Individens sparande : En kvantitativ undersökning om individens sparande i relation till ålder

Title: The individuals private savings – A quantitative survey of the individualssavings in relationship to age Authors: Fiola Fejzullahi & Elin Westerlund Study topic: Business Economics, Administration Bachelor Theses, 15 hp Advisor: Bodil Sandén Differences in age can, based on economic theories, explain differences insaving and consumption behaviours for individuals. The study deals withprevious research and factors which explain how and why the individual saves.Based on previous research, the following theories referred to are: the life cyclehypothesis, the permanent income hypothesis and Ricardian equivalence. Thestudy examines whether saving differs between age groups in relation to selectedfactors and theories. The method used is a quantitative survey which dividedinto 417 respondent participations. In this study, we could not see any significant associations for individuals savingand consumption behaviour in different age groups. However, the study hasshown several interesting relationships and non-relationships for selectedfactors in relation to given age groups and savings. For example, the factorincome, according to a cycle hypothesis, is higher for those individuals who arein the middle of their life cycle. Despite this, it was not possible to find anysignificant relationship for factor income in relation to the factor saving. Thiscontradicts the assumptions made in the life cycle and permanent incomehypothesis, which mean that an individuals savings depends on the size of theindividual's income. Additional factors that have contributed to an interesting result for studiesinclude individual financial knowledge, savings management, interest rates andinflation. For the factors financial knowledge, interest rates and inflation, wewere able to find significant correlations in relation to age group. Regarding themanagement of savings, we could not find any significant connection in relationto age group.