The assessment of government incentives on savings, Hungary 2006–2019

Bibliographic Data

ID21282007
AuthorsVivien Czeczeli (0000-0002-9352-123X, Ludovika University of Public Service), Gábor Kutasi (0000-0001-7381-4935, Ludovika University of Public Service, corresponding author), Eszter Szabó (0000-0002-7021-7112, Corvinus University of Budapest)
Year2021
Volume71
Issue4
Pages569-585
Publication date2021-12-08
Open AccessYes
TypeARTICLE
VenueActa Oeconomica (JOURNAL)
Journal identifiersISSN: 0001-6373 • E-ISSN: 1588-2659
PublisherAkademiai Kiado Zrt. (PUBLISHER • HU)
DOI10.1556/032.2021.00040
OpenAlexW4200581131
LanguageEN
Citations received1
References cited29

This study analyses the effectiveness of government incentives on household savings in Hungary prior to the Covid pandemic and the ensuing economic turmoil. Time series pertaining to life insurance, voluntary pension savings, and long-term and short-term government bonds are tested in relation to government incentives. The novelty of this study is the test on complex mix of policy incentives and saving funds. The analysis applies the multiple breakpoint test and OLS regression, based on the behavioural life cycle hypothesis. The conclusion is that in the analysed time period the government incentives had a significant effect and promoted savings behaviour, with the exception of short-term government bonds

Business · Economics · Government (linguistics) · Incentive · Microeconomics · Novelty · Pension · Public economics · Term (time) · Finance · Financial Literacy, Pension, Retirement Analysis · Fiscal Policy and Economic Growth · Global Health Care Issues

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Open DOIOpen Access