Culture has ‘significant’ effect on Swiss saving – paper
Researcher uses data from linguistically different Swiss groups
Cultural differences have a statistically significant effect on how much households save, a working paper published by the European Central Bank (ECB) argues.
In Culture and household saving, Benjamin Guin uses data on savings from the Swiss Household Panel, complemented with other data to build up a fuller picture of households’ socioeconomic profiles. He then analyses this in terms of the historic differences in language spoken in different parts of the country.
Households that speak
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