Abstract
This study examines the saving patterns of Soviet households by developing a saving function based on cross-section data derived from a family budget survey of Soviet emigrants. The results are very similar to those of Western studies. While saving is a positive function of current income, the average rate of saving rises only relatively mildly with income, indicating that current income from the public sector is much more permanent than in market economies. The proportion of income earned from the private sector that is saved is much higher—indicating that it is highly transitory and risky. The long-run saving rate is, by international comparison, rather low.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
