Relationship between Saving and Wealth (By Emphasizing the Housing Values) in Iran Provinces
Subject Areas : Labor and Demographic Economics
Keywords: panel data, Housing, Saving, wealth,
Abstract :
In this study, factors affecting savings in Iran,s economy will be recognized by emphasizing the value of housing wealth in the provinces of the country. To represent that the data elements between twenty-eight provinces in 2001-2006 is used and a suitable model for is estimated panel data. Model results show that the estimated income (GDP) on savings (bank deposit account balance) had a significant positive effect and unemployment and the housing index are negatively related to changes in the value of total savings in the provinces shows. Thus, changes in the total value of provincial housing (replace wealth variable) affect the amount of savings and life cycle theory and confirm the value of reverse wealth effect on saving shows.
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