (formal and informal) savings devices. We also highlight a positive association between the length of the relationship with the MFI and the propensity to save, especially with formal and semi-formal devices. While we cannot identify a causal effect of MFI membership, the descriptive evidence is consistent with the hypothesis that microfinance may contribute to the awareness of the potential benefits of savings and expand access to alternative formal savings devices.

Keywords: Microfinance, Savings, Bangladesh

JEL Classification: F33, F34, F35, O11

Suggested Citation

Marinangeli, Matteo and Presbitero, Andrea Filippo, Savings Strategies: Evidence from Bangladesh (December 2013). Rivista Italiana degli Economisti, Vol. 3, December 2013. Available at SSRN: https://ssrn.com/abstract=2368795

Matteo Marinangeli (Contact Author)

Università Politecnica delle Marche ( email )

Piazzale Martelli 8
Ancona, 18039
Italy

Andrea Filippo Presbitero

Università Politecnica delle Marche - Department of Economics ( email )

Piazzale Martelli, 8
Ancona, AN 60121
Italy
+39 0712207074 (Phone)

HOME PAGE: http://sites.google.com/site/presbitero/

Centre for Macroeconomics & Finance Research (CeMaFiR) ( email )

Piazza Mirabello, 2
Milan, 20100
Italy

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