We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
The assessment of government incentives on savings, Hungary 2006–2019.
- Authors
Czeczeli, Vivien; Kutasi, Gábor; Szabó, Eszter
- Abstract
This study analyses the effectiveness of government incentives on household savings in Hungary prior to the Covid pandemic and the ensuing economic turmoil. Time series pertaining to life insurance, voluntary pension savings, and long-term and short-term government bonds are tested in relation to government incentives. The novelty of this study is the test on complex mix of policy incentives and saving funds. The analysis applies the multiple breakpoint test and OLS regression, based on the behavioural life cycle hypothesis. The conclusion is that in the analysed time period the government incentives had a significant effect and promoted savings behaviour, with the exception of short-term government bonds.
- Subjects
HUNGARY; GOVERNMENT securities; COVID-19 pandemic; TIME series analysis; LIFE insurance; SAVINGS; HOUSEHOLDS
- Publication
Acta Oeconomica, 2021, Vol 71, Issue 4, p569
- ISSN
0001-6373
- Publication type
Article
- DOI
10.1556/032.2021.00040