The Effect of Socio-Demographic Variables on Household Saving in Indonesia (The Analysis of the 2007 IFLs Data)

The objective of this study is to analyze the effect of socio-demographic variables on household savings in Indonesia. The study was conducted using three models; the ownership status, the value of the savings, and the savings ratio. It employed the OLS and the logistic regression of the 2007 IFLS data. Also, it was discovered that the average level of education of productive-aged family members along with the total household income were constantly significant as the determinant factors in all the three models. The other finding was that patriarch households were less likely to have savings than matriarch households. Keywords: sosio demographic variables, the ownership status, the value of the savings, and the savings ratio