콘텐츠 바로가기
로그인
컨텐츠

Category Open

Resources

tutorial

Collection of research papers and materials on development issues

home

Resources
Economy Macroeconomics

Print

한국가계의 저축행태(Saving patterns of Korean households)

Related Document
Frame of Image


Full Text
Title 한국가계의 저축행태(Saving patterns of Korean households)
Similar Titles
Material Type Reports
Author(Korean)

김광석

Publisher

서울:한국개발연구원

Date 1975
Series Title; No 연구총서
Pages 147
Subject Country South Korea(Asia and Pacific)
Language Korean
File Type Documents
Original Format pdf
Subject Economy < Macroeconomics
Holding KDI; KDI School

Abstract

This study examines various approaches to increasing household savings, and undertakes a detailed comparative analysis of the saving patterns and behavior of urban and rural households, with an objective of finding possible measures to encourage households to save more in the future.
Economic development hinges upon active savings, particularly those made by households. Household savings not only provide additional resources for the formation of the domestic capital pool, but also ensures the long-term social and economic stability of households themselves. Despite the growing emphasis on savings in Korea, the Korean government has yet to come up with an effective and better-informed policy on improving the propensity of Korean households to save. Ideally, this study should have been preceded by the development of a system that measures spending and savings by households with greater accuracy based on a greater scope of inventory. Only with adequate statistics and accurate analyses can policymakers develop effective measures to increase income levels for urban and rural households alike.
By dividing household savings into a few categories and reviewing each, this study has reached the following conclusions regarding the structural factors that affect household savings. The increasing concentration of the population in cities has widened the social and economic gap between cities and rural towns, while the rapid and unmitigated changes in the social structure have also led to a growing imbalance between urban and rural savings rates. In order to solve this problem, policymakers need to ensure a greater equality of income between cities and rural areas by prioritizing the development of isolated regions. Moreover, the Korean government needs to reduce the birthrate by encouraging more careful family planning. The relative interest rates on financial assets should also be increased in order to mitigate the financial burden on Korean households in educating their children, and also to encourage households to favor healthier and more stable asset-forming instruments.
Household savings not only provide additional resources for the formation of the domestic capital pool, but also ensures the long-term social and economic stability of households themselves. By integrating and promoting the body of knowledge and discourse on the related subjects, this study provides information that can help Korea achieve the ultimate goal of establishing a self-sufficient economy.