Effects of COVID-19 Pandemic on Household Savings: Evidence from the CESEE Region
Abstract
Covid 19 has changed the life style of individuals and their propensity to save money for the future in order to manage unexpected expenses and the higher uncertainty that may characterize the after pandemic scenario. Â Savings dynamics are expected to be different country-by-country due to the unique features that may characterize citizens on the basis of the historical trend and the financial habits.
The paper analyses the CESEE countries and evaluated the change in the saving rate and the differences with respect to the long term average and the expectations for the after crisis period. Results show some interesting differences among countries that may matter for the policy maker in order to identify the best solution for reducing the negative effects of the pandemic.
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Copyright (c) 2022 Gianluca Mattarocci, Olta Manjani
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