Indexation and household saving behavior : Some empirical evidence
Starck, Christian C. (13.11.1985)
Numero
15/85Julkaisija
Bank of Finland
1985
Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi-fe2023070373627Tiivistelmä
This paper attempts to shed some light on the empirically unsolved issues concerning the impact on the saving behavior of households of the introduction of indexed financial assets. Quite suitable data from Finland are utilized, and empirical findings support the view that the hedging ability of indexed assets can affect the portfolio decision. The hypothesis that indexation of financial assets leave the savings ratio unaltered could, however, not be rejected.