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first step the decision to save at all is analyzed, showing that the main determinants for saving are personal income as … saving rate. Modelling both decisions separately therefore leads to a better understanding of the determinants of saving for …
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, the state of the labor market, the level of accumulated wealth, the rate of urbanization, and the level of development of …
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investment and growth. Financial sector development and access to financial institutions are important determinants of savings …
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