The Determinants of the Household Savings Rate in Ghana

Faculty Sponsor

Sara Gundersen


Arts and Sciences


Economics Department

Presentation Type

Oral Presentation

Symposium Date

Spring 5-2-2015


This study tests for the determinants of the household savings rate in Ghana. The dataset that was used to run the regression analysis was drawn from the Ghana-Living Standards Survey 2005-2006, which was provided by the World Bank. Due to the nature of the data, the task to determine the factors of the household savings rate was not an easy one, but there were several useful things to conclude from this research paper. The total number of household residents and total household income were statistically significant in determining the household savings rate. On the other hand, age, gender, and marital status were not statistically significant.

Biographical Information about Author(s)

Nandin-Erdene Munkhbat is from Ulaanbaatar, Mongolia. She is a senior, economics major and mathematics, French and Japanese minor. She speaks Mongolian, Russian, French and Japanese and studied abroad in Paris, France in 2013. The reason she chose this topic was because she was initially interested in the determinants of the household savings rate in Mongolia, but due to the lack of the data to define the savings rate, she chose Ghana instead.

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