Household Savings Behaviour in Crisis Times

Carin van der Cruijsen, Jakob de Haan, David-Jan Jansen, Robert H. J. Mosch
2011 Social Science Research Network  
We analyze whether households' savings behaviour was affected by adverse experiences during the crisis and knowledge about banking supervision. Using a survey among Dutch households, we find that both factors have affected the allocation of savings. Individuals whose bank went bankrupt or received government support during the crisis gather more information about banks and saving instruments and are more likely to have savings at several banks. Respondents with better knowledge about banking
more » ... ervision are more likely to gather information about banks and saving instruments, to spread their savings across banks, and to shift savings to other banks. JELcodes: D14, D84, E58
doi:10.2139/ssrn.1945727 fatcat:yx7bpadndbcatekmnl7us5la7q