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Children and Household Savings in the Philippines


This paper examines the relationship between household savings and family size. Household savings are important indicators for family welfare not only in terms of its investment and income generation prospects but also, and perhaps more importantly given pervasive borrowing constraints and limited social security coverage, because it provides protection from income shortfalls. Descriptive and multivariate evidence on the relationship of household savings and family size are provided. The endogeneity of family size in the household savings equation, as argued for in the old-age security hypothesis, is properly considered by using instrumental variables estimation technique. The paper uses a recent nationally representative household survey in the analysis. The results show that, on average, the impact of additional children on household savings is negative and that the impact is regressive.

Citations

This publication has been cited time(s).

  1. Kiran, Tanvi and Shivam Dhawan, 2015 "The impact of family size on savings and consumption expenditure of industrial workers: A cross-sectional study" , Science Publications

  2. Bankole, Kayode, Israel Ukolobi, and Onyuka Mcdubus, 2020 "The impacts of monetary policies on savings and investment in developing economies: A case study" , HAL

  3. Racelis, Rachel H. and J.M Ian S. Salas, 2007 "Measuring economic lifecycle and flows across population age groups: Data and methods in the application of the NTA in the Philippines" , East Asian Bureau of Economic Research

  4. Salas, J.M. Ian S. and Rachel H. Racelis, 2007 "Measuring economic lifecycle and flows across population age groups: Data and methods in the application of the NTA in the Philippines" , Philippine Institute for Development Studies

  5. Kulikov, Dmitry and Karsten Staehr, 2007 "Microeconometric analysis of household saving in Estonia: Income, wealth, financial exposure" , Bank of Estonia, revised 03 Feb 2015

  6. Ismail, Aisha and Kashif Rashid, 2013 "Determinants of household saving: Cointegrated evidence from Pakistan (1975–2011)" , Elsevier

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  8. Gries, Thomas and Ha van Dung, 2014 "Household savings and productive capital formation in rural Vietnam: insurance vs. social network" , Paderborn University, CIE Center for International Economics

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Jul 07, 2013