Open AccessCrisis Tendencies in Household Savings in the Countries with Developed Market Economy and Russia
Author(s) -
A. V. Kostomarova
Publication year - 2012
Publication title -
vestnik mgimo-universiteta
Language(s) - English
Resource type - Journals
eISSN - 2541-9099
pISSN - 2071-8160
DOI - 10.24833/2071-8160-2012-4-25-237-240
Subject(s) - pessimism , consumption (sociology) , economics , macroeconomics , economy , development economics , economic system , market economy , sociology , social science , philosophy , epistemology
The article looks at the dynamics of household saving rates and savings in terms of numbers in some of the leading world economies during the current economic crisis, makes comparative analysis with Russia. The author examines the reasons for changes in peoples’ behavior during crisis, including the influence of pessimistic opinion regarding expenses and savings, underlines a growing role of savings «for a rainy day», describes the model of consumption behavior.