Kulikov, D., Paabut, A. and Staehr, K. (2007) A Microeconometric Analysis of Household Saving in Estonia: Income, Wealth and Financial Exposure. Working Paper of Eesti Pank 8, Tallinn, 1-42.

has been cited by the following article:

• TITLE: Household Savings and Productive Capital Formation in Rural Vietnam: Insurance vs. Social Network

  AUTHORS: Thomas Gries, Ha Van Dung

  KEYWORDS: Rural Households, Liquid Assets, Productive Assets, Social Networks, Organizations, Insurance, Disasters

  JOURNAL NAME: Modern Economy, Vol.5 No.8, July 18, 2014

  ABSTRACT: In this paper, we investigate the role of the social network nexus and the insurance nexus in determining household savings and productive capital formation in rural Vietnam. We analyze the issue in two dimensions, stocks and flows, and consider the exposure to negative shocks. The instrumental variable method is employed and unlike previous studies, we account for the endogeneity of all concerned variables. The results indicate that the social network nexus has more impacts in “ex ante” rather than in “ex post” households. In both households groups, the effects of the insurance nexus dominate over those of the social network nexus. In the case of the stocks, we also find that the precautionary view holds in liquid assets but not in productive assets.