Impact of COVID-19 on the saving decision under income uncertainty among self-employed in Saudi Arabia : an analysis of the precautionary saving theory
Other Title(s)
أثر 19-COVID على قرارات الادخار في ظل عدم تأكدية الدخل بين العاملين لحسابهم الخاص في المملكة العربية السعودية : تحليل نظرية الادخار الاحترازي
Author
Source
Namaa for Economic and Trade Journal
Issue
Vol. 4, Issue 2 (31 Dec. 2020), pp.154-165, 12 p.
Publisher
Muhammad Seddik Benyahia University-Jijel
Publication Date
2020-12-31
Country of Publication
Algeria
No. of Pages
12
Main Subjects
Topics
Abstract EN
The pandemic COVID-19 has brought the world to a standstill.
Under these circumstances, where the future is nearly unpredictable, the global financial and economic market is experiencing unprecedented effects.
In the wake of such uncertainty, this study investigates precautionary saving trends among self-employed households that are affected socially and financially by the pandemic of COVID-19 in Saudi Arabia.
Using Saudi Self-employment Saving and Spending Survey (SSSSS), we estimate whether precautionary saving induced by uncertainty regarding future income affects individuals differently depending on different demographic characteristics.
Previous researches point to contradictory results regarding precautionary saving theory; however, this study attempts to study precautionary saving trends under the unique situation presented by COVID-19.
Results indicate that gender and non-gender determinants motivate the self-employed to save more during a pandemic which provides a direct measure of precautionary saving and indicates how the self-employed respond to heightened uncertainty about their future income.
The main contribution of this study is to the literature on the effect the current pandemic has on self-employed workers in Saudi Arabia with respect to future income uncertainty that may affect future generations.
American Psychological Association (APA)
al-Ubayd, Husayn M. A.. 2020. Impact of COVID-19 on the saving decision under income uncertainty among self-employed in Saudi Arabia : an analysis of the precautionary saving theory. Namaa for Economic and Trade Journal،Vol. 4, no. 2, pp.154-165.
https://search.emarefa.net/detail/BIM-1089333
Modern Language Association (MLA)
al-Ubayd, Husayn M. A.. Impact of COVID-19 on the saving decision under income uncertainty among self-employed in Saudi Arabia : an analysis of the precautionary saving theory. Namaa for Economic and Trade Journal Vol. 4, no. 2 (Dec. 2020), pp.154-165.
https://search.emarefa.net/detail/BIM-1089333
American Medical Association (AMA)
al-Ubayd, Husayn M. A.. Impact of COVID-19 on the saving decision under income uncertainty among self-employed in Saudi Arabia : an analysis of the precautionary saving theory. Namaa for Economic and Trade Journal. 2020. Vol. 4, no. 2, pp.154-165.
https://search.emarefa.net/detail/BIM-1089333
Data Type
Journal Articles
Language
English
Notes
-
Record ID
BIM-1089333