Determinants of Formal and Informal Saving in Colombia


  • In this paper we perform an empirical study of the determinants of saving among middle- and low-income individuals living in urban and rural areas of Colombia. The results show that the likelihood of saving increases with education, income, labor market participation, and home ownership. The results also demonstrate that education and income increase the probability of saving in banks and decrease the likelihood of informal saving in both urban and rural areas.

fecha de publicación

  • 2018

Página inicial

  • 123
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