ua ru en

2 (30) 2017

Demography and social economy, 2017, 2(30):202-210
doi: https://doi.org/10.15407/dse2017.02.202
330.567.2 (477)

A.V. Veremchuk

graduate student
Ptoukha Institute for Demography and Social Studies of the National Academy of Sciences of Ukraine
01032, Ukraine, Kyiv, blvd. Taras Shevchenko, 60
-mail: anne.veremtchouk @gmail.com

Language: Ukrainian
Abstract: The paper is devoted to the study of the potential influence of Ukrainian households savings on their standard of living. For this purpose, firstly the author described the structure of households expenditures (including savings) during the period which covers the two latest economic crises (from 2008 to 2015). The potential of savings as a financial safety cushion is analysed, i.e. whether savings of middle-class representatives could replace income in case of its loss. The spending of savings in such situations enables households not only to survive during the period of economic crisis, supporting habitual consumption level, but also to avoid downward mobility. To assess the period during which savings can replace household income, the author introduces an approach based not on subjective estimates made by savings owners, but on analysis of households expenditures. The information base for the study is the results of Ukrainian Households Living Conditions Survey, which is conducted on a regular basis by the State Statistics Service of Ukraine.
Key words: household savings, middle class, savings potential.
1. Loayza, N., Schmidt-Hebbel, K. & Serven, L. (2000). Saving in Developing Countries: An Overview. The World Bank Economic Review, 14 (3), 393-414. Retrieved from https://pdfs.semanticscholar.org/e838/a0f67dde59cc8dba320c7d968fe0aa65d77c.pdf [in English]. https://doi.org/10.1093/wber/14.3.393
2. Foley, M.C. & Pyle, W. (2005). Household Savings in Russia during the Transition. Middlebury College Economics Discussion Paper, 05-22, 1-35. Retrieved from http://sandcat.middlebury.edu/econ/repec/mdl/ancoec/0522.pdf [in English].
3. Lugauer, S. & Mark, N.C. (2013). The Role of Household Saving in the Economic Rise of China. Hong Kong Institute for Monetary Research Working Paper, 4, 1-23. Retrieved from http://www3.nd.edu/~-slugauer/LugauerMark2011.pdf [in English]. https://doi.org/10.7551/mitpress/9780262019804.003.0006
4. Stix, H. (2012). Why Do People Savein Cash? Distrust, Memories of Banking Crises, Weak Institutions and Dollarization. Oesterreichische Nationalbank Working paper, 178, 1-50. Retrieved from https://www.oenb.at/dam/jcr:71d323d6-3720-4abf-ba7a-f206ba35052b/working_paper_178_ tcm16-249425.pdf [in English].
5. Zayats, V. (2012). Investitsiyni mozhlivosti domogospodarstv Ukrayini: obmezhennya i perspektivi [Investment possibilities of the Ukrainian households: limitations and prospects]. Investitsiyi: prakty katadosvid - Investments: Practice and Experience, 5, 4-6. Retrieved from http://www.investplan.com.ua/pdf/5_2012/3.pdf [in Ukrainian].
6. Nosova, Ye. (2015). Zaoshchadzhennya domohospodarstv yak dzherelo investytsiynykh resursiv v Ukrayini [Household savings as a source of investment resources in Ukraine]. Visnyk Kyyivs’koho natsional’noho universytetu imeni Tarasa Shevchenka. Ekonomika - Bulletin of Taras Shevchenko National University of Kyiv. Economics., 167, 73-80. Retrieved from http://papers.univ.kiev.ua/1/ekonomika/articles/nosovae-household-savings-as-a-source-of-investment-resources-in-ukraine_24559.pdf. [in Ukrainian].
7. Stepanova, A. & Udod, Ye. (2012). Zaoshchadzhennya domohospodarstv yak vazhlyvyy investytsiynyy resurs krayiny [Households’ savings as an important investment resource of the country]. Visnyk Kyyivs’koho natsional’noho universytetu imeni Tarasa Shevchenka. Ekonomika - Bulletin of Taras Shevchenko National University of Kyiv. Economics., 136, 45-49. Retrieved from: http://bulletin-econom.univ.kiev.ua/wp-content/uploads/2015/11/136_12.pdf [in Ukrainian].
8. Radaev, V. (1997). About Savings of Russian Population. Where is Russia going? The general and the particular in contemporary development. V.V. Radaev (Ed.); Intercentr [in Russian].

» pdf