We develop a formula for the optimal size of a joint savings association between individuals who share the same … Rotating Savings and Credit Association (ROSCA). We measure the efficiency of a ROSCA by the expected waiting time that it …

We study interest rates transmission to savings at low and negative rates. Exploiting cohorts of consumers from a data …-rich multi-country survey, we show how the strength of interest rate transmission to savings varies with the level of nominal … levels, there is evidence that the savings response may even reverse sign. Such a “savings’ reversal” is consistent with the …

In the wake of the steep fall in the national savings due to economic shocks, among them the COVID-19 pandemic … countries. Most past empirical studies investigated the role of inflation on savings only in advanced nations. The current study … will investigate the effect of inflation on savings culture in Kenya. To determine how inflation explains saving, the study …

It depends what we want to measure. Most literature has focused on observed flow of savings (per-period savings as … investment in each period, it does not follow that the households’ actual savings (underlying, not observed, savings determined … move in opposite directions, and show that indeed the actual savings has sharply increased since 1980 …