Beschreibung
Households financial Savings form an integral part of a nations savings level. Financial institutions mobilize the savings and allocate them to the most efficient investments. Most households in developing countries save in informal financial institutions limiting amount of funds available for long term investments. Underlying factors determining a households choice of saving in different forms of financial institutions were explored using bivariate logistic model. Determinants of households level of financial savings using weighted ordinary least squares method were analysed. Secondary data, from a sample of 6598 Kenyan households was used. The level of financial information held,credit availability in the financial institution and the household's income had the greatest effect on households decision to save in a particular financial institution. Household income and perceptions of high interest rates on savings held in financial institutions significantly increased the level of household financial savings. Financial education programmes, measures to enhance incomes and encouraging micro-finance industry growth could enhance households' savings.
Autorenporträt
Dr. Aflonia MbuthiaHas a PHD in Financial Economics, Studied in Kenyatta University, Nairobi, KenyaCurrently works in Kenyatta University,School of Economics, Econometrics and Statistics Department. Lectures mathematics of Economists, Operations Research, Econometrics and Microeconomics courses. Has taught at university level for over nine years
Herstellerkennzeichnung:
BoD - Books on Demand
In de Tarpen 42
22848 Norderstedt
DE
E-Mail: info@bod.de
