Incorporating Private Savings Behavior in Product Offerings: A Case Study of Pakistan

Signifikan: Jurnal Ilmu Ekonomi Pub Date : 2021-07-23 DOI:10.15408/SJIE.V10I2.20139

S. Shaikh

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Abstract

In order to enhance understanding about the actual savings behaviour and impulses which drive savings behaviour, it is interesting to study the micro foundations of savings behaviour. Collecting micro data through filled questionnaire from households in urban areas, this study identifies the motives of savings and the instruments and channels where the savings are invested in Pakistan. The results reveal that investment motive, higher income and greater frequency of household members joining labor force for earning incomes enhance the monthly savings rate. The results can be used to offer Islamic investment deposits in an attractive way. If the investment deposits are pitched properly by highlighting the stable ex-post investment returns and low ex-post volatility, then people with an investment motive parking their savings in fixed income mutual funds would be attracted towards Islamic investment deposits. Likewise, incremental long term savings plans wherein periodic investments increase over a period of time can be offered given that monthly savings rate are found to be positively associated with income. Finally, joint investment accounts can be offered given the finding that monthly savings rate is higher in households with greater number of earning members in family.JEL Classification: G11, G21, G23How to Cite:Shaikh, S. A. (2021). Incorporating Private Savings Behavior in Product Offerings: A Case Study of Pakistan. Signifikan: Jurnal Ilmu Ekonomi, 10(2), 247-258. https://doi.org/10.15408/sjie.v10i2.20139.

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将私人储蓄行为纳入产品提供:以巴基斯坦为例

为了加强对实际储蓄行为和驱动储蓄行为的冲动的理解，研究储蓄行为的微观基础是很有趣的。本研究通过城市地区家庭填写的问卷收集微观数据，确定储蓄的动机以及储蓄在巴基斯坦投资的工具和渠道。结果表明，投资动机、较高的收入和家庭成员加入劳动力赚取收入的频率提高了月储蓄率。结果可以用来提供伊斯兰投资存款有吸引力的方式。如果通过强调稳定的事后投资回报和低事后波动来正确定位投资存款，那么将储蓄存放在固定收益共同基金中的投资动机的人将被吸引到伊斯兰投资存款中。同样，如果发现月储蓄率与收入呈正相关，则可以提供增量长期储蓄计划，其中定期投资在一段时间内增加。最后，可以提供共同投资账户，因为发现在家庭中有更多收入成员的家庭，月储蓄率更高。JEL分类:G11, G21, g23引用方式:Shaikh, S. A.(2021)。将私人储蓄行为纳入产品提供:以巴基斯坦为例。[j] .经济研究，2010(2)，247-258。https://doi.org/10.15408/sjie.v10i2.20139。

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Signifikan: Jurnal Ilmu Ekonomi

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