Institutional concepts of savings for low-income households
Abstract
The main objective of the present article is to present theoretical arguments supporting the following research thesis: “Without institutional support low-income households will not be able to accomplish their short and long-term saving goals due to the specific financial situation”. The article is of both methodical and review character. The critical review of international and domestic sources was applied to answer the research question. Conclusions indicate key institutional criteria which need to be met to support low-income households in their saving objectives.
Keywords:
Households finance, financial choices, institutional saving models, financial tools, behavioural public policyReferences
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Akerlof, G., Shiller, R. (2015). Phishing for Phools: The Economics of manipulation and Deception, Princeton University Press, New York.
Atkinson, A., Messy, F-A. (2012). Assessing Financial Literacy in 12 Countries An OECD Pilot Exercise, Netspar Discussion Papers, nr 01/2011, OECD Financial Affairs Division, Paris, Netspar Discussion Paper No. 01/2011-014 (15.03.2015).
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Banerjee, A.V., Mullainathan, S. (2010). The Shape of Temptation: Implications for the Economic Lives of the Poor, NBER Working Paper, nr. 15973, http://www.nber.org/papers/w15973 (03.07.2014).
Bertrand, M., Mullainathan, S., Shafir E. (2006). Behavioral economics and marketing in aid of decision making among the poor, Journal of Public Policy & Marketing, 25, 8-25.
Beverly, S.G., Sherraden, M. (1999). Institutional determinants of saving: implications for low-income households and public policy, Journal of Socio-Economics, 28, 457-473.
Białowąs, S. (2013). Zachowania oszczędnościowe w polskich gospodarstwach domowych. Postawy, determinanty, model, Wydawnictwo Uniwersytetu Ekonomicznego w Poznaniu, Poznań.
Collins, D., Mordach, J., Rutherford, S., Ruthven, O. (2009). Portofolios of the Poor. How the World’s Poor Live on 2$ a Day, Princeton University Press, Princeton i Oxford.
Dercon, S. (2009). Rural poverty: Old challenges in new contexts, World Bank Research Observer, 24, 1-28.
Elster, J. (2000). Ulysses Unbound, Cambridge University Press, Cambridge.
Han, C-K, Sherraden, M. (2009). Do institutions really matter for saving among low-income households? A comparative approach,. Journal of Socio-Economics, 38, 475-483.
Harasim, J. (red.). (2007). Oszczędzanie i inwestowanie indywidualne w Polsce. PTE, Katowice.
Harasim, J. (red.) (2010). Oszczędzanie i inwestowanie w teorii i praktyce, PTE, Katowice.
Iwanek, M, Wilkin, J. (1997). Instytucje i instytucjonalizm w ekonomii, Wydawnictwo Uniwersytetu Warszawskiego, Warszawa.
Jarosz, M. (red.). (2008). Wykluczeni. Wymiar społeczny, materialny i etniczny, ISN PAN, Warszawa.
Johnson, E., Sherraden, M.S. (2007). From Financial Literacy to Financial Capability among Youth, Journal of Sociology & Social Welfare, 34(3), 119-146.
Kochanowicz, J., (1992). Spór o teorię gospodarki chłopskiej. Gospodarstwo chłopskie w teorii i w historii gospodarczej, Wydawnictwo Uniwersytetu Warszawskiego, Warszawa.
Kot, S., (2000). Ekonometryczne modele dobrobytu, Wydawnictwo Naukowe PWN, Kraków-Warszawa.
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North, D.C. (1991). Institutions. The Journal of Economic Perspectives, 5(1), 97-112.
Panek, T. (2011). Ubóstwo i nierówności społeczne. Teoria i praktyka pomiaru, Wydawnictwo SGH, Warszawa.
Rószkiewicz, M., (2004). Skłonność Polaków do oszczędzania w świetle finansów behawioralnych, Ekonomista, 5, 675-695.
Schreiner, M., Sherraden, M. (2007). Can the poor save? Savings and Asset Building in Individual Development Accounts, Aldine de Gruyter, New York.
Sen, A., (1999). Development As Freedom, Oxford University Press, Oxford.
Sen, A., (2002). Rationality and freedom, The Belknap Press of Harvard University Press, Cambridge-London.
Shelling, T. (1984). Choice and consequences. Perspectives of an errant economist, Harvard University Press, Cambridge i London.
Sherraden, M. S. (2013). Building blocks of financial capability, [w]: J. M. Birkenmaier, M. S. Sherraden, J. C. Curley, J. (red.) Financial Capability and Asset Building: Research, Education, Policy, and Practice (1–43). Oxford University Press, New York i Oxford.
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Sherraden, M., Schreiner, M., Beverly, S. (2003). Income, institutions, and saving performance in individual development accounts, Economic Development Quarterly, 17 (1), 95-112.
Shiller, R.J. (2005). Irrational Exuberance (second edition), Crown Business, New York.
Shiller, R.J., (2012). Finance and the Good Society, Princeton University Press, Princeton i Oxford.
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Thaler, R., Benartzi S. (2004). Save More Tomorrow: Using Behavioral Economics to Increase Employee Saving, Journal of Political Economy, 112, 1 (2), 164-187.
Wilkin, J. (2016). Instytucjonalne i kulturowe podstawy gospodarowania, Wydawnictwo Naukowe Scholar, Warszawa.
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