Household retirement savings in South Africa: an analysis of pre-and post-global financial crisis determinants

Type Thesis or Dissertation
Title Household retirement savings in South Africa: an analysis of pre-and post-global financial crisis determinants
Author(s)
Publication (Day/Month/Year) 2014
URL http://146.141.12.21/bitstream/handle/10539/16107/Ting Ling-Hsuan.pdf?sequence=1
Abstract
This study investigates Life Cycle Hypothesis savings behaviour among South African
households. The mobility matrix methodology as well as a multivariate regression analysis
was employed to assess the implications of a permanent increase and a temporary decrease in
household incomes based on the impacts of the global financial crisis. Using the General
Household Survey data from 2002 - 2010, the study concludes that life cycle savings were
greater during the period of 2002 - 2004 (,pre-financial crisis') compared with the period of
2008 - 2010 (,post-financial crisis'). Overall, the global financial crisis significantly
negatively impacted household retirement savings.

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