Saving Behavior as an Integral Element of the Individual's Economic Behavior

Abstract

In an unfavorable period of development of the country's economy, various types of subjective economic behavior, including labor, entrepreneurial, credit, savings behavior, are considered to be more relevant for periods of well-being. However, the degree of its impact on other types of behavior is so great that it cannot be ignored by decision makers in public governance and corporate management. The article analyzes the existing relationships between different types of economic behavior of individuals, the place among them of savings behavior and its impact on other types. The specific forms and results of the observed relationships are largely determined by the types and characteristics of savings behavior. The article attempts to classify the types of savings behavior in order to facilitate the identification and prediction of their impact on other types of economic behavior. In particular, two bases for the classification of savings behavior are proposed: the motivation to save and the share of income directed to savings. When making various decisions at all levels of management, it is necessary to clearly realize that the very fact of the formation of savings, as well as their size, can influence a wide range of actions of an individual in other areas of economic behavior.