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A microeconometric analysis of household savings determinants in Morocco

Abdelkhalek, Touhami; Arestoff, Florence; El Mekkaoui de Freitas, Najat; Mage-Bertomeu, Sabine (2010), A microeconometric analysis of household savings determinants in Morocco, African Review of Money Finance and Banking, p. 7-27

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Type
Article accepté pour publication ou publié
Date
2010
Journal name
African Review of Money Finance and Banking
Publisher
Finafrica
Pages
7-27
Metadata
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Author(s)
Abdelkhalek, Touhami

Arestoff, Florence
Laboratoire d'Economie de Dauphine [LEDa]
El Mekkaoui de Freitas, Najat
Laboratoire d'Economie de Dauphine [LEDa]
Mage-Bertomeu, Sabine
Laboratoire d'Economie de Dauphine [LEDa]
Abstract (EN)
This article provides an analysis of the microeconomic determinants of household savings behaviour in Morocco according to geographical household residence. Descriptive statistics seemto indicate a similar savings pattern in both rural and urban areas but the econometric results do not support this conclusion. Current income strongly affects the savings level in the urban area whereas the literacy of the household’s head is determinant in the rural one. However, theresults do not confirm the life cycle hypothesis. The household’s size has a significant negative impact only in the urban case, while women heads of household save more than men, except for highest income levels. The results clearly show that urban and rural households behave differently with regards to savings.
Subjects / Keywords
Savings; individual data; microeconometrics; Morocco
JEL
E21 - Consumption; Saving; Wealth
D12 - Consumer Economics: Empirical Analysis
C3 - Multiple or Simultaneous Equation Models; Multiple Variables