Saving in Austria – Too Little and Too Late?

On October 24, 2008, the Oesterreichische Nationalbank (OeNB) held an international workshop entitled “Saving in Austria – Too Little and Too Late?”. The purpose of the event was to devote more attention to an important economic topic which even experts still do not understand sufficiently in all its various facets. In a small group of experts, the following questions were discussed at length: What determines people’s saving behavior? What influencing factors stand in the way of rational saving behavior? And what problems arise in the analytical conceptualization of household saving?