According to gender-based indicators, men in Turkey tend to save more than women, and their personal savings ratio
has grown, despite the increasing level of employment of women.
8 per cent in the third quarter, the data showed, matching a previous estimate, and the savings ratio
slipped to 5.
Current account, savings and investments and pensions: DWP's 'Family Resources Survey' publications, 2000-01 and 2010-2011; current deposit based (December 2012) and ISA savings balances (January 2013) from Halifax; adequacy of pensions savings and savings ratios
by gender from Scottish Widows, 'UK Pensions Report 2012 (May 2012)'.
The savings ratio
- the money left after consumption - fell from 5.
He added: "The IoD has long argued that the legacy of the financial crisis, anaemic money supply growth, the squeeze on real take-home pay and an already low savings ratio
, meant that quarter-on-quarter growth over the 2010-11 period was likely to weaken.
Simsek who spoke to reporters Wednesday at the OECD's Forum on Tax Administration (FTA) in Istanbul said it was highly probable for Turkey to maintain a strong economic growth, but not likely at rates as high as H1, as Turkey lacked the necessary savings ratio
or access to international funds.
Hargreaves added: "The increase in the UK's savings ratio
is a cause for optimism.
Just prior to the GFC the household savings ratio
had fallen to pretty low, in fact in 2005 I think it went negative," he explained.
For example, if the economy's enormous savings ratio
of 45 percent of GDP were to be reduced by, say, 7-8 percent (that is, consumption were to rise), the parameters of the accounting identity would be changed; by contrast, currency revaluation would not change them.
In the second quarter of 2009, the savings ratio
rose to 5.
We restrict the parameters on income and wealth to sum to one, to ensure a stable savings ratio
in the long run that is determined by the long-run constant term [alpha] and the wealth to income ratio.
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