The Effect of Socio-Demographic Variable on Household Savings (Data Analysis IFLS 2007)

This research was intended to analyze the effect of socio-demographic variables on household savings. This analysis was measured with three models: (1) The ownership status of the savings, (2) The value of the savings. and (3) The savings ratio. The study received its information from the 2007 data from Indonesian Family Life Survey (ILFS.) The study also employed the Ordinary Least Square (OLS) and the Biner Logistic Regression analysis. The socio-demographic variables that were measured were the age of the patriarchs, the number of family members, the average level of the education of productive-aged family members, the youth dependency ratio (YDR,) the old dependency ratio (ODR,) the total family income, the gender of the patriarchs, the employment status of the patriarchs, the patriarchs' field of business, the household loan charge, and the residential location.

The average years of schooling of productive age household members and total household income are constantly significant in the three models of household savings. The other finding is that male-headed households are less likely to have savings than female-headed household.

The keywords: The ownership status of savings, the value of savings, the savings ratio, and the socio-demographic variables.