Original scientific paper
https://doi.org/10.1080/1331677X.2020.1825107
The behavior of household finance on demographic characteristics in Pakistan
Muhammad Zubair Mumtaz
Zachary Alexander Smith
Abstract
This study analyzes the effect of demographic characteristics on
household finance in Pakistan. Using Household Integrated
Economic Survey data and applying the proportional sampling
technique, we determine that household size, secondary and tertiary education, gender, size of income, urban area, occupation,
and province-wise residency are the important predictors of
household finance. We split our dataset controlling for household
size, age, and income. This study identifies a small variation in the
determinants of household finance when examining the behavior
of small- and large-sized households, young and mature households, and low- and high-income households. We compare our
results with previous literature and report that the behavior of
households varies in different countries due to different demographic characteristics. Hence, the behavior households vary
across countries; however, there is no specific factor that varies as
we move from country to country
Keywords
Financial assets; demographics; Pakistan
Hrčak ID:
301234
URI
Publication date:
31.12.2021.
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