Gender differences in saving behaviors, Lao PDR

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Maniphone Suensom


At present, there is insufficient empirical research in Laos on household savings. Most studies used a sample in the province and saving in cash due to the limitation of data. This is the first research in Laos that examines the role of gender of household head on household saving behaviors in both formal and informal savings. We analyze data from a sample of 10,741 households from Lao PDR Labor Force Survey 2010, the first survey in Lao PDR conducted by the National Statistical Office of Laos, using Probit and Tobit model and find that while male household heads have a statistically higher propensity to save and a statistically higher amount savings, female household heads tend to invest more in durable household assets. These findings demonstrate the importance of understanding gender relations at the household level in planning for savings mobilization and in the formulation of financial and investment policies.

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