Does Gender have any Effect on Aggregate Saving? An empirical analysis

By S. Seguino, M. Floro. 2003

168 citations recorded by the source corpus.

This study investigates the effects of gender on aggregate saving. We test the hypothesis that shifts in women's relative income, which can affect their bargaining power within the household, have a discernible impact on household saving and, by extension, gross domestic saving, due to differing saving propensities by gender. The empirical analysis is based on panel data for a set of semi-industrialised economies, covering the period 1975-95. The results indicate that, as some measures of women's relative income and bargaining power increase, gross domestic saving rates rise. The implied gender disparity in saving propensities may be linked to differences in saving motives based on gender roles, and well as divergent experiences of economic vulnerability. These findings suggest the importance of understanding gender differences in planning for savings mobilisation and in the formulation of financial and investment policies.

Subfields: Accounting, Economics and Econometrics, Gender Studies

View Paper: https://www.semanticscholar.org/paper/acbd021e7d6f69e5cdc980ad6c17d1dda80b0954

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Accounting

1. D. Vinod
2. Saibal Ghosh
3. O. Bandiera

In Economics and Econometrics

1. D. Raju
2. J. Mcardle
3. A. Morrison
4. D. Vinod
5. Ashwini Natraj
6. Saibal Ghosh
7. O. Bandiera
8. N. Sinha

In Gender Studies

1. D. Raju
2. A. Morrison
3. D. Vinod
4. Ashwini Natraj
5. Saibal Ghosh
6. O. Bandiera
7. N. Sinha
8. Stephan Klasen

Citations in the corpus

• Gender Equality, Poverty and Economic Growth (2007, background): “23 A recent review by Stotsky finds only four studies (Goetz and Gupta, 1996; Seguino and Floro, 2003; Floro, 2001; and Razavi, 1996); results are not consistent across all four studies.”
• Does Gender Inequality Hinder Development and Economic Growth? Evidence and Policy Implications (2013, background): “Seguino and Floro (2003) show that their measures of education and economic gender inequality (the gap between female and male secondary school completion and the male wage-bill share) are negatively correlated with domestic savings.”
• What Constrains Financial Inclusion for Women? Evidence from Indian Micro data (2017, background): “Seguino and Floro (2003) find that a one percentage point rise in the female share of wages raises aggregate savings by 0.25% of GDP.”
• Psychological Foundations of Financial Planning for Retirement (2007, background): “• Savings contributions will be predicted by income (Bassett et al. 1998; Grable and Lytton 1997) financial planning activity level (Lusardi 1999; Neukam 2002) and gender ( Seguino and Floro 2003; Sunden and Surette 1998).”