@techreport{df55581a3045466e91e55a0e8ab53662,
title = "Cross-country private saving heterogeneity and culture",
abstract = "Motivated by the dominant role of cross-country heterogeneity in private saving in the creation of Eurozone imbalances over the past decade, we empirically investigate the determinants of private saving for a sample of 30 OECD countries over the period 1990-2010. In addition to standard macroeconomic variables, we include three country-specific cultural indicators, derived from the World and European Value Surveys. We find these three variables - thrift, trust and religiosity - to significantly contribute to the explanation of cross-country saving heterogeneity both for the OECD group at large and for the Eurozone countries seperately.",
author = "{de Castro Campos}, M. and C.J.M. Kool and J. Muysken",
year = "2013",
month = jan,
day = "1",
doi = "10.26481/umagsb.2013013",
language = "English",
series = "GSBE Research Memoranda",
publisher = "Maastricht University, Graduate School of Business and Economics",
number = "013",
address = "Netherlands",
type = "WorkingPaper",
institution = "Maastricht University, Graduate School of Business and Economics",
}